Newark Airport to Get
Rail Station, MonorailNewark International Airport will be linked with the Northeast Corridor by a rail station that will be located in Conrail's Waverly Yards west of the airport and operated by N.J. Transit Corp.
The station will link the airport's three main terminals by a monorail system, said Philip D. Kaltenbacher, chairman of the Port Authority of New York and New Jersey.
The port authority, which runs the airport, also plans to add 10,000 parking spaces at Newark, as well as establish a system of park-and-fly lots in suburban areas, Mr. Kaltenbacher said.
The projects are part of a $5 billion capital improvements plan between New York and New Jersey. The improvements will be financed by an increase in the authority's Hudson River bridge and tunnel tolls and the PATH train fare.
The port authority did not announce the cost or completion date for the station.
The agency chose to build the rail station near the airport instead of opting for proposals by Newark and Elizabeth officials who favored a linkup with Newark Penn Station, the N.J. Transit station in downtown Elizabeth and the airport.
M-K-T Plan to Abandon
200 Track-Miles Probed
WASHINGTON - The Interstate Commerce Commission launched an investigation into the Missouri-Kansas-Texas Railroad's proposal to abandon almost 200 miles of track in Missouri.
At issue are the M-K-T's plans to abandon its 199.92 mile line of track
from milepost 26.92 at Machens and milepost 226.84 at Sedalia.
The investigation was launched after protests were filed by the town of Hartsburg, Mo., a variety of shippers on the lines and by environmental and labor interests.
Initial statements by the railroad are due Nov. 25 while statements opposing the application are due Dec. 22. Reply statments by the railroad are due Jan. 6.
Lawmaker to Push
For Rate Regulation
WASHINGTON - Lower transportation costs are a key to improving coal consumption, according to Rep. Harold Rogers, R-Ky., and legislation may be needed to help the industry.
Our legislation to put the teeth into rate regulations for captive shippers along the railroad came close to action this past year, Rep. Rogers told the Kentucky Mining Institute, And I am hopeful we can continue that momentum in the new Congress which convenes in January.
Rep. Rogers was referring to legislation that almost was attached to a bill permitting the sale of the government's interest in Conrail by the last Congress.
Lone Star Wins Order
For Concrete Rail Ties
GREENWICH, Conn. - Lone Star Transportation Corp., a subsidiary of Lone Star Industries Inc., reported it has won a contract to supply 1,750,000 prestressed concrete railroad ties to the Burlington Northern Railroad. Production will begin in early 1987, the company said.
Lone Star recently furnished Amtrak with over 1,000,000 concrete ties for use in the Northeast Corridor between Boston and Washington, it said. The company operates tie manufacturing facilities in Littleton, Mass., and through a joint venture with Kansas City Southern Industries Inc. in Kansas City, Kan.
Appeals Court Rules
On Gelco Corp. Case
MINNEAPOLIS - Gelco Corp. said the U.S. Court of Appeals for the Eighth Circuit denied the application by Coniston Partners for a stay pending appeal" of the order of the U.S. District Court issued on Nov. 7 that denied an injunction against Gelco's pending exchange offer.
Gelco intends to purchase shares pursuant to its Dutch Auction Offer which expired Wednesday.
Gelco, based in Eden Prairie, Minn., is a diversified international management services company.