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.
Worldwide rail infrastructure and maintenance firm Harsco Rail, a division of Harsco Corp., will move all its technology products and services under the Protran Technology brand, including Zeta Tech, the company announced on July 22, 2015.
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in the nation’s critical rail transportation infrastructure, CSX Executive Vice President and CFO Fredrik Eliasson told the Surface Transportation Board at a July 22 hearing.
The Senate Finance Committee on July 21, 2015 met to debate S. 637, legislation put forward by Chairman Orrin Hatch (R-Utah) to extend expiring tax credits, including the Section 45G Short Line Tax Rehabilitation railroad track maintenance credit. 45G has been publically endorsed by 38 Senators who have cosponsored S. 637, a bill by Sens. Mike Crapo (R-Idaho) and Ron Wyden (D-Ore.) to extend the credit.
Testifying at a July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators “to beware of upending numerous national economic goals” if they choose to pursue re-instituting revenue caps on freight rail companies.
AECOM has appointed Diana C. Mendes, AICP, as director of transit/rail, Design and Consulting Services, Americas.
The Federal Railroad Administration on July 22, 2015 sent a reminder to railroads transporting crude oil that the Emergency Order issued May 7, 2014 (Docket No. DOT-OST-2014-0067) requiring them to notify State Emergency Response Commissions (SERCs) and Tribal Emergency Response Commissions (TERCs) of the expected movement of Bakken crude oil trains through individual states and tribal regions remains in effect and “will be made permanent,” as previously announced.
Canadian Pacific Railway on July 21, 2015 posted its highest-ever net income and lowest-ever operating ratio for a second quarter.
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on June 17, 2014.
Florida East Coast Railway (FEC) on July 11, 2015 opened a new dispatch center equipped with Wabtec Railway Electronics TDMS (Train Management Dispatching System) technology, which is being utilized to assist FEC train dispatchers in managing CTC (centralized traffic control) and TWC (track warrant control) across FEC’s 351-mile system.
Facing an approximate $56 million budget gap for its 2016 fiscal year, New Jersey Transit’s Board of Directors on July 15, 2105 adopted a FY2016 operating budget and capital program totaling $4.27 billion, and a fare and service plan that includes an average 9% fare increase.