Federal Railroad Administration Grants $6.5M to New York & Atlantic Railway for…
What happened
The Federal Railroad Administration awarded a $6.5 million Consolidated Rail Infrastructure and Safety Improvements grant to New York & Atlantic Railway. This funding is designated for upgrading four locomotives in the railway's fleet with Tier 4 technology, which is provided by Cummins. The project represents a total public and private investment of $10.9 million.
From prnewswire.com
Why it matters
The grant supports New York & Atlantic Railway's goal of achieving a 100% clean-energy locomotive fleet by 2030. This investment, which includes funding from New York State and New York & Atlantic Railway, aims to reduce emissions and improve operational performance of freight rail services.
From prnewswire.com
Who's involved
- Federal Railroad AdministrationAwarded the CRISI Program Grant to New York & Atlantic Railway
- CumminsSupplies the Tier 4 locomotive technology used in the upgrade
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CumminsSpeculative
Cummins might secure contract revenue to supply Tier 4 locomotive technology for New York & Atlantic Railway's fleet.
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The entities involved
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Federal Railroad Administration
agency of the U.S. Department of Transportation
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Cummins
American corporation that designs, manufactures, distributes and services engines and related technologies