BNSF maintenance cuts prompt further US rail safety warning
Divisions remain deep between US rail labour and management, with accusations that the latter is ...
PLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIESBA: FLYING HIGHUPS: NEVER CHEAP ENOUGHAAPL: 'DEPTH'AAPL: KEY EXEC CHANGEAMZN: HAPPY DAYS FOR THE GROOM
PLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIESBA: FLYING HIGHUPS: NEVER CHEAP ENOUGHAAPL: 'DEPTH'AAPL: KEY EXEC CHANGEAMZN: HAPPY DAYS FOR THE GROOM
A $1.4bn infrastructure funding grant from the Biden government is set to strengthen rail supply chains in the US, with investments to fund 70 different projects across 35 states.
These track upgrades and bridge repairs will not only improve connectivity between railways but will also make routes less vulnerable to extreme weather, creating a more resilient and reliable supply chain, which US DoT secretary Pete Buttigieg said would “lower shipping costs for the American people”.
Senator Maria Cantwell explained that one project would see a $72.8m upgrade of track and infrastructure for the Palouse River and Coulee City Railroad in Washington state, allowing trains to safely travel twice as fast along the 297-mile route, vastly cutting the delivery time of grain supply. ABC News reports.
Comment on this article