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.
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.
Montana Rail Link (MRL) and the Northeast States for Coordinate Air Use Management (NESCAUM) have contracted with international engine heating technology company Hotstart to provide APUs (Auxiliary Power Units) on 61 diesel-electric locomotives.
Freight car builders and component suppliers have good reason to look at 2012 and beyond with renewed optimism and real confidence. That’s because, according to the most recent figures released by Economic Planning Associates, carbuilders received orders for no fewer than 89,073 cars and intermodal platforms, the highest annual level since EPA began tracking the market in 1980.
Doublestack clearance projects are central to the Heartland Corridor and Crescent Corridor projects. Domestic intermodal, says Wick Moorman, “is going to be a driver of the industry's growth.”
As job locations and residential housing patterns shift throughout Chicagoland, Metra continues to thrive, and continues preparing to expand, setting an example other regional railroads might envy.