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.
No progress has been made in contract talks between the New Jersey Transit Rail Labor Coalition, which consists of 11 unions representing more than 4,000 workers, and NJ Transit. A strike or lockout may occur in Mid-March, leaving tens of thousands of rail passengers without service.
Canadian Pacific on Thursday, Feb. 11, 2016 launched a new website, CPconsolidation.com, purporting the nenefits of its proposed acquisition of Norfolk Southern. The website launch came two days after CP notified NS of its intent to submit a resolution to NS shareholders to ask their board of directors to engage in discussions with CP regarding a merger.
The Federal Transit Administration on Feb. 10, 2016 highlighted $3.5 billion recommended in President Obama’s Fiscal Year 2017 federal budget to advance the construction or completion of 31 public transit projects in 18 states, including 15 first-time funding recommendations. The projects would be funded through the FTA Capital Investment Grant (CIG) Program.
In what some industry observers believe may be a final attempt—short of a proxy battle—by hedge fund head Bill Ackman at a hostile takeover of Norfolk Southern, Canadian Pacific on Feb. 9, 2016, notified NS of its intent to submit a resolution to NS shareholders “to ask their board of directors to engage in good faith discussions with CP regarding a business combination transaction.”
In comments filed with the Surface Transportation Board’s Ex Parte 726, Notice of Proposed Rulemaking on On-Time Performance under Section 213 of the Passenger Rail Investment and Improvement Act of 2008 (PRIIA), Amtrak says that the only viable method of measuring passenger train on-time performance on a host freight railroad is one that includes intermediate stations as well as endpoints.
A U.S. Class I railroad has awarded Duos Technologies Group, Inc. a contract for a Vehicle Undercarriage Examiner (vue™) imaging system. The name of the railroad was not disclosed.
For a fourth consecutive season, CSX and Front Row Motorsports will join forces to promote public safety around railroad tracks with the No. 34 “Play It Safe” Ford Fusion in NASCAR’s 2016 Sprint Cup Series. This season, 2015 Xfinity Series Champion and 2016 Sprint Cup Series Rookie of the Year candidate Chris Buescher will drive the 34, which will be powered by Ford engines sourced from Roush-Yates Engines.
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a new analysis by RBN Energy.
2018 or 2020, whatever the case may be, isn’t very far off. According to a Positive Train Control implementation chart published on the Federal Railroad Administration website, 30 out 37 U.S. freight and passenger railroads required to have PTC—roughly 80%—will have the technology in place by the year-end 2018 extended deadline.
The Greenbrier Companies, Inc. has promoted two senior-level executives to new positions. CFO Mark J. Rittenbaum, has been promoted to the newly created position of Executive Vice President, Commercial, Leasing and Finance. Lorie L. Tekorius, Senior Vice President and Treasurer, has been promoted to Senior Vice President, CFO and Treasurer. Both report to Chairman and CEO William A. Furman.