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.
Canadian Pacific and the United Steelworkers (USW) Local 1976, which represents approximately 800 clerical and intermodal workers, have entered into a five-year agreement effective Jan. 1, 2013. The current contract was due to expire Dec. 31, 2012.
The Pacific Northwest Association of Rail Shippers fall meeting in Eugene, Ore. was instructive, to say the least. I thought the session theme—“What do you want your railroad to look like in five years?”—was particularly fitting, given the slow volume improvement from the 2006-7 peaks and the better operating metrics over the same time.
Wall Street analyst William Greene of Morgan Stanley Research
North America is telling investors in the rail sector that Canadian Pacific Railway, under the direction of newly appointed chief executive E. Hunter Harrison, “could be the most compelling railroad investment opportunity for the next three years.”
The Michigan Department of Transportation (MDOT) has awarded an on-call contract to Parsons Brinckerhoff (a Balfour Beatty company) for construction services in support of the agency’s efforts to implement accelerated rail services along the higher-speed rail (HrSR) corridor between Chicago and Pontiac/Detroit.
The Port Authority of New York & New Jersey reported July 31 that ExpressRail, its rail system serving New York and New Jersey marine terminals, reported a record 10% increase in cargo transported during the first half of 2012.