Freight Railway Companies Petition for Modernization of Standards for the Industry’s Financial Health

A joint petition has been submitted to the Surface Transportation Board (STB) on behalf of the Canadian National Railway Company (CN), Norfolk Southern Railway Company (NS) and Union Pacific Rail Road Company (UP) freight-hauling railroad companies for the purpose of modernizing annual revenue adequacy determinations of the industry’s overall financial health.

CN, NS and UP are three of the seven railroads remaining in the U.S. from the 41 that operated in 1979 designated as Class I by the STB, based primarily on the annual operating revenue of the railroad company.

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The Department of Transportation Poised to Loan $3.7 Billion for Japan-Mexico High-Speed Rail Project in Florida

by Robert Romano   The Department of Transportation could be on the verge of approving a $3.7 billion Railroad Rehabilitation & Improvement Financing (RRIF) low-cost loan to Virgin Trains USA, owned by the $100 billion market cap SoftBank Group based in Tokyo, to build a higher-speed train project on a…

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Trump Donated $100,000 of His Salary to Help Fund Alcoholism Research

by Jason Hopkins   President Donald Trump has donated $100,000 of his salary to the federal agency that manages research on alcohol and alcohol related issues. The sizable donation — which was the president’s third quarter salary of 2018 — was given to National Institute on Alcohol Abuse and Alcoholism (NIAAA),…

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