Railway Age News

Railway Age News
Mitsui Rail Capital, LLC (MRC) has promoted Daniel Penovich to President and Chris Gerber to Vice President of Sales and Marketing. Both MRC executives have extensive experience with MRC as well in the railroad and railroad leasing business.

U.S. rail traffic for the week ending Aug. 16, 2014 kept its winning streak rolling, the Association of American Railroads said Thursday, Aug. 21.

Miner Enterprises, one of the railroad industry’s longest-standing supply companies, in 2014 is celebrating 120 years in business.

Wabtec Corp. said Thursday, Aug. 21, 2014 it has acquired Dia-Frag, a manufacturer of friction products based in Monte Alto, Brazil. Dia-Frag has annual sales of about $40 million. Wabtec did not disclose any financial details of acquisition.

The first of Toronto’s 204 new Bombardier-built, 100%-low-floor streetcars will debut on the Toronto Transit Commission’s 510 Spadina line Aug. 31, 2014.

One day after Oregon denied a permit for a coal export terminal on the Columbia River, a separate state body has approved plans to expand a crude-by-rail (CBR) transfer terminal serving trains and barge traffic.

Seeking to maintain recent momentum to add light rail transit, the Chesapeake, Va., City Council on Tuesday, Aug. 19, 2014 voted to officially ask Hampton Roads Transit, operator of The Tide LRT, to help Chesapeake locate adequate funding for a $1.8 million study of the proposal.

Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-July 2014 rose 1.94% to 167, 138, from mid-July 2013, and also added 99 positions from mid-June 2014, a rise of 0.6%.

New York Air Brake LLC and Knorr-Bremse Group sister company Bendix Commercial Vehicle Systems LLC, working in conjunction with Rochester Institute of Technology (RIT), have created the Knorr-Bremse North America Mechatronics Laboratory at RIT’s Kate Gleason College of Engineering in Rochester, N.Y. The laboratory will open this fall and serve both RIT students and engineers from Bendix and New York Air Brake.
Chronic laxity by Canada’s transportation regulator is identified by the country’s accident investigator as the primary underlying cause of the July 6, 2013 derailment and explosion at Lac-Mégantic, Quebec, of a Montreal, Maine & Atlantic train carrying 7.7 million liters of mislabeled crude oil from North Dakota’s Bakken shale formation to Irving Oil’s refinery at Saint John, N.B.
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