October 6, 2015

Great Lakes Airlines defaults on loan


CHEYENNE, Wyo. – Great Lakes Aviation has defaulted on a $27.5 million loan with Callidus Capital Corp., according to documents filed with the U.S. Securities and Exchange Commission. As a result of the default, the lending company has the right to “take possession of substantially all” of Great Lakes’ assets, an SEC document dated Aug. [...]

Rail pensions may reduce supplemental annuities


Railroad retirement beneficiaries are reminded that receipt of a private railroad pension may reduce the amount of a supplemental annuity payable by the Railroad Retirement Board (RRB). The following questions and answers provide information on this subject, as well as how distributions from a 401(k) plan affect supplemental annuities, and whether railroad employee contributions to [...]

DOT announces $22.5 million for low emission buses


WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) is announcing the availability of $22.5 million through the latest round of the Low or No Emission Vehicle Deployment Program (LoNo) that will help deploy the next generation of energy-efficient vehicles nationwide. The funds are intended to encourage adoption of green technologies in transit [...]

PEB 248 recommends NJT contract terms


Presidential Emergency Board 248 has issued its recommendations to settle the four year contract dispute between New Jersey Transit and the Rail Labor Coalition of fourteen unions representing 4,300 union workers. The recommendations on the major issues of wages and health insurance contributions fall much closer to the terms proposed by the Coalition than those [...]

‘Right-to-work’ bill being drawn up in Ohio House


Columbus, Ohio – An Ohio lawmaker said he plans to introduce a “right-to-work” bill that would prohibit private-sector labor union membership as a condition of employment. State Rep. Tom Brinkman said Wednesday that his bill, which he plans to introduce next month, would ban “closed shops” and forbid unions from charging “fair-share fees” to non-union [...]

Survey finds Americans will use high-speed rail


Washington - If you build high-speed rail in America, they will come. According to a 2015 survey released by the American Public Transportation Association (APTA), if high-speed rail were available today, two-thirds (63 percent) of Americans are likely to use high-speed trains and this jumps to nearly seventy (67) percent when respondents were informed of the costs [...]

Settlement for Lac-Megantic railway inches forward

Portland, Maine — A bankruptcy judge on Thursday morning will consider approval of the bankruptcy reorganization plan for the Montreal, Maine and Atlantic Railway. The railroad was responsible for an oil train derailment in 2013 that killed 48 people, leveled the downtown of Lac-Megantic, Quebec, and became a flashpoint for regulators in the United States [...]

Old D&RG 168 steam locomotive gets new life

D&RG 168 steam locomotive

Colorado Springs, Colo. - A historic locomotive that has been on display in Antlers Park since 1938 is scheduled to be moved Wednesday afternoon. Old 168 is set to roar back to life on the Cumbres and Toltec Railroad, which is a scenic line that runs through the mountains between Antonito, Colo. and Chama, N.M. The [...]