$90M Project Could Boost Indiana Rail
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAn effort is underway to invest $90 million in upgrades to a freight rail line running from Louisville to south of Indianapolis. Chicago-based Anacostia Rail Holdings, which owns and operates the line, says it has reached an agreement with CSX Transportation Inc. to pay for the improvements with no public funding. The plan still needs federal approval. Anacostia Chief Financial Officer Bruce Lieberman will discuss the project at The Rail Summit 2014 next month in Chicago. Indiana Secretary of Commerce Victor Smith is also set to speak at the event.
May 27, 2014
News Release
CHICAGO, Ill. – Federal Railroad Administrator Joseph Szabo and Victor Smith, Indiana Secretary of Commerce will join Brad Skinner, Chairman of OmniTRAX, and two nationally recognized energy and intermodal experts, Graham Brisben, CEO of PLG Consulting and John Vickerman, CEO of Vickerman & Associates as keynote speakers at The Rail Summit 2014 on Friday, June 6, 2014 at the Union League Club in Chicago.
Administrator Szabo will present the rail provision of the Grow America Act and answer questions. Secretary Smith will address “Pathways of Tomorrow” highlighting Indiana's logistics program and our regional strengths.
The Rail Summit 2014 is a forum for Short Line, Regional, and Class One Railroads and representatives from the public and private sectors to meet, discuss global marketplace opportunities, continue regional collaborative cooperation, and initiate deals. More than $300 million worth of deals were initiated at The Rail Summit 2013.
Brad Skinner, Chairman of OmniTRAX says, “The Rail Summit brings together railroad executives, government officials, logistic academia, and customers of all types who utilize rail, trans load, terminal, and distribution/warehousing services. The conference provides for effective discussion and interaction among participants resulting in increased business opportunities, networking, and strategic initiatives.”
The economic importance of rail and ties to the energy and manufacturing sectors will be the discussed by the four keynote speakers, two panels (SINC and the global market place, Owners/CEOs of Holding Companies of Railroads), and in four breakout sessions presented by GREX, Illinois Valley (4 of 5 IL silica sand mines are located there), Shale and Manufacturing Opportunities, and Indiana's Logistics Journey. Topics to be discussed in depth include Shale Development, Energy Independence, Manufacturing Re-birth, and Intermodal Opportunities.
Honorary Chairmen for The Rail Summit are Sam Brownback, Governor, State of Kansas and Victor Smith, Secretary of Commerce, State of Indiana.
Sponsors include: Anacostia, South Suburban Mayors and Managers Association, Chicago South Shore Freight, Conexus, CenterPoint Properties, Fletcher & Sippel, GREX, Illinois Valley Economic Development Corporation (IVACED), Indiana Economic Development Corporation (IDEC), Indiana Harbor Belt Railroad, Iowa Pacific, Louisville and Indiana Railroad, OmniTRAX, NIPSCO, Purdue Center for Regional Development (PCRD), PLG Consulting, TOC Logistics, and the Valparaiso Economic Development Corporation (VEDC).
Individual tickets are $290 to attend the event, which includes a plated breakfast and lunch.
WHEN: The Rail Summit 2014, Friday, June 6, Union League Club, Chicago, 7:30 AM – 3:30 PM
WHERE: Union League Club, Chicago, 65 W Jackson Blvd
Administrator Szabo and Secretary of Commerce Victor Smith will speak at the Noon luncheon.
For more information or to attend, please contact info@therailsummit.com or call 312-750-9150.
Source: The Rail Summit