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.
Ontario's provincial government intends to end fiscal support of Ontario Northland Transportation Commission, which oversees the Ontario Northland Railroad, which receives C$103 million a year in provincial fiscal support.
Pittburgh's light rail transit system officially added 1.2 route miles Sunday for revenue service, as the North Shore Connector began operations linking its namesake neighborhood with the city's downtown.
FreightCar America, Inc. on Monday said it has named three individuals to manage its newly restructured commercial organization "to more directly present the full range of FreightCar America and FreightCar Rail Services products to its customers."
Bombardier Transportation said Monday it has opened its second state-of-the-art development and test laboratory, the MITRAC Powerlab, in Västerås, Sweden, which will serve as Bombardier's central competence center for medium power propulsion technology.
Exhibit space is now available for the RSI/CMA 2012, set for Sept. 23-25 at the Sheraton Chicago Hotel & Towers in Chicago. Railway Supply Institute exhibits will be held in conjunction with the Coordinated Mechanical Association's technical sessions.
New South Wales government officials in Australia have announced that the state has acquired Metro Transport Sydney (MTS), the company that owns monorail and light rail operations, in an A$19.8 million (US$20.6 million) deal. The acquisition is part of a plan to redevelop the Darling Harbour Convention Centre and precinct in Sydney, Australia's largest city with a population of roughly 4.6 million.
CN Thursday said it plans to acquire 65 new high-horsepower locomotives, augmenting that purchase with one of 96 second-hand high-horsepower locomotives that will be upgraded, or 161 locomotives in all.
"Temper, temper, Toronto," was my first reaction. Far be it for a Jersey boy to throw stones at Toronto for manners. I'm not Emily Post, and my governor isn't above verbally hailing (or verbally mauling) a military veteran as an "idiot." Still, this week's political fireworks in Toronto City Council chambers, while a victory for passenger rail reason, was pretty tempestuous by anyone's standards, let alone a blow to the U.S.-cherished (and lovingly mocking) idea of Canadian civility.
Florida East Coast Industries, Inc., is developing a plan to own and operate passenger rail service between South Florida and Orlando.
A second day of debate by the Toronto City Council Thursday resulted in the council's affirming more light rail transit (LRT) for Canada's largest city, rejecting Toronto Mayor Rob Ford's preference for subways-only construction.