The Railroad Rehabilitation and Improvement Financing program was set up to provide low-interest loans and loan guarantees worth $3.5 billion, but complex bureaucratic rules and procedures have hindered significant disbursement so far.
The Wheeling & Lake Erie will use the money to replace more than 168,000 noisy, jointed rail ties with continuous welded rail designed to cause fewer derailments and fewer shipping delays, the Federal Railroad Administration said last week. The newer track is also capable of handling the larger 286,000-pound rail cars that are now standard in the industry.
The W&LE is a regional railroad that provides service to about 170 shippers over about 900 miles of track in Ohio, Pennsylvania, West Virginia and Maryland. It connects with three major railroads and 14 other short line railroads, and primarily carries commodities such as coal, stone, iron ore and steel.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now