Latest News Continued

Amsted Rail announced Oct. 28 that it has entered into an agreement to acquire 100% ownership of the Amsted Rail-Faiveley brake component business for freight cars.

CN announced Oct. 28 that it has been awarded a position on the Climate A List by CDP (Carbon Disclosure Project), the international not-for-profit that drives sustainable economies.

Cubic Transportation Systems (CTS), on Oct. 28 announced the award of a $12.7 million, two-year contract extension from the Metropolitan Atlanta Rapid Transit Authority (MARTA) for Automated Fare Collection ( ...

Coal is no longer king and will not return to the position it once held as the industry’s largest revenue stream. Crude oil might bounce back, a little. Motor vehicles are cyclical. Grain is profitable but seasonal.

In comments filed with the Surface Transportation Board regarding Reciprocal Switching, STB Ex Parte No. 711 (Sub-No. 1), the Association of American Railroads said the proposed rules are “unlawful” and “contrary to established law dating back well before the Staggers Act.”

Siemens has been chosen by The Metropolitan Council to manufacture 27 new light rail vehicles that will operate on the Twin Cities’ Metro Transit Southwest line expansion.

The Acciona-Odebrecht construction consortium, building the first metro line in the Ecuadorian capital Quito has commissioned Siemens to electrify the line.

26 October 2016

NS 3Q: Record-low OR

Norfolk Southern on Oct. 26 reported third-quarter 2016 results with a record low operating ratio, which improved to 67.5%, reflecting a 10% reduction in operating expenses coupled with a 7% decline in operating revenues.

The Association of American Railroads (AAR) on Oct. 26 reported for the week ending Oct. 22, 2016, total U.S. weekly rail traffic was 544,092 carloads and intermodal units, down 1.7% compared with the same week last year.

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