KEY PROJECTS
Main Line has completed projects for more than 100 clients since its founding in 1988. In recent years, these projects have included:
CFR (Romania)
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 potential.
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.
RailAmerica
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.
TransAP (Chile)
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.
Canadian Pacific
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.
Pennsylvania DOT
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)
Main 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 values.
