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.
Bombardier Transportation said Monday its technology offerings are helping India’s Delhi Metro Rail Corp. (DMRC) to become the first railway project in the world to receive valuable carbon credits for regenerative braking.
The company’s MOVIA metro trains used by the Delhi Metro incorporate the Bombardier MITRAC propulsion system and regenerative braking, which can generate up to 30% in energy savings. This environmental technology has contributed to Delhi Metro earning more the equivalent of $446,000, or 308,000 euros, under a United Nations-backed initiative to combat climate change. Within the United Nations Clean Development Mechanism (CDM), the Delhi Metro Rail Corporation has claimed Certified Emission Reductions (CERs) – normally referred to as carbon credits. The CDM enables emission-reduction projects to earn carbon credits, each equivalent to one tonne of CO2. These carbon credits can then be traded and sold, thereby stimulating sustainable development and emission reductions.Through the sale of carbon credits over two years as part of the scheme, Delhi Metro has received the cumulative remuneration of 20 million Indian rupees. The initiative has also led Delhi Metro to become the first railway project based on regenerative braking to be registered by the United Nations Framework Convention on Climate Change. Anuj Daihal, chief public relations officer of DMRC, said: “We are extremely proud of our achievement in improving the energy efficiency of our metro system and becoming the first railway project to benefit from this important U.N. initiative relating to climate change. Bombardier Transportation has supported us by supplying modern, highly energy-efficient trains, which are also greatly appreciated by the travelling public for their comfort and convenience.” He added: “The money earned from the sale of carbon credits will be used to offset the investment and operation costs in the implementation of our extensive network development, as well as furthering our efforts in combating climate change.” Bombardier Transportation is supplying 538 MOVIA metro cars to Delhi Metro, with more than 410 already in revenue service.
Canadian National customers continue to reap benefits from the railroad's system-wide productivity push. Scheduled potash rains provide the latest evidence.
Sen. Frank Lautenberg (D-N.J.) and Rep. Jim McGovern (D-Mass.) have introduced House and Senate versions of the Safe Highways and Infrastructure Preservation Act, which would freeze national truck size and weight limits on the interstate highway system. Rep. Frank Wolf (R-V.A.) is the lead co-sponsor of H.R. 1574.
CSX Corp., a Wall Street favorite because of its high earnings and low operating ratio, announced moves today that are likely to strengthen its appeal to investors. CSX announced that its directors have approved a 3-for-1 stock split, a 38% increase in the quarterly dividend on its common stock, and a $2 billion share buyback program.
Following L.B. Foster’s acquisition of Portec Rail Products, Inc. in mid-December, 2010, the company has formed “a new business team focused on enhancing its global leadership position in wheel/rail interface solutions,” L.B. Foster said today. The new organization is named L.B. Foster Friction Management.
U.S. freight carload traffic moved up 0.3% during the week ending June 11, measured against the comparable week one year ago, the Association of American Railroads reported Thursday. U.S. intermodal volume for the week advanced 6.4% from the same week in 2010.
Alstom said Wednesday its Board of Directors has approved “a major reorganization of the company” proposed by Chairman and CEO Patrick Kron (pictured below), to take effect July 4, 2011.
Calculating the potential business generated by recent federal high speed rail dollars apportioned to Amtrak’s Northeast Corridor and other Northeast rail locations, HNTB Friday announced it has added four rail experts to its Northeast Division.
By a 9-2 vote, the Waterloo Regional Council Wednesday approved a C$818 million rail plan to serve a large swath of Toronto’s western suburbs.