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Bill Could Derail Progress On Freight Lines
Business Brokerage Plans to revitalize rail freight service on the Rahway Valley Line could be stalled under an Assembly bill calling for a moratorium on state funding.
Plans to revitalize rail freight service on the Rahway Valley Line could be stalled under an Assembly bill calling for a moratorium on state funding. Revitalization of the Rahway Valley Line, from Cranford to Summit, is part of Union County' south rail freight service through the heart of the county. Restoration of the Staten Island Railroad, from Cranford to Linden, is nearly done, and is expected to be operational by February, according to railroad officials.
Forex Broker Revitalization of the Rahway Valley Line, from Cranford to Summit, is part of Union County's overall plan to restore north-south rail freight service through the heart of the county. Restoration of the Staten Island Railroad, from Cranford to Linden, is nearly done, and is expected to be operational by February, according to railroad officials.
"It's a bill aimed directly at our heart, " said M&E President Gordon Fuller. "We already have 14 reviews that we have to go through. To layer on another approval layer is not the best of things." Assembly members Jon Bramnick and Eric Munoz, whose 21st Legislative District includes four of the five communities traversed by the Raritan Valley Line, sponsoring the bill, which would suspend state funding on freight rail projects for a year while a special commission reviews the projects.
Online Brokerage While the bill does not name the Union County projects specifically, railroad officials believe the legislation is aimed directly at the current revitalization of the two lines by the Morristown & Erie Railway, which is under contract with Union County.
But Ernoult says this offers opportunities for the broker. åith contract certainty and the FSA regulatory environment most policies have had to become more standardised to fall in line. But brokers have the knowledge to influence polices to become less standardised for the client. They can make a policy industry specific, area specific and it is better for the broker to create more bespoke polices as it shows the true value of the broker in such situations.
Real Estate Broker "It's a bill aimed directly at our heart," said M&E President Gordon Fuller. "We already have 14 reviews that we have to go through. To layer on another approval layer is not the best of things."
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Agency Brokerage Spark Assembly members Jon Bramnick and Eric Munoz, whose 21st Legislative District includes four of the five communities traversed by the Raritan Valley Line, are co-sponsoring the bill, which would suspend state funding on freight rail projects for a year while a special commission reviews the projects.
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Business Broker The commission would examine the economic growth that could be spurred by restoring service on the moribund lines and the costs to the state. The commission would not only look at the financial costs, but the environmental impact, along with the effects on traffic, public safety and property values.
Brokerage Account While the bill (AJR-105) was approved by the Assembly Transportation Committee, it still has a considerable distance to travel before the commission becomes a reality. In addition to requiring approval by the General Assembly, it also must be approved by the upper house, where Sen. Thomas Kean Jr. has introduced the Senate version of the bill.
Stock Broker Union County Manager George Devanney said he has no problem with Trenton taking another look at the project.
Brokerage Online Stock Trading "We've tried to strike the best deal for Union County," Devanney said. "If the state is going to look at things and determine the economic benefits, there's no harm in that."
Broker Justin Ticket Utilizing $7.2 million from the state transportation bond fund, Union County contracted with the M&E to rebuild the Rahway Valley and Staten Island rail lines. Both freight routes had not been used in over a decade and required extensive repairs to the railbeds and trestles, some of which were removed years ago.
Real Estate Brokerage Fuller said yesterday that the railroad had finally received the approvals it needed to move ahead with repairs to a bridge over the Northeast Corridor tracks that pass through Linden. The steel girders to reinforce the span are expected to arrive next month.
Commodity Broker Also, with state Department of Transportation approvals now in hand for six of the eight grade crossings in Roselle, the M&E can order the gates and signaling equipment. However, it could take another three to four months for that equipment to be delivered, Fuller said.
Brokerage House Regular freight service on the Staten Island line will probably start in February, he said.
Real Estate Broker Exam Fuller said he was concerned with the proposed legislation, which would effectively stop work on the Cranford to Summit section. "On the Rahway Valley, we've got a couple of customers where the business could be substantial," he said.
Brokerage Services Two sites, one in Springfield and the other, a 10-acre brownfield site in Union, have the potential of bringing in new businesses that would use the railroad, he said.
Broker Live Ticket Earlier this month, rail industry officials reported a record-setting year for U.S. railroads. During one week last month, the rail industry moved the most freight volume in its history -- 33.1 billion ton-miles, just eclipsing the 32.7 billion ton-miles mark set a week earlier, according to the Association of American Railroads.
Online Brokerage Firm Through the end of October, railroads had moved 1.3 trillion ton-miles this year, or 4 percent more than at the same period last year. A ton-mile is a standard industry measurement of one ton of goods moving one mile.
Security Broker Dealer By Gabriel H. Gluck
Star-Ledger - 11/10/2004
Topic: Trains
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