Main Line has completed projects for more than 100 clients since
its founding in 1988. In recent years, these projects have included:
For CFR, as a subcontractor to Seneca Group, Main
Line provided assistance in identifying ways to increase the utilization
of the railroads track and real estate assets to increase revenue-generating
Texas Mexican Railway
For Tex Mex, Main Line has undertaken
several studies. These projects have included determining the replacement
cost new less depreciation value of all the railroad’s assets for
tax purposes, determining the net liquidation value of those assets for
financing, a review of railroad operations and expenditures, and assistance
with the project expanding Serrano Yard near Laredo.
Dakota Minnesota & Eastern
For DME, Main Line has completed
several studies. Main Line reviewed the operations and marketing plans
and financial projections associated with the DME acquisition of Iowa
Chicago & Eastern and determined the asset values for the lead financing
institutions. Main Line then determined the proper allocation of the
purchase price to each asset for GAAP purposes. Main line also determined
the net liquidation value of various jointly held assets for DME’s
RRIF loan application.
Main Line has completed more than 30 projects
for RailAmerica. For its mergers with RailTex, Park Sierra, and StatesRail,
Main Line developed net liquidation values of track and equipment that
were used by various financial institutions. Main Line determined Going
Concern Values and also analyzed the business plans, traffic forecasts,
and rehabilitation plans for each of these transactions. Main Line has
determined reconstruction cost new less depreciation values for several
properties, and the donation value of a rails-to-trails corridor, as
well as developing track charts for many of RailAmerica’s railroads.
Port Authority of New York and New Jersey
Main Line has completed
several studies for the Port Authority. One study analyzed competitive
rail access options for the North Jersey terminals, while another determined
the feasibility of the Port establishing its own shortline operation.
Main Line developed track charts and determined track conditions for
two shortline properties owned by the Port and developed operating plans
for serving these facilities. Main Line, as a subcontractor to CH2MHill,
determined operating requirements for a new intermodal terminal at the
Port and evaluated alternatives for serving an expanded rail terminal
on Staten Island.
Main Line identified suppliers of relay rail
and inspected the rail and other track materials being purchased for
a major line rehabilitation project to certify its condition.
Southern Tier Regional Planning Commission
Main Line undertook
an analysis of the potential market for bulk transfer and intermodal
operations in the Binghamton, NY region. This anaylsis was similar in
nature to other Main Line studies of the Palmer, MA; Ogdensburg, NY;
Wilkes-Barre, PA; York, PA; Corsicana, TX; and Vancouver, WA market areas.
Main Line has undertaking numerous projects
for Canadian Pacific and its Soo Line and Delaware & Hudson subsidiaries.
Main Line developed 5-year strategic business plans for both Soo Line
and D&H and analyzed the feasibility of providing commuter rail service
in the Montreal region. Main Line developed operations planning models
used in determining the design for new carload and intermodal terminals
at Bensenville (Chicago) and examined transborder traffic flows. Traffic
studies and operations plans were developed in analyzing various rail
mergers, including UP/CNW and CN/BN, as well as for eastern Canada rail
line rationalization planning.
Several projects have been completed by Main
Line for PennDOT. These have included a statewide comprehensive rail
freight study and an analysis of Amtrak’s Philadelphia-Harrisburg
corridor. Main Line provided assistance in analyzing the acquisition
of Conrail by CSXT and Norfolk Southern and has determined net liquidation
values on all of the state-owned rail lines.
Luzerne County (PA)
Main Line has completed several projects
for the Luzerne County Rail Authority. These projects have included a
determination of the net liquidation and corridor values of properties
being acquired, a condition assessment of various line segments, an analysis
of the market and operating plan for the Authority’s shortline,
the value of a sewer easement, and the corridor value of real estate
being provided for a rails-with-trails project.
Railroad Rehabilitation and Improvement Financing (RRIF)
Line has provided a number of services to shortlines and to the FRA in
conjunction with the RRIF loan program. Collateral asset values have
been developed for applications for Dakota Minnesota & Eastern, Iowa
Pacific Holdings, Montreal Maine & Atlantic, and Texas Mexican Railway,
while independent financial analyses and environmental studies have also
been concluded for Tex Mex. In addition, for the FRA, Main Line reviewed
the Riverport application to independently analyze the collateral asset