Latest News Continued
The Fort Worth Transportation Authority (The T) and representatives from Union Pacific, Dallas Area Rapid Transit (DART), Amtrak, Fort Worth & Western Railroad (FW&W) and Regional Rail Right-of-Way Co. on Dec. 28, 2015 signed a shared-use op ...
During much of fourth-quarter 2015, investor interest in Wabtec (Westinghouse Air Brake Technologies Corp.) has increased due to concerns about the North American railcar cycle, Wabtec’s pending acquisition of Faiveley Transport, the sustainability of margins and returns, and the company’s de ...

New Jersey Transit has appointed Dennis J. Martin as Interim Executive Director effective Dec. 28, 2015, replacing Veronique “Ronnie” Hakim, who left NJT to become President of MTA New York City Transit.

The U.S. Surface Transportation Board on Dec. 28, 2015 issued two interrelated decisions—a Notice of Proposed Rulemaking (NPRM) and Proposed Policy Statement (PPS)—proposing revised definitions and policy guidance for passenger train on-time performance and preference. The STB is seeking publ ...
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl reports on a recent dinner conversation with “a large private shipper” that focused on the proposed Canadian Pacific-Norfolk Southern merger, rail pricing, railcar sourcing, and the U.S. e ...
The National Railroad Construction & Maintenance Association (NRC) on Dec. 17, 2015 announced that Cosmo Lawrence “Larry Sr.” Laurello of Delta Railroad Construction, Inc. in Ashtabul ...
For the week ending Dec. 19, 2015, total U.S. rail traffic was 525, 555 carloads and intermodal units, down 9.5% compared with the same week in 2014, the Association of American Railroads (AAR) reported on Dec. 23. U.S. carloads fell nearly 15%; Canadian carloads dropped nearly 14%; North America ...
Norfolk Southern on Dec. 23, 2015 rejected Canadian Pacific’s third and most recent proposal to acquire NS. CP on Dec. 16 offered $32.86 in cash, a fixed exchange ratio of 0.451 shares in a new company that would own Canadian Pacific and Norfolk Southern, and 0.451 of a Contingent Value Right. ...
Amtrak activated its final segment of ACSES (Advanced Civil Speed Enforcement System), its version of Positive Train Control (PTC), along the Northeast Corridor on Dec. 18, 2015. ACSES is now fully functional on all Amtrak-owned track between Washington, D.C., and Boston, almost two weeks before ...

Canadian National Railway (CN) announced Dec. 17, 2015 that the 2016 CN Employees' and Pensioners' Community Fund (the Fund) campaign raised a record C$1,857,920 for charities across Canada.

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