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.
Operation Lifesaver has taken note that deaths and injuries from crossing crashes and pedestrian-train incidents rose in the first four months of 2012 compared to the same period in 2011.
The Wall Street Journal has named Union Pacific Chief Financial Officer Rob Knight to its “Best CFOs of 2012 List.” Knight, CFO since 2004, is the only transportation sector CFO to make the list.
CAF Power & Automation “offers a full range of services worldwide, with particularly strong market presence in India, China, the U.S., Brazil, Poland, and Asia-Pacific,” the company said in announcing the merger. “The major lines of work and products are traction invertors; energy storage systems; control, supervision, and recording systems; passenger information systems; multimedia platforms; communications systems; definition and development of embedded systems; and industrial electronic control systems.
New York Air Brake has appointed Michael J. Hawthorne as president, effective July 1, 2012, upon the retirement of J. Paul Morgan.