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May 10th, 2025
May 10th, 2025
Transportation Today News

Home » Investment » Page 8

Investment

Iowa Interstate Railroad completes hazmat training tank car

By Melina Druga  |   February 3, 2025   |   Investment

Iowa Interstate Railroad (IAIS) recently completed a hazmat training tank car. The car will enhance the preparedness of first responders across the Iowa Interstate network. It features railcar tele...

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Michigan DOT awards grants to projects in Detroit, Grayling Township

By Liz Carey  |   January 31, 2025   |   Investment

Michigan Gov. Gretchen Whitmer said the grants awarded by her state’s Department of Transportation would support nearly 500 jobs and bring $3.1 billion in investments to Detroit and Grayling Townshi...

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Cathcart Rail conducting services for Portland & Western Railroad

By Melina Druga  |   January 31, 2025   |   Investment

Ohio-based Cathcart Rail, a freight rail services and transportation company, became Oregon-based Portland & Western Railroad’s (PNWR) running repair agent for car inspection and mechanical services...

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Port of Savannah receives four electric ship-to-shore cranes

By Melina Druga  |   January 30, 2025   |   City

The Port of Savannah received four electric ship-to-shore cranes designed by Finland-based Konecranes on Jan. 25. The cranes bring Ocean Terminal’s fleet of Super Post Panamax cranes to eight. T...

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Ancala acquires Lehigh Valley Rail Management

By Liz Carey  |   January 29, 2025   |   Investment

London-based investor Ancala announced the formation of a U.S.-based short line rail specialist Phoenix Rail with its acquisition of Lehigh Valley Rail Management (LVRM) in Pennsylvania. The compan...

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MBTA, city of Boston partner to improve travel times, transit reliability

By Melina Druga  |   January 29, 2025   |   City

Massachusetts Bay Transportation Authority (MBTA) and the city of Boston have partnered to improve transit reliability and travel times by upgrading Boston’s Traffic Management Center. The center...

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Ohio awards $8.7 million in Local Major Bridge Program grants

By Melina Druga  |   January 29, 2025   |   Investment

The Ohio Department of Transportation (ODOT) recently awarded four projects statewide $8.7 million in Local Major Bridge Program grants. The program funds bridge replacement, bridge rehabilitation,...

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Chicago’s Metra explores bridge financing options

By Liz Carey  |   January 28, 2025   |   City

Metra, the primary commuter rail system in the Chicago metropolitan area, announced it will be exploring alternative finance measures to address its infrastructure backlog. The transit agency said...

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Analysis finds MTA’s Capital Plan would generate $106B in New York economic activity

By Liz Carey  |   January 27, 2025   |   News

An independent analysis of New York’s Metropolitan Transit Authority’s proposed five year capital plan would generate $106 billion in the state’s economic activity and contribute to more than 70...

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FAA dedicates air traffic control tower at Teterboro Airport in New Jersey

By Melina Druga  |   January 27, 2025   |   Air

The Federal Aviation Administration (FAA) dedicated an approximately $73.4 million air traffic control tower at Teterboro Airport in New Jersey on Dec. 11. The 157-foot-tall tower atop a 19,000-squ...

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Rail stakeholders testify on streamlining grant programs, competition at hearing

By Liz Carey  |   January 27, 2025   |   Featured

Rail industry stakeholders testified about their priorities and suggestions for future surface transportation legislation during a hearing of the Railroads, Pipelines and Hazardous Materials Subcommit...

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Majority of California high-speed rail expenditures go to businesses, workers

By Melina Druga  |   January 27, 2025   |   Investment

During fiscal year 2023-24, 99 percent of California High-Speed Rail Authority’s high-speed rail system project’s expenditures went to California businesses and workers. Two out of every three...

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Evertrak

Japanese company announces strategic investment in Evertrak

By Melina Druga  |   January 24, 2025   |   Investment

Tokyo-based Sumitomo Corp.’s subsidiary Sumitomo Corporation of Americas recently announced a strategic investment in St. Louis-based Evertrak, a manufacturer of railroad ties primarily made from re...

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Norfolk Southern reports more than $4.3B in industrial development activity

By Liz Carey  |   January 24, 2025   |   Featured

Customers of Norfolk Southern Corporation advanced nearly 150 industrial development project totaling $4.3 billion for new or expanded facilities in 2024, the company said Wednesday. Of the 149 pr...

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Short line railroads would receive increased tax credit under new bill

By Kim Riley  |   January 23, 2025   |   Featured

A bipartisan bill proposed Jan. 16 on Capitol Hill would increase the railroad track maintenance credit in an effort to make it easier for local rail lines to keep operating and remain in good repair....

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Scranton to New York Penn Station Passenger Rail Corridor project closer to commencing

By Melina Druga  |   January 22, 2025   |   City

The Pennsylvania Department of Transportation (PennDOT) is developing a $5.46 million Service Development Plan (SDP) to make the Scranton to New York Penn Station (NYP) Passenger Rail Corridor project...

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FRA releases study on restoration of long-distance passenger rail routes

By Melina Druga  |   January 22, 2025   |   Featured

(Corrects first paragraph to reflect the Federal Railroad Administration released the study and not Amtrak.) The Federal Railroad Administration (FRA) recently released a study that evaluated the r...

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U.S. Transportation Department awards $229M for repairs for damages from natural disasters, extreme weather

By Liz Carey  |   January 22, 2025   |   Federal

The U.S. Department of Transportation’s Federal Highway Administration said it is providing more than $229 million in emergency relief for repairs to roads and bridges damaged due to natural disaste...

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FRA awards Lincoln, Neb., $66.7M grant

By Melina Druga  |   January 21, 2025   |   City

The Federal Railroad Administration (FRA) recently awarded Lincoln, Neb., a $66.7 million grant to support a $120 million project that will make improvements to two railroad crossings and intersection...

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Canadian National Railway launches new hybrid locomotive project

By Liz Carey  |   January 21, 2025   |   Investment

Canadian National Railway Company (CN) announced the launch of a new medium horsepower hybrid electric locomotive pilot project on Jan. 16. The project, developed in collaboration with Knoxville L...

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Investment News

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