Groundbreaking for New CSX Ohio Intermodal Terminal

Ohio Governor Strickland, Congressman Latta, and CSX Chairman Ward Break Ground for Northwest Ohio Intermodal Terminal

"NORTH BALTIMORE, Ohio, Aug. 14 /PRNewswire-USNewswire/ -- Ohio Governor Ted Strickland, Congressman Bob Latta and CSX Chairman, President and CEO Michael Ward today broke ground for a new intermodal terminal in North Baltimore, Ohio, which will support the efficient and environmentally beneficial movement of containers between rail and truck.

"The new Northwest Ohio Intermodal Terminal will employ more than 200 people when fully operational in 2011 with 400 more jobs to be created during the construction phase. Over the next 10 years, more than 2,600 direct and indirect jobs will be created as a result of the facility. The terminal will serve as the distribution hub for anything that can be bought at a retailer -- from household electronic equipment to clothing. The facility is the cornerstone of the National Gateway, a $840 million, multi-state infrastructure initiative aimed at creating an efficient and environmentally friendly freight link between the Mid-Atlantic ports and the Midwest."

Pan Am Railways and Norfolk Southern Receive Approval to Improve Rail Service In New York and New England

Pan Am Railways and Norfolk Southern Receive Approval to Improve Rail Service In New York and New England:

"On May 15, 2008, PAR and NS announced an agreement to improve freight rail service and increase track and yard capacity in upstate New York and New England through a newly formed railroad company, Pan Am Southern. The focus of Pan Am Southern is the Patriot Corridor, the 155-mile main line track that runs between Mechanicville (Albany), N.Y., and Ayer, Mass. (approximately 30 miles west of Boston). PAR will transfer to the joint venture this trackage, along with 281 miles of secondary and branch lines, including trackage rights, in Connecticut, Massachusetts, New Hampshire, New York, and Vermont. NS will transfer cash and other property valued at $137.5 million to the joint venture, $87.5 million of which will be invested within a three-year period in capital improvements on the Patriot Corridor. Included in this investment is a new intermodal and automotive terminal in Saratoga County, N.Y., a new automotive terminal in Ayer, expansion of the existing intermodal terminal in Ayer, as well as track and signal upgrades on the Patriot Corridor. These improvements will be implemented as expeditiously as possible, and will comply with certain conditions imposed as part of the Federal regulatory approval process."

Paramount Pictures Announces Direct-to-Exhibitors Digital Cinema Deal (via delicious)

Post from NewsGator.com:

Paramount Pictures Announces Direct-to-Exhibitors Digital Cinema Deal (via delicious)

delicious Paramount Pictures Announces Direct-to-Exhibitors Digital Cinema Deal 17 hours ago - Comment - Like "Paramount Pictures, a unit of Viacom Inc. (NYSE: VIA and VIA.B), today announced it has become the first studio to offer digital cinema support directly to exhibitors across the United States and Canada. The move is expected to accelerate the roll-out of digital and 3-D projection systems in theatres. The announcement was made by Jim Tharp, President of Domestic Theatrical Distribution." - Ron Bailey

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