Union Pacific, frequently identified – rightly or wrongly – as a foe of joint freight/passenger rail operations, may be the first major railroad to sign such an implementing agreement, reports the Journal of Commerce.
The Journal of Commerce quoted UP CEO Jim Young as saying he is “confident” that UP and the State of Illinois will agree on terms to operate a 110-mph Amtrak train over UP tracks between Chicago and St. Louis.
The cost of improving the right-of-way to handle higher speed trains, plus the cost of the equipment and stations, is estimated at some $4 billion, and Union Pacific and the State of Illinois are expecting a federal stimulus grant totaling some 25 percent of the projected cost.
Related News
- Make Plans to Attend a Regional Training Seminar Today!
- Tenacity Yields Strong Contract for Local 1909 School Bus Drivers
- Natick Station Reopens in Massachusetts
- Is Your Family Paying the Price for Your Job?
- Transit Funding Crisis Deepens
- Submit Your Local Pride T-Shirt Design Ideas by August 20!
- UPDATE: Hotel Reservation Deadline Extended for Anaheim Regional Training Seminar
- New SMART Union Mobile App Update Available
- Support SMART-TD Brother Who Lost His Leg in Denver Derailment
- Alaska Conductor Loses Second Child, Chairperson Asks for Our Support