BART, the commuter rail line for the San Francisco Bay Area, will eliminate 74 jobs by July rather than raise fares. Among the jobs to be phased out are seven train car cleaners and 14 janitors, the San Jose Mercury News reports. The BART board says it was faced with the choice of raising fares [...]
Continue reading...Saturday, November 21, 2009
In a deal that could have significant impacts on maritime trade on the east coast, Ports America has agreed to invest $105 million in return for a 50 year lease of a maritime terminal in Baltimore. The money will be used to build a 50 foot deep berth and install four state of the [...]
Continue reading...Tuesday, November 17, 2009
A $32 million dollar rail improvement project in the Philadelphia area is expected to bring in 1200 jobs over the next three years, says Pennsylvania Governor Rendell. The project involves lowering tracks so that trains can pull double stacked containers under bridges and overpasses. When completed, it will improve the efficiency of the [...]
Continue reading...Tuesday, November 3, 2009
Warren Buffet’s Berkshire Hathaway is poised to spend $34 Billion to buy out Burlington Northern Railroad, making it the company’s largest ever acquisition. The deal has been approved by the board of directors of both companies, but will still have to clear a 2/3rds vote of Burlington’s shareholders and antitrust laws. There is no news [...]
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Thursday, January 28, 2010
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