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
- Bad Actors to be Restrained Thanks to New SMART-TD-backed Transit Bill
- Nebraska Reforms Standards for Rail Crew Transportation
- Show Your Pride, Win Shirts for Your Entire Local
- Local Pride T-Shirt Contest Rules
- Where Do You Get Your News? Help SMART-TD Meet You There
- Senate Strikes Down Spending Bill’s Harmful AI Provision
- Razor blade found on brake wheel
- Coming Soon: SMART-TD Voluntary Income & Life Protection (VILP) Program
- Senate Passes Tax Bill Without Including Railroaders
- SMART-TD Honors the Retirement of Brother Greg Hynes: A Visionary, a Fighter, and a Legend