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.
This summer’s proposal by Rep. John Mica (R-Fla.) to privatize Amtrak would violate the Takings Clause of the U.S. Constitution, the nonpartisan Congressional Research Service says. Though Mica’s proposal has seemed unlikely to gain traction in Congress this year, particularly within the Democrat-controlled Senate, the issue of privatization has put added political pressure on the National Railroad Passenger Corp. this year, despite record ridership. CRS finds “little doubt” that the bill meets three prerequisites for protection under the takings clause.
Rep. Nick Rahall, D-W.Va., said the report validates the position of those who object to the Mica plan. “The ideals enshrined in the Constitution by our founding fathers have guided our nation for centuries, and Republicans should not railroad these principles in their flawed rush to privatize Amtrak,” he said. CRS, created in 1914, has about 900 employees.
TheBoard of Directors also approved a 12 cents per share quarterly dividend on thecompany’s common stock. The dividend is payable on Sept. 15, 2011, toshareholders of record at the close of business on Aug. 31, 2011.
Ottawa’s City Council Thursday unanimously approved a revised C$2.1 billion light rail transit plan for a 12.5-kilometer (7.7-mile) route between Tunney's Pasture and Blair Road via a downtown tunnel along Queen Street. The revised plan focused on keeping the project cost at C$2.1 billion, mostly by adjusting tunnel plans under Queen Street to a shallower depth. City Treasurer Marian Simulik said the city can afford to pay for the project under current plans. Public comment was offered at the meeting prior to the decision, with most speakers offering support for the plan.