With Railway Age since 1992, Bill Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age's leadership position in industry affairs with the conferences he conducts on operating passenger trains on freight railroads and communications-based train control.
Strato, Inc.’s StratoMAX F51AE F-Style knuckle has passed the Association of American Railroads (AAR) M-216 fatigue life cycle test. This specification requires an average fatigue life of at least 600,000 cycles.
Rail freight traffic continues to recover this year, and the industry posted its safest year on record last year, the Association of American Railroads (AAR) reported on March 22. Coal continues to recover at a strong pace.
Cowen and Company analyst Matt Elkott has upgraded American Railcar Industries (ARI) to Outperform from Market Perform, “as earnings and fundamentals have not only remained stable but improved further on the frac sand front. Our confidence in our above-consensus estimates has grown, and our channel checks suggest rising interest in lease fleets. Meanwhile, valuation has compressed over the same period. Our new PT is $45 (16.5x our 2018 EPS estimate) vs. $44 previously.”
The Trump Administration’s proposed budget for Fiscal Year 2018, which would eliminate the Federal Transit Administration New Starts grant program that supports building new mass transit projects around the country, “would cause far-reaching impacts on the construction of voter-approved projects in the Puget Sound region,” Sound Transit said on March 21.
The Conference of Minority Transportation Officials (COMTO) has presented Greater Cleveland Regional Transit Authority (RTA) Deputy General Manager-Finance and Administration Loretta Kirk with its 2017 Women Who Move the Nation Award.
The locomotive refueling track in TransNet’s San Ysidro Yard in San Diego, Calif., received an environmentally friendly improvement with the addition of new, custom-designed spill-containment pans from Trans Environmental Systems, Inc. (TESI).
Transportation industry veteran Ralph Ehlers has joined Parsons Corp. as Vice President of Rail and Transit, Canada, based in Markham, Ontario.
Eliminating Amtrak’s long-distance trains, curtailing the FTA’s New-Starts program, eliminating the TIGER (Transportation Investment Generating Economic Recovery) discretionary grant program, and privatizing the FAA air traffic control system are among the elements of President Donald J. Trump’s Fiscal Year 2018 Budget Request to Congress, “America First, A Blueprint For Making America Great Again.”
The Association of American Railroads (AAR), in reporting U.S. rail traffic for the week ending March 11, 2017, noted that total U.S. weekly rail traffic was 510,638 carloads and intermodal units, up 4.4% compared with the same week last year. Coal, seemingly on the rebound, rose nearly 12%.
Wabtec Corp. has acquired Aero Transportation Products (ATP), a manufacturer of engineered freight car components with annual sales of about $40 million.