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https://www.state.nj.us/transportation/ ... Awards.pdf

Thanks Freightguy, how many cars per day is CSX typically bringing down to Oak Point Yard these days? I moved out of NYC in 2017 and I am wondering how much of an increase there's been.

Sounds like a bike ride I will take in the spring, thanks!
The only shipping method cheaper than rail is ship/barge, and that's likely how cement and fill got to the prior mentioned megaprojects.

NS may have had the right long term strategy but fear of capital gains taxes rising sharply may have triggered Fink to want to book a sale this year. Foote seems to be making excellent progress revitalizing CSX and competing for traffic. One thing to consider is that PSR has substantially lowered th...

Thanks for posting the updates Bulkheadflat. Those former woodchip cars are often repurposed to carry construction and demolition debris. Raritan Central could be planning a transshipment facility there?

At $700MM Fink is getting a great deal, and he will probably be able to report capital gains using the 2020 tax code and not the much higher 2021 expected tax code. CSX is clearly paying on an expectation of traffic growth.

NS probably has strong contractual terms related to its 50% share of PAS that protects its access to utilize the asset. NS does not need to buy the other half to receive the same access benefits. Sure, NS may need to split revenues on the last 150 or so miles of a 750 mile [for example] shipment, bu...

They may be able to reduce operations sharply at East Deerfield yard, since they have a grand hump yard just 100 miles away to build trains for the Pan Am lines. They could probably run one 200 car manifest that shrinks with drops in E Deerfield, Ayer, and Providence.

I can't imagine there being any material amount of interchange between any of the Conrail zones and PanAm. Railcar movements under 500 miles are pretty uncommon these days, because trucks are in very competitive for shorter hauls. There may be some paper hauls from Maine, I can't imagine what else. ...

It appears that railroads face a business management issue not unique to the railroad industry: no one in management wants to cover or care for the smaller customers when they can compete for the glory of covering the larger clients. So the Southern Secondary has only one lumber customer large enoug...

Massachusetts wastes vast sums of money on their mass transit, but who are we to complain if it helps the freight rail carriers? I have no desire to ride on dirty, low-frequency passenger trains to get anywhere, unless I have all day to get somewhere by train that takes an hour by car.

I suspect that newsprint shipments are way down over the last 10 years as news has mostly gone on-line. The NY Post probably doesn't need as big a print facility anymore [though I did not see your article]. I haven't been to Oak Point in 3 years since I moved to NJ, but I remember that most of the b...

Track clearances were recently raised to Plate F for the Washington line to Dover, and there's been almost no increase in traffic from Plate F freight cars. Somehow the authors of the NJTPA study claim billions of dollars in development would follow by raising clearances to Plate F for the Southern ...

Pan Am realized much of its value when it sold key access routes to terminals to the PAS JV with NS. The merchandise traffic of about 100 loads a day has value too, but you can guesstimate that value as well. Is that $400 per carload? $1000? Let's say it's the latter, for $36.5 million in gross reve...

PanAm is an "infrastructure" investment, an attractive long-term opportunity for large pension plans and sovereign wealth funds. I doubt the Mellons will have trouble finding attractive offers for their property, and if they do have trouble, they should call me because their investment ban...