Canadian Pacific's Board of Directors, significantly revamped last month through a proxy battler led by New York-based Pershing Square Capital Management, continues to change as David Raisbeck now has resigned from the board, citing personal reasons.
A study being released Tuesday by the Bay Area Council Economic Institute says California's Caltrain service upgrades, including overhead electrification, "will create thousands of construction jobs, significantly increase property values, and generate billions of dollars in overall economic benefits."
Calling it a “newly relaxed Bike Aboard Policy,” New Jersey Transit Monday said it will allow bicycles to board at all of its train stations effective July 1.
Schneider National, Inc. said Monday it has reached an agreement with CSX Transportation to broaden its services in northwestern Ohio. The agreement expands Schneider's intermodal service to now include two rail ramps in the Buckeye State: Marion and North Baltimore.
Aided by New York's first successful application of Communications Based Train Control (CBTC), New York City Transit's L Line will add service frequency June 9 in response to rapidly growing ridership demand.
Time to tag us light rail transit (LRT) advocates with a new label, now that LRT and streetcars are slowly but inexorably re-establishing their presence on the U.S. landscape.
Holland L.P. affirmed Thursday that it has acquired the Railway Securement Business of L.B. Foster. Terms of the transaction remain undisclosed.
Resuming a pattern repeated through much of 2012, U.S. freight carload volume for the week ending June 2, 2012, fell short of the comparable week in 2011, down 3.1%, after gaining ground in the previous week, the Association of American Railroads reported Thursday. Continuing its winning streak, U.S. intermodal volume for the week was up 4.1% compared with the same week last year.
Alstom Thursday said it has signed a signaling system contract worth 17 million euros ($21.4 million) with WSW mobil GmbH to install an ERTMS1-based train command and control system on the 13.3-kilometer (8.2-mile) Wuppertaler Schwebebahn line. The Schwebebahn, or monorail, began service in 1901.
Portland, Ore., suburb Milwaukie has approved a plan to pay off $4.1 million it owes to TriMet over the next 19 years, though the particulars for payment are not yet all resolved.