AGP Executive Report
Last update: an hour agoRail Funding: The Federal Railroad Administration announced $2.3 billion for passenger and freight rail projects nationwide. Salem, Ohio, also won $21,000 toward an overpass to remove a busy Norfolk Southern crossing. Service and Safety: Pierce County ferry service to Anderson and Ketron islands resumed after a three-day breakdown left residents without their main link to the mainland. Freight and Ports: CPKC’s chief alleged shippers face threats for opposing a major U.S. rail merger, while the Transportation Department awarded $498 million for port upgrades. Benton Harbor separately secured $22 million for riverfront transportation improvements. Industry Pressures: Diesel costs are driving up holiday shipping expenses as truckers report financial strain; Paccar also cited supply-chain hiccups amid higher truck demand. UPS, meanwhile, reported a strong quarter and expects robust holiday demand. Passenger Rail: Construction is underway on a $125 million Enfield, Connecticut, station, restoring service to the town after more than 40 years.
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