The California High-Speed Rail Authority Monday is expected to offer an updated estimate for construction and financing of a statewide high speed rail network. Cost estimates, which began at about $44 billion for 700 miles of right-of-way, had escalated to nearly $100 billion.
Granite Construction Inc. announced late Thursday that it and RailWorks Track Systems have been awarded a a $56 million contract by Tucson, Ariz., to build the city's 3.9-mile streetcar project. The two companies have formed a joint venture, Old Pueblo Trackworks, to perform the work.
MTA Long Island Rail Road long has had plans to provide diesel multiple-unit (DMU) service to its riders on both the North Fork and South Fork of the railroad's namesake territory. Those plans now have capital funding identified.
Bombardier Transportation said Friday it will deliver 16 TWINDEXX Vario multiple units to Deutsche Bahn AG (DB AG) for operation on the Kiel-Hamburg and Flensburg-Hamburg railway lines.
Unable to craft its own long-term surface transportation bill, and equally unable to agree to a Senate version already passed by the upper house, the House of Representatives Thursday managed to approve yet another extension of SAFETEA-LU, this one for 90 days.
Railway Age sister publication Railway Track & Structures launched a redesign with its March 2012 issue. The new look is designed to better reflect the progression and energy of the rail industry. RT&S has been redesigned to be more contemporary and easier to read.
U.S. freight carload traffic for the week ending March 24, 2012 fell significantly, down 7.2%, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday, continuing a decline that now has run for some time.
The Surface Transportation Board has initiated proposals to encourage more mediation and arbitration for the resolution of issues coming before the Board.
Electric multiple-unit (EMU) trains manufactured by China's CNR Changchun Railway Vehicles Co., Ltd. went into operation in Rio de Janeiro, Brazil, on March 20. An inaugural ceremony was held on that date.
Standard & Poor's on Tuesday upgraded Kansas City Southern's credit rating to B+ with a positive outlook, one level below an investment grade rating, which would further cut borrowing costs. The upgrade is based on stronger earnings along with lower debt and interest expenses.