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.
North Louisiana & Arkansas Railroad, Inc. (NLA) has petitioned the Surface Transportation Board for authority to lease and operate a 21.8-mile line of railroad extending from a point near Lake Village in Chicot County, Ark., to a location near Louisiana Arkansas border. The line is owned by the Southeastern Arkansas Economic Development District.
Fairfield, Conn.-based General Electric Co. Wednesday advanced its latest television commercial highlighting various aspects of the company, this one featuring employees from GE Transportation's Erie, Pa., plant.
CN said Tuesday it would sell two rail segments in the Greater Toronto Area to Metrolinx for C$310.5 million.
Deliveries of bilevel passenger railcars to Massachusetts Bay Transportation Authority are up to 18 months behind schedule, with delays appearing to result at least in part due to previous problems endured by Hyundai Rotem USA.
New York's Metropolitan Transportation Authority Board of Directors is expected Wednesday to award a contract to Bombardier Transportation for 300 R179 subway cars.
The Fort Worth Transportation Authority (the "T") said its TEX Rail commuter rail project has been approved by the Federal Transit Administration "to advance to Preliminary Engineering." The authority made the announcement Monday at its Board of Directors meeting.
Shrugging off budget pressures and continued verbal attacks from New Mexico anti-rail partisans, New Mexico Rail Runner Express service will bolster its weekend schedule beginning Saturday, April 7.
Frederick A. Winkler, general agent of the Winchester & Western Railroad and a powerful voice within New Jersey railroading, died peacefully at his home in Clarksboro, N.J., on March 24, at age 83.
New York State Gov. Andrew Cuomo reportedly has brokered a deal with Republican state legislative leaders to fully fund the last three years of the Metropolitan Transportation Authority's five-year capital plan.