ABANDONED RAIL CORRIDORS in TEXAS: a POLICY and December 2010 INFRASTRUCTURE EVALUATION Published: March 2011

Total Page:16

File Type:pdf, Size:1020Kb

ABANDONED RAIL CORRIDORS in TEXAS: a POLICY and December 2010 INFRASTRUCTURE EVALUATION Published: March 2011 Technical Report Documentation Page 1. Report No. 2. Government Accession No. 3. Recipient's Catalog No. FHWA/TX-11/0-6268-1 4. Title and Subtitle 5. Report Date ABANDONED RAIL CORRIDORS IN TEXAS: A POLICY AND December 2010 INFRASTRUCTURE EVALUATION Published: March 2011 6. Performing Organization Code 7. Author(s) 8. Performing Organization Report No. Curtis Morgan, Jeffery Warner, Jun (Jade) Huang, Rebecca Barkley – Report 0-6268-1 TTI Lisa Loftus-Otway, Nathan Hutson, Alejandra Cruz Ross, Rachel Niven – CTR 9. Performing Organization Name and Address 10. Work Unit No. (TRAIS) Texas Transportation Institute The Texas A&M University System 11. Contract or Grant No. College Station, Texas 77843-3135 Project 0-6268 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered Texas Department of Transportation Technical Report Research and Technology Implementation Office September 2008–June 2010 P. O. Box 5080 Austin Texas 78763-5080 14. Sponsoring Agency Code 15. Supplementary Notes Research performed in cooperation with the Texas Department of Transportation and the Federal Highway Administration. Research Project Title: Acquisition, Uses, & Funding Options for Abandoned Rail Corridors URL: http//:tti.tamu.edu/documents/0-6268-1.pdf 16. Abstract The use of existing and abandoned railroad rights-of-way has been a proven method of acquiring linear corridors for the construction of roadways since the formation of the Texas Highway Department. Either paralleling existing rail lines or re-using corridors first used by railroad companies exhibited tremendous wisdom since the railroads had dictated development patterns throughout the state in the half-century prior to the road building era. The long period of railroad system consolidation since the end of World War II has resulted in the loss of many abandoned rail corridors that could now be extremely valuable if put to use either as new transportation corridors (roadway, transit, etc.) or multiuse recreational trails (hiking, biking, skating, etc.). This project evaluated the current Texas Administrative Code statutes governing the Texas Department of Transportation acquisition and use of abandoned rail corridors, suggested changes to these existing statutes, characterized the abandoned rail lines in the state, and identified potential uses of existing and prospective abandoned corridors in Texas. 17. Key Words 18. Distribution Statement Abandoned Rail, Corridor Preservation No restrictions. This document is available to the public through NTIS: National Technical Information Service 5285 Port Royal Road Springfield, Virginia 22161 www.ntis.gov 19. Security Classif.(of this report) 20. Security Classif.(of this page) 21. No. of Pages 22. Price Unclassified Unclassified 280 Form DOT F 1700.7 (8-72) Reproduction of completed page authorized ABANDONED RAIL CORRIDORS IN TEXAS: A POLICY AND INFRASTRUCTURE EVALUATION by Texas Transportation Institute Texas A&M University Curtis Morgan Jeffery Warner Program Manager, Multimodal Freight Associate Transportation Researcher Transportation Program Assistant Research Scientist Jun (Jade) Huang Rebecca Barkley Assistant Transportation Researcher Undergraduate Student Researcher Center for Transportation Research The University of Texas at Austin Lisa Loftus-Otway Nathan Hutson Research Engineer/Science Associate III, Research Scientist Associate III Attorney-at-Law Alejandra Cruz Ross Rachel Niven Research Engineer/Scientist Associate II Graduate Student Researcher Report 0-6268-1 Project 0-6268 Project Title: Acquisition, Uses, & Funding Options for Abandoned Rail Corridors Performed in cooperation with the Texas Department of Transportation and the Federal Highway Administration December 2010 Published: March 2011 TEXAS TRANSPORTATION INSTITUTE The Texas A&M University System College Station, Texas 77845-3135 DISCLAIMER The contents of this report reflect the views of the authors, who are responsible for the facts and the accuracy of the data, opinions, findings, and conclusions presented herein. The contents do not necessarily reflect the official view or policies of the Texas Department of Transportation (TxDOT), Federal Highway Administration (FHWA), The Texas A&M University System, or the Texas Transportation Institute (TTI). This report does not constitute a standard, specification, or regulation. In addition, the above listed agencies assume no liability for its contents or use thereof. v ACKNOWLEDGMENTS This project was conducted in cooperation with TxDOT and FHWA. The research team thanks the TxDOT project director, Mark Werner, P.E., and the TxDOT program coordinator, Maria Burke, P.E. Additionally, the researchers would like to thank other members of the TxDOT Rail Division Staff: Gil Wilson, Jennifer Moczygemba, P.E., and Bill Glavin, P.E., and TxDOT Research and Technology Implementation office staff: Duncan Stewart, Ph.D., P.E.; and Frank Espinosa. The research team would also like to thank Angie Parker of TxDOT’s Office of General Counsel who acted as a project monitoring committee member. We would also like to thank the following railroad and Washington State Department of Transportation (WS DOT) personnel who were interviewed as part of the project: • Dennis Eytcheson, General Director Network Strategies BNSF Railway Company. • Kristy D. Clark, General Attorney, BNSF Railway Company. • Susan Odom, Manager Network Strategy, BNSF Railway Company. • Scott Witt, State Rail and Marine Director, WS DOT. • Andrew Wood, Deputy Rail and Marine Director, WS DOT. • George Xu, Ph.D., MBA, Executive Manager, Strategic Planning and Research, WS DOT. • Brent Thompson, Finance and Contract Manager, WS DOT. vi TABLE OF CONTENTS Page List of Figures ............................................................................................................................... xi List of Tables ............................................................................................................................... xii Chapter 1: Introduction ............................................................................................................... 1 Background ................................................................................................................................. 1 Significance of Evaluation .......................................................................................................... 2 Previous Research ....................................................................................................................... 2 Report Organization .................................................................................................................... 4 Part I: Legislative and Policy Items ............................................................................................ 5 Chapter 2: Introduction to Legislative and Policy Issues ......................................................... 7 Legal Definitions ........................................................................................................................ 8 Chapter 3: Federal Legislation and Policy Issues .................................................................... 11 Background ............................................................................................................................... 11 Federal Regulation: The Basic Cycle for the Abandonment of a Rail Line ............................. 15 The System Diagram Map .................................................................................................... 15 Notice of Intent to Abandon ................................................................................................. 16 Times for Protests or Comments........................................................................................... 17 Procedure .............................................................................................................................. 17 Granting of the Permission ................................................................................................... 17 Railbanking ............................................................................................................................... 19 Railbanking under the NTSA................................................................................................ 20 Railbanking for Public Use Condition .................................................................................. 24 Reinstating the Rail Service .................................................................................................. 25 Alternatives to Abandonment and Railbanking ........................................................................ 26 Forced Subsidies and Sales ................................................................................................... 26 Voluntary Sales and Operations ............................................................................................ 27 Chapter 4: Texas Legislation and Policy .................................................................................. 29 Early and Past Regulation to Preserve Rail Corridors .............................................................. 29 Rural Rail Transportation Districts ....................................................................................... 29 Governor’s Executive Order AWR 93-4 .............................................................................. 29 Texas Legislative Activities .....................................................................................................
Recommended publications
  • ENTERED UNITED STATES DISTRICT COURT July 06, 2018 SOUTHERN DISTRICT of TEXAS David J
    Case 5:18-cv-00071 Document 27 Filed in TXSD on 07/06/18 Page 1 of 15 United States District Court Southern District of Texas ENTERED UNITED STATES DISTRICT COURT July 06, 2018 SOUTHERN DISTRICT OF TEXAS David J. Bradley, Clerk LAREDO DIVISION THE KANSAS CITY SOUTHERN § RAILWAY COMPANY, et al., § § Plaintiffs, § VS. § CIVIL ACTION NO. 5:18-CV-71 § BROTHERHOOD OF LOCOMOTIVE § ENGINEERS AND TRAINMEN, et al., § § Defendants. § MEMORANDUM & ORDER The plaintiffs in this case—The Kansas City Southern Railway Company (KCSR) and The Texas Mexican Railway Company (Tex-Mex) (collectively, “the Railroads”)—are a pair of railway companies that operate, at least in part, in South Texas. Defendant Brotherhood of Locomotive Engineers and Trainmen (the Union) is a labor union that represents the Railroads’ employees. Defendant Chris Heise is the Union’s general chairman. This case arises from a dispute over whether the Railroads are entitled to shift their point of interchange for trains that cross the U.S.-Mexico border from the border itself to a rail yard nine miles away in Laredo, Texas. The Union argues that the collective bargaining agreements (CBAs) between the parties do not allow the Railroads to make this change. The Union also argues that the change would run afoul of certain administrative-agency orders and regulations. The Railroads disagree with the Union’s arguments in every respect and say that they intend to shift their point of interchange from the border to the Laredo rail yard on July 9, 2018. The Union has threatened to strike in response. Pending before the Court is the Railroads’ “Motion for Temporary Restraining Order and/or Preliminary Injunction.” (Dkt.
    [Show full text]
  • Rail Plan 2005 - 2006
    Kansas Department of Transportation Rail Plan 2005 - 2006 Kathleen Sebelius, Governor Debra L. Miller, Secretary of Transportation Kansas Department of Transportation Division of Planning and Development Bureau of Transportation Planning – Office of Rail Affairs Kansas Rail Plan Update 2005 - 2006 Kansas Department of Transportation Division of Planning and Development Bureau of Transportation Planning Office of Rail Affairs Dwight D. Eisenhower State Office Building 700 SW Harrison Street, Second Floor Tower Topeka, Kansas 66603-3754 Telephone: (785) 296-3841 Fax: (785) 296-0963 Debra L. Miller, Secretary of Transportation Terry Heidner, Division of Planning and Development Director Chris Herrick, Chief of Transportation Planning Bureau John Jay Rosacker, Assistant Chief Transportation Planning Bureau ACKNOWLEDGEMENT Prepared by CONTRIBUTORS Office of Rail Affairs Staff John W. Maddox, CPM, Rail Affairs Program Manager Darlene K. Osterhaus, Rail Affairs Research Analyst Edward Dawson, Rail Affairs Research Analyst Paul Ahlenius, P.E., Rail Affairs Engineer Bureau of Transportation Planning Staff John Jay Rosacker, Assistant Chief Transportation Planning Bureau Carl Gile, Decision Mapping Technician Specialist OFFICE OF RAIL AFFAIRS WEB SITE http://www.ksdot.org/burRail/Rail/default.asp Pictures provided by railroads or taken by Office of Rail Affairs staff Railroad data and statistics provided by railroads 1 Executive Summary The Kansas Rail Plan Update 2005 - 2006 has Transportation Act (49 U.S.C. 1654 et seg). Financial been prepared in accordance with requirements of the assistance in the form of Federal Rail Administration Federal Railroad Administration (FRA) U.S. Department (FRA) grants has been used to fund rehabilitation of Transportation (USDOT), as set forth in federal projects throughout Kansas.
    [Show full text]
  • Dennis R. Pierce National President, Brotherhood of Locomotive Engineers and Trainmen President, Teamsters Rail Conference
    TESTIMONY OF DENNIS R. PIERCE NATIONAL PRESIDENT, BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN PRESIDENT, TEAMSTERS RAIL CONFERENCE BEFORE THE HOUSE TRANSPORTATION & INFRASTRUCTURE COMMITTEE SUBCOMMITTEE ON RAILROADS, PIPELINES, AND HAZARDOUS MATERIALS THE STATE OF THE RAIL WORKFORCE JUNE 20, 2019 Good morning, Chairman Lipinski, Ranking Member Crawford, and Members of the Sub- committee. I appreciate the opportunity to appear before you this morning. I also want to thank Chairman DeFazio for kindly inviting me to testify today, and for his and Ranking Member Graves’ leadership of the Transportation & Infrastructure Committee. My name is Dennis Pierce, and I am the National President of the oldest trade union in North America, the Brotherhood of Locomotive Engineers and Trainmen, which was founded in 1863. I also am the President of the Teamsters Rail Conference, of which the BLET is the founding Union. The subject of today’s hearing is “The State of the Rail Workforce.” I have a number of comments and observations regarding this question on a national scale. Although the productivity of the rail workforce has never been better, that increased productivity does not always translate into reliable or safe jobs. Productivity is going ever upward, but employment levels are headed in the other direction, with many hundreds — if not several thousand — in furlough status as I sit here today. A small fraction of this likely is due to a modest downturn in traffic currently being expe- rienced. A more significant portion is due to the deployment of technologies as “labor-replacing” rather than “labor-saving” devices. But the most serious threat looming over the horizon — at least in the short term — is the industry’s fascination with Precision Scheduled Railroading.
    [Show full text]
  • Cn-22 Kcs-5 1 Before the Surface Transportation
    CN-22 KCS-5 302575 BEFORE THE SURFACE TRANSPORTATION BOARD ENTERED ___________________________ Office of Proceedings June 23, 2021 STB FINANCE DOCKET NO. 36514 Part of ___________________________ Public Record CANADIAN NATIONAL RAILWAY COMPANY, GRAND TRUNK CORPORATION, AND CN’S RAIL OPERATING SUBSIDIARIES – CONTROL – KANSAS CITY SOUTHERN, THE KANSAS CITY SOUTHERN RAILWAY COMPANY, GATEWAY EASTERN RAILWAY COMPANY, AND THE TEXAS MEXICAN RAILWAY COMPANY ___________________________ JOINT SUBMISSION OF UNION STATEMENTS SUPPORTING VOTING TRUST ___________________________ Applicants Canadian National Railway Company (“CN”) and Kansas City Southern (“KCS”) respectfully submit the enclosed three letters from rail unions representing CN employees that ask the Board to approve CN’s and KCS’ proposed voting trust. The three letters are from the General Chairmen of GO-377, GO-433, and GO-987 of the International Association of Sheet Metal, Air, Rail and Transportation Workers, Transportation Division (“SMART-TD”). All three general chairmen write that their local unions “unequivocally support[] approval of Canadian National’s voting trust.” In combination, GO-377, GO-433, and GO-987 represent over 1800 conductors on the CN system in the United States. GO-377 represents over 200 conductors on the Grand Trunk Western Railroad Company; GO-433 represents over 800 conductors employed on the Illinois Central Railroad Company and the Chicago-Central & Pacific Railroad Company; and GO-987 1 CN-22 KCS-5 represents approximately 800 conductors on the Wisconsin Central Ltd. portion of CN’s system. Applicants note that the letter by General Chairman Flashberger of GO-987 was previously filed in this docket on June 16, 2021. Canadian Pacific then included the letter in its filing on Monday, June 21, and falsely claimed that it was a letter “express[ing] opposition to approval of Canadian National’s voting trust.”1 Despite Canadian Pacific’s misrepresentation, Mr.
    [Show full text]
  • 2000 Annual Report Cost 64 Cents Per Book to Produce, Which Represents an 11 Percent Decrease from 1999
    Table of Contents Financial Highlights 2 Our vision: Chairman’s Letter to Stockholders 3 Be the safest, Overview of 2000: Meeting the Challenge 5 Norfolk Southern underwent changes and overcame challenges associated most customer-focused with expanding its transportation network and successful Operating Performance Positions System for Growth 8 transportation company NS recognizes the importance of maintaining safe, fluid operations and improving customer service in the world Meeting Customer Needs Through Innovation and Technology 11 NS is enhancing ways in which it will meet customers’ needs electronically Adding Value Through Growth, Description Service and Asset Utilization 14 of business NS launches systemwide initiatives to improve financial Norfolk Southern Corporation, a efficiency and add value Virginia-based holding company with headquarters in Norfolk, Moving the Goods that Move the Economy 17 Va., owns all the common stock NS is focused on increasing revenues and profitability in each market of and controls a major freight group to realize the potential of its expanded network railroad, Norfolk Southern Railway Co. In addition, it owns Financial Overview 20 a natural resources company, Pocahontas Land Corp., and a Quarterly Financial Data 21 telecommunications company, Thoroughbred Technology and Eleven-Year Financial Review 22 Telecommunications, Inc. The railroad system’s owned Management’s Discussion and Analysis 24 and operated lines extend over approximately 21,800 miles of Consolidated Financial Statements 38 road in 22 states, the District of Columbia and the province of Notes to Consolidated Financial Statements 42 Ontario, Canada. Pocahontas Land Corp. Report of Management 54 manages more than a million acres of coal and natural gas Report of Independent Auditors 55 resources in Alabama, Illinois, Kentucky, Tennessee, Virginia Board of Directors and Officers 56 and West Virginia.
    [Show full text]
  • Whpr19750902-010
    Digitized from Box 15 of the White House Press- Releases at the Gerald R. Ford Presidential Library FOR IMMEDIATE RELEASE September 2, 1975 Office of the White House Press Secretary ------------------------~----------------------------- --------- THE WHITE HOUSE EXECUTIVE ORDER CREATING AN EMERGENCY BOARD TO INVESTIGATE A DISPUTE BETWEEN THE CARRIERS Rl::":PRESENTED BY THE NATIONAL RAILWAY LABOR COi~FERENCE AND CERTAIN OF THEIR EMPLOYEES A dispute exists between the carriers represented by the National Railway Labor Conference, designated in lists attached hereto and made a part hereof, and certain of their employees represented by the Railway Employes' Department, AFL-CIO; International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers & Helpers; Brotherhood Railway Carmen of United States and Canada; International Brotherhood of Electrical Workers and the International Brotherhood of Firemen & Oilers, This dispute has not heretofore been adjusted under the provisions of the Railway Labor Act, as amended, and This dispute,) in the judgment of the National Ivlediation Board, threatens substantially to interrupt interstate commerce to a degree such as to deprive a section of the country of essential transportation service: NOW, THEREFORE, by virtue of the authority vested in me by Section 10 of the Railway Labor Act, as amended (45 U.S.C. 160), I hereby create a board of three members, to be appointed by me, to investigate this dispute. No member of the board shall be pecuniarily or otherwise / interested in any organization of railroad employees or any carrier. The board shall report its finding to the President with respect to the dispute within 30 days from the date of this Order.
    [Show full text]
  • Rail Harmonization in Mexico and North America: Implications for Agriculture
    RAIL HARMONIZATION IN MEXICO AND NORTH AMERICA: IMPLICATIONS FOR AGRICULTURE Barry E. Prentice,Wade Derkson and Arnold Maltz INTRODUCTION The North American railway landscape has changed significantly and irreversibly in the last few years. A "NAFTA railroad" has emerged with the acquisition of the Illinois Central (IC) by Canadian National (CN) and the subsequent marketing agreement with the Kansas City Southern (KCS). The largest Canadian railway, itself privatized only a few years ago, now offers single-line access to the Mexican market with the privatized Transportacion Ferroviario Mexicano (TFM). From a shipper's perspective, the new map of North America increasingly resembles a hyperlinked web page, "with the shipper able to start anywhere and end up in places he or she never imagined." (Possehl, 1998). Few North American shippers would have imagined a railway system that could include the much- maligned Mexican rail links. However, the once disparate parts of the North American rail network have re-emerged under private control with the promise of integrating NAFTA trade, and in particular, the trade of agricultural products. This paper examines the implications of the Mexican rail concessions for NAFTA trade of agricultural products. Specifically the paper focuses on whether or not privatization, particularly of the rail links in the Northeast (TFM) and the Pacific North (Ferromex), are likely to support overland movement of agricultural products within the three NAFTA signatories. The effect of rail privatization on freight rates is especially important because the geographic flow patterns of low-valued bulky agricultural commodities such as grains are sensitive to transport and logistics costs.
    [Show full text]
  • ANNUAL REPORT PURSUANT to SECTION 13 OR 15(D) of the SECURITIES EXCHANGE ACT of 1934 for the Fiscal Year Ended December 31, 2020 Or
    20 Annual 20 Report KANSAS CITY SOUTHERN Kansas City Southern is a transportation holding company with two primary subsidiaries. The Kansas City Southern Railway Company is one of seven Class I railroads operating in the United States. Kansas City Southern de México, S.A. de C.V. is one of two large regional railroads in Mexico. KCS also owns 50% of the Panama Canal Railway Company in Panama. The combined North American rail network comprises approximately 7,100 route miles, including trackage rights, that link commercial and industrial markets in the United States and Mexico. 2020 FINANCIAL HIGHLIGHTS 2020 2019 2018 2017 OPERATIONS Revenues $ 2,632.6 $ 2,866.0 $ 2,714.0 $ 2,582.9 Operating income 1,003.0 886.3 986.3 921.6 Net income attributable to Kansas City Southern and subsidiaries 617.0 538.9 627.4 962.0 PER COMMON SHARE Earnings per diluted share $ 6.54 $ 5.40 $ 6.13 $ 9.16 CLOSING STOCK PRICE RANGES Common - High $ 204.13 $ 155.10 $ 119.88 $ 113.44 Common - Low 100.54 92.87 90.84 80.82 4% Non-Cumulative Preferred - High 35.01 32.14 33.07 29.50 4% Non-Cumulative Preferred - Low 24.88 24.11 24.50 26.75 FINANCIAL CONDITION Total assets $ 9,964.0 $ 9,786.8 $ 9,469.8 $ 9,198.7 Total debt, including short-term borrowings 3,770.8 3,246.0 2,689.4 2,619.4 Total stockholders’ equity 4,057.2 4,422.5 4,813.0 4,548.9 Total equity 4,383.6 4,745.9 5,132.7 4,865.4 COMMON STOCKHOLDER INFORMATION AT YEAR END Stockholders of record 2,029 1,952 2,063 2,141 Shares outstanding (in thousands) 91,047 96,116 100,897 103,037 Average diluted shares outstanding (in thousands) 94,315 99,747 102,270 105,040 LETTER TO OUR The COVID-19 pandemic, and resulting economic downturn, impacted all STOCKHOLDERS aspects of Kansas City Southern’s (KCS or the Company) operations, resulting in an exceptionally challenging year.
    [Show full text]
  • Final-Ufac-Annual-Report-2007
    January 25, 2008 The Honorable Mayor, Tom Leppert Councilmember Pauline Medrano Chairperson, Quality of Life and Government Services Committee City of Dallas 1500 Marilla St., Room 5FN Dallas, Texas 75201 Re: Dallas Urban Forest Advisory Committee Annual Report and 2008 Goals Dear Mayor Leppert and Councilmember Medrano, The members of the City of Dallas Urban Forest Advisory Committee wish to extend our sincere appreciation to you for your continuing support and commitment to the advancement of urban forest initiatives in the City of Dallas. The committee enjoyed tremendous success in reaching many important goals and objectives as well as addressing the many challenges we faced. As a result, we are very pleased to present our Annual Report detailing significant progress in many critical areas. In 2007, committee members, advisors and Citizen Foresters contributed 3,775 hours of expert/professional time as volunteers with a value of $ 284,223.00 toward improving our green infrastructure (details in reference section). To date, the committee raised $79,410.00 in donations and grants. In general, our region is beginning to understand that we are all responsible for the environment we leave for future generations. As a result, the “green” movement is gaining momentum. This bodes well for the future public support of urban forestry in Dallas as well as in our region. Recent scientific research shows that for every dollar ($1.00) spent on urban forestry, over five dollars ($5.00) in benefits are received by the public. As the public learns of the direct correlation between trees and our air quality, stormwater runoff, heat island effect and much more, support for urban forestry will continue to grow.
    [Show full text]
  • Kansas City Southern 2003 Annual Report
    KANSAS CITY SOUTHERN 2003 ANNUAL REPORT OPERATING FOR THE LONG HAUL Kansas City Southern is a transportation holding company whose primary subsidiary, The Kansas City Southern Railway Company, is one of seven Class I railroads in the United States. KCS also has investments in Grupo TFM in Mexico and the Panama Canal Railway Company in Panama. The combined North American rail network comprises approximately 6,000 miles of rail lines that link commercial and industrial markets in the United States and Mexico. Cover: Frank Newman, Carman, Baton Rouge, LA. © 2002 Robert Fenton Houser KANSAS CITY SOUTHERN 2003 FINANCIAL HIGHLIGHTS Dollars in Millions, Except per Share Amounts, Years Ended December 31 2003 2002 2001 2000 1999 OPERATIONS (i) Revenues $ 581.3 $ 566.2 $ 583.2 $ 578.7 $ 609.0 Operating income 29.1 48.0 55.4 57.8 64.1 Income from continuing operations before cumulative effect of accounting change 3.3 57.2 31.1 16.7 10.2 Net income (ii) 12.2 57.2 30.7 380.5 323.3 FINANCIAL CONDITION Working capital $ 133.3 $ 29.9 $ 7.3 $ (30.1) $ (45.7) Total assets (iii) 2,152.9 2,008.8 2,010.9 1,944.5 2,672.0 Total debt 523.4 582.6 658.4 674.6 760.9 Common stockholders’ equity (iii) 764.6 746.8 674.2 637.3 1,277.0 Total stockholders’ equity (iii) 963.7 752.9 680.3 643.4 1,283.1 PER COMMON SHARE (i) Earnings (loss) per diluted share from continuing operations before cumulative effect of accounting change $ (0.04) $ 0.91 $ 0.51 $ 0.28 $ 0.17 Dividends per share – – – – 0.32 Book value (iv) 12.30 12.22 11.38 10.96 8.36 STOCK PRICE RANGES (i) Preferred
    [Show full text]
  • The Connection Master Plan (2011)
    th e conn ction 2011 1 Acknowledgments Prepared for: City of Dallas Parks and Recreation Department Paul Dyer, Director Willis Winters, Assistant Director Richard Ritz, Project Manager The Friends of the Katy Trail The Friends of the Trinity Strand Trail City of Dallas Prepared by: Schrickel, Rollins and Associates, Inc. Victor Baxter, RLA, Principal-in-Charge Janna Tidwell, RLA, Project Manager Joe Bradley, PE, Project Engineer Spencer Freeman, RLA, Trail Planner Son Ngo, PE, Structural Engineer Stephanie Sigler, RLA, Graphics/3-D Animation Kenny Kowis, RLA, 3-D Animation Subconsultants: Bowman-Melton Associates, Inc., Agency Coordination & Trail Planning Jaster Quintanilla, Survey & Boundary, Hydraulics & Hydrology Apex Consultants, Cost Estimating Yaggi Engineering, Electrical Engineer Citizen’s Advisory Committee (CAC) Robin Baldock, Executive Director - Friends of the Katy Trail Philip Henderson, Chairman of the Board - Friends of the Katy Trail Shelly White, Executive Director - Friends of the Trinity Strand Trail Mike Kutner, Former Chair Person - Friends of the Trinity Strand Trail Technical Advisory Committee (TAC) Leong Lim, PE, City of Dallas Parks and Recreation Richard Ritz, RLA., City of Dallas Parks and Recreation David Garcia, City of Dallas Floodplain Administrator Edwin Danny Bailey, Trinity Railway Express Patricia Brierre, Dallas Area Rapid Transit Victor Ibewuike, Dallas Area Rapid Transit Mark Bouma, North Texas Tollway Authority Sue Hounsel, City of Dallas th Richard Mason, Texas Department of Transportation connection 2 A ribbon of green unites people to urban, vibrant and emerging places. 3 It is a place for those who exercise and commute. 4 It is a place for relaxation. 5 It restores life back into a river.
    [Show full text]
  • August23, 2017 WHEREAS, on April 28, 1999, City Council Authorized the Submission, Acceptance and Implementation of City of Dall
    COUNCIL CHAMBER 171305 August23, 2017 WHEREAS, on April 28, 1999, City Council authorized the submission, acceptance and implementation of City of Dallas candidate projects for the Congestion Mitigation Air Quality Program (CMAQ) by Resolution No. 99-1 459; and WHEREAS, Katy Trail was accepted in March 2000 as a candidate project in the First Call for Projects in the CMAQ under the Transportation Equity Act of the 21st Century (TEA-21); and WHEREAS, on May 23, 2001, City Council authorized submission of the list of candidate projects for the Texas Department of Transportation Statewide Transportation Enhancement Program Call for Projects and authorized acceptance and implementation of the projects selected by the Texas Transportation Commission for this program by Resolution No. 01-1 667; and WHEREAS, on October 10, 2001, City Council authorized a professional services contract with Washington Infrastructure Services, Inc. for engineering services for bicycle and pedestrian enhancements on Phase III of the KATY Trail extension from McCommas Boulevard at North Central Expressway to Sandhurst Lane just west of Skillman Street and from Lyte Street at north Houston Street to Levee Street at Manufacturing Street, in an amount not to exceed $234,190.00, by Resolution No. 01-3024; and WHEREAS, on October 10, 2001, City Council authorized an Interlocal Agreement with the Texas Department of Transportation for design, right-of-way acquisition, utility relocations, and construction of bicycle and pedestrian enhancements for Phase III of the KATY Trail extension from McCommas Boulevard at North Central Exressway to Sandhurst Lane just west of Skillman Street and from Lyte Street at north Houston Street to Levee Street at Manufacturing Street, in an amount not to exceed $6,200.00, by Resolution No.
    [Show full text]