Just weeks after acquiring Florida East Coast Industries (FECI), parent of Florida East Coast Railway (FECR), a Japanese hedge fund is close to a deal to sell the regional carrier to Ferromex, Mexico’s largest railroad by mileage, for a reported $2 billion.
Canada's federal 2017 budget continues the government's push toward public transit projects with the inclusion of CA$25 billion (US$18.7 billion) through various avenues.
The California Transportation Commission (CTC) allocated more than $217 million to 72 projects in the state including more than $60 million for state rail projects.
Strato, Inc.’s StratoMAX F51AE F-Style knuckle has passed the Association of American Railroads (AAR) M-216 fatigue life cycle test. This specification requires an average fatigue life of at least 600,000 cycles.
CN announced plans to repurchase up to 1.8 million of its common shares of stock as part of a repurchase program.
David Strong has joined Parsons as vice president and Rail Systems Lead for the New York and New Jersey region.
Pressed to accommodate surging ridership, the Southeastern Pennsylvania Transportation Authority is buying 45 bi-level coaches from China Railway Rolling Stock Corp. (CRRC) valued at $137.5 million.