Investors on Wall Street, watching events at Canadian Pacific carefully throughout the week, continued to reward the company Thursday for its apparent—and now affirmed—shakeup of CP's Board of Directors.
The trends, both good and bad, continue for U.S. freight traffic ending the week of May 12, 2012, the Association of American Railroads reported Thursday. U.S. freight carload traffic fell 5.2% from levels recorded in the same week one year ago, while U.S. intermodal volume notched another weekly gain, up 3.1%, compared with the same week in 2011.
Operation Lifesaver Thursday cautioned professional photographers to be aware of the risks of taking photos of high school seniors and wedding parties on train tracks or trestles.
In a sweeping move, Canadian Pacific early Thursday announced not only the departure of President and CEO Fred Green—a move widely expected—but also the declaration of six existing directors not to stand for re-election. Green's departure was effective "immediately"; he also will not stand for re-election as a director.
Parsons Brinckerhoff said Wednesday it has been awarded two significant contracts covering design of both high speed and 'conventional' railway systems for Britain's second high speed rail line, linking Birmingham and London's Euston Station.
On June 23, GO Transit will begin running a summer weekend GO Train service pilot along its Barrie line, which runs north from Toronto toward Lake Simcoe. This service pilot will operate on Saturdays, Sundays, and holidays between June 23 and September 3, GO Transit says.
HBO’s original series on American obesity, “The Weight of a Nation,” lacks transportation heft.
The Surface Transportation Board on May 14 approved a request by Iowa Pacific Holdings to reopen a rail route deep in Adirondack State Park, N.Y., dismissing protests from an environmental group seeking to block reactivation.
The American Public Transportation Association (APTA) and Building America’s Future (BAF) Tuesday released a study predicting that record numbers of Americans will turn to public transportation as a cost-cutting measure in the face of volatile gas prices.
TÜV Rheinland said Monday it is celebrating 140 years of delivering premier independent certification, testing, and assessment services to businesses around the world.
Invensys Rail Corp. has acquired privately held PHW, Inc. from the current owner/managers for up to $24 million. Invensys says the acquisition was completed May 10. Pittsburgh-based PHW, Inc. will operate as a wholly owned subsidiary of Invensys Rail Corp.
Construction of the Central Corridor LRT Project is 50% complete, with a 75% mark anticipated by the end of the year, according to the Metropolitan Council, which among other duties oversees light rail construction in Minnesota's Twin Cities.
Amtrak's Gateway Tunnel project, designed to add rail capacity on the Northeast Corridor under the Hudson River, will get its "fair share" of fiscal support from New Jersey, the state's transportation commissioner says.
Amtrak Friday unveiled its long-anticipated reorganization of its Operations management structure, saying it has created "four business lines to establish clear accountability for the financial performance of individual trains and to improve customer service delivery." The Operations reorganization plan will be rolled out in phases during the next 16 months, with full transition to the new structure in October 2013.
BART's Board of Directors Thursday approved an $896 million contract with Bombardier Transportation for 410 cars to replace its aging rapid transit fleet, covering much of BART's self-prescribed need for 775 cars, replacing its current fleet of 669. But the Board's decision, and the materials involved in the order, is not without controversy.
The Obama Administration Thursday warned California officials it might rescind $3.3 billion in federal funding for the state's proposed high speed rail network, if the state legislature does not act by next month to appropriate state funding for the project.
Amtrak's Adirondack has been plagued for years by extensive border delays in both directions to its New York-Montreal journey due to both U.S. and Canadian customs clearance procedures. Now, spurred by U.S. Sen. Charles Schumer (D-NY), the railroad and both nations may be able to reduce delays.
Amtrak said Friday schedules for its Wolverine Service and Blue Water passengers had been restored to normal, following extensive and expeditious trackwork along much of the route by landlord Norfolk Southern.
In line with much of 2012, U.S. freight carload traffic for the week ending May 5, 2012 failed to keep pace with 2011 levels, down 2% measured against the comparable week last year, the Association of American Railroads said Thursday. In contrast, U.S. intermodal continued its sustained improvement, up 3% for the week compared with last year.
The American Short Line & Regional Railroad Association has named Tyrone James, vice president of Safety & Compliance at Genesee & Wyoming, as the winner of this year's Safety Professional of the Year Award. ASLRRA also announced that Aaron Willet, superintendent of Operations at the Illinois Railway, as the winner of its 2012 Safety Person of the Year award.