Monday, February 20, 2012

RailAmerica reimbursed by feds for repair work - Jacksonville Business Journal:

8511ysu.blogspot.com
million in federal reimbursement after repairing track damagerdby flooding. The Federal Railroad Administration’sx award of $15 million to short-linee railroads for reimbursement of repairss in nine states reflectsxthe government’s growing recognition of the short-line rail’s economic importance, Rail America CEO John Gilea in a news release. “Short linezs offer many of the same benefits of the nationaorailroad superhighways, but their unique role is often said Giles. “As more and more manufacturing facilities are located in rural short lines often present the only accese these manufacturers have to the nationalrail network.” The compan y received $1.
5 million in reimbursement for repair work it did to repai Indiana Southern Railroad so the line was damagede by flooding. RailAmerica also received $1.9 millio n in reimbursement for the repair it made to theMissourui & Northern Arkansas Railroad aftedr the short line sustained 10 track washoutzs from flash flooding in “Working around the clock and at grear expense to the railroad, trains were able to move againb in just four said Giles. “If the railroads had not takeh immediate action without regard to the resulting cost burden, its customers would have been severelyh impacted.
” Short lines have expanded from 8,000 miles of track in 1980 to more than 50,000 miles today, according to the Americabn Short Line and Regional Railroad

No comments:

Post a Comment