Railway Age News

Railway Age News
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more than doubling the company’s earnings per share.”
Shares of The Greenbrier Companies and Trinity Industries fell 10.2% and 7.7%, respectively, in afternoon trading on Wednesday, Oct. 1, 2014, one day after the deadline for final comments on the U.S. DOT Pipeline and Hazardous Materials Administration’s Notice of Proposed Rulemaking on tank cars carrying flammable liquids. Wall Street analysts attributed the stock plunge (which also affected American Railcar Industries, down 5.8%) to investor wariness over an “oil tank car rule fight.”
The Association of American Railroads on Sept. 30, 2014 submitted its comments on the U.S. Department of Transportation-Pipeline and Hazardous Material Safety Administration (PHMSA) NPRM (Notice of Proposed Rulemaking) on standards for tank cars carrying flammable liquids such as crude oil and ethanol. “When considering the final rule, the DOT should take into account not only the crude by rail safety measures outlined in the industry’s voluntary agreement with the DOT, but the fact that the increased movement of crude oil, in particular, represents America’s move toward energy independence,” said AAR President and CEO Ed Hamberger.

Wi-Tronix, LLC has announced "a new collaboration" with InStep Software "allowing Wi-Tronix to utilize InStep's PRiSM predictive asset analytics software in the company's locomotive remote monitoring services."

Metra reopened station platforms at its Downers Grove (Ill.) Main Street Station Wednesday morning, Oct. 1, 2014.

Federal, state, and local Los Angeles officials – along with a Hollywood personality – gathered Tuesday, Sept. 30, 2014 to mark the construction launch of the Regional Connector, a 1.9-mile underground tunnel designed to unite LA's light rail transit lines.

Mount Vernon, N.Y., and Metro-North Railroad have agreed to repair or replace three rail bridges on the New Haven Line at a cost of $10 million.

Continuing and mounting delays have forced Metropolitan Transit Authority of Harris County (Metro) from adding two new light rail transit lines to Houston's growing system.

The Greenbrier Companies, Inc. on Sept. 30, 2014, filed comments to the Notice of Proposed Rulemaking (NPRM) on HHFTs (High Hazard Flammable Trains)—hazmat tank cars carrying crude oil and ethanol—issued by the Pipeline and Hazardous Materials Safety Administration (PHMSA). The deadline for filing comments is Sept. 30.
Forty first-responders representing 30 communities around CSX’s railroad network have undergone crude-by-rail (CBR) incident response training at the Security and Emergency Response Training Center (SERTC) in Pueblo, Colo.
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