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Posts published in “Railroad Legal News”

Arctic Gateway reports fatal derailment on Hudson Bay Railway

Rail News Home Federal Legislation & Regulation 9/17/2018 Rail News: Federal Legislation & Regulation Arctic Gateway reports fatal derailment on Hudson Bay Railway The Arctic Gateway Group acquired Hudson Bay Railway and related facilities from OmniTRAX Inc. on Aug. 31. Photo – Photo – Port of Churchill Arctic Gateway Group reported yesterday that a fatal…

Texas company gets $300M loan for high-speed train project

DALLAS (AP) — A Texas company has secured a $300 million loan for a proposed high-speed rail project from Dallas to Houston. Texas Central Partners will use the funds from Japanese sources to move forward with permitting, design and engineering, The Dallas Morning News reported . The company plans to use Japanese bullet train technology…

Apple’s new products prove its valuation is too low

CNBC's Jim Cramer explains how Apple's sustained innovation can drive its stock higher.The "Mad Money" host sits down with the CEO of AeroVironment as well as the founder and CEO of Barstool Sports.In the lightning round, Cramer suggests an alternative to the stable stock of Chevron. Lightning round: An alternative to CVX In Cramer's lightning…

CP, Canadian government discuss rail plans for 2018 grain crop

Rail News Home Federal Legislation & Regulation 9/13/2018 Rail News: Federal Legislation & Regulation CP, Canadian government discuss rail plans for 2018 grain crop "We have built the foundation for continued success in grain," CP's Joan Hardy told government officials. Photo – Canadian Pacific Magazine Canadian Pacific, in collaboration with its customers and supply chain,…

FRA issues funding notice for $46 million in PTC grants

Rail News Home Federal Legislation & Regulation 9/12/2018 Rail News: Federal Legislation & Regulation FRA issues funding notice for $46 million in PTC grants FRA Administrator Ronald Batory Photo – www.fra.dot.gov The Federal Railroad Administration (FRA) today announced a notice of funding opportunity (NOFO) for $46.3 million in grants to help railroads pay for the…

Cascades route will have PTC by Dec. 31, Amtrak and WSDOT say

Rail News Home Federal Legislation & Regulation 8/28/2018 Rail News: Federal Legislation & Regulation Cascades route will have PTC by Dec. 31, Amtrak and WSDOT say An Amtrak Cascades train derailed in DuPont, Washington, last December. Photo – Washington State Patrol Amtrak and Washington state transportation officials anticipate a positive train control (PTC) system will…

Canada announces funding to improve rail safety in Alberta

Rail News Home Federal Legislation & Regulation 8/28/2018 Rail News: Federal Legislation & Regulation Canada announces funding to improve rail safety in Alberta "We are working closely with railway companies and road authorities to identify grade crossings that require safety improvements," said Minister of Transport Marc Garneau. Photo – Canadian government officials announced CA$3.3 million…

Canada’s TSB cut safety investigation time in FY2017

Rail News Home Federal Legislation & Regulation 8/27/2018 Rail News: Federal Legislation & Regulation Canada's TSB cut safety investigation time in FY2017 Canada's Transportation Safety Board (TSB) last week released its annual report to Parliament, highlighting its annual statistics on reported occurrences in rail, aviation, marine and pipeline modes of transportation for fiscal-year 2017-18.During that…