Railway Age News
Gains in intermodal helped offset a downturn in carload traffic during the month of March 2015, the week ended March 28 and the year’s first quarter, the Association of American Railroads reported.
Mitsui & Co. Ltd. has entered into an agreement with JA Mitsui Leasing Ltd. (JAML) and The Norinchukin Bank for their participation in Mitsui Rail Capital LLC (MRC), which operates a railcar leasing business in North America. JAML and Norinchukin will acquire shares of MRC through their newly established special purpose company, JAML MRC Holding, Inc. (JMRCH). Following this transaction, Mitsui and JMRCH will hold 50% of MRC’s equity shares, respectively.
The Washington Metropolitan Area Transportation Authority (WMATA) system's first 7000-series metro train from Kawasaki Rail Car USA will enter passenger service April 14, on the Blue Line.
Norfolk Southern launched a $53 million energy conversion project at its Juniata Locomotive Shop in Altoona, Pa., that will substantially reduce carbon emissions and water usage at the historic 70-acre facility.
U.S. Transportation Secretary Anthony Foxx on Monday, March, 2015 sent a six-year transportation bill to Congress, the "Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America," or GROW AMERICA, Act.
Genesee & Wyoming Inc. on March 25, 2015 completed the acquisition of approximately 94% of Britain’s Freightliner Group Ltd. for approximately US$733 million (at current exchange rates), plus the assumption of approximately US$29 million (at current exchange rates) of net debt and capitalized leases.
A strong showing for intermodal offset a drop in carload volume on North American railroads for the week ending March 21, 2015, the Association of American Railroads reported.
The American Short Line Rail and Regional Association (ASLRRA) has announced the winners of its 2014 Safety Awards, including Safety Person of the Year, Safety Professional of the Year, Most Improved Award, the President’s Awards, Jake Awards with Distinction, and Jake Awards.
Thursday, March 26, 2015 Written by David Thomas, Contributing Editor
Tank car builder The Greenbrier Companies is urging the White House Office of Management and Budget to disregard advice by the company’s own industry trade group, the Railway Supply Institute-Committee on Tank Cars (RSI-CTC), and proceed full speed ahead with the U.S. Department of Transportation’s proposed schedule for fleet renewal.
Siemens has officially been awarded a €1.7 billion (US$1.86 billion) contract by Germany’s Rhine-Ruhr Transport Authority (VRR) to supply 82 Desiro High Capacity (HC) EMUs for the Rhine-Ruhr Express (RRX) network and maintain the fleet for 32 years.