VIA Rail released its annual report on May 6, 2016, and for the first time in seven years, posted both ridership and revenue gains.
Continuing efforts begun in 2012 with the purchase of a wind turbine generator at the Kingston rail layover facility, the Massachusetts Bay Transportation Authority projects a further reduction of energy costs in the coming fiscal year, thanks in part to renewable energy efforts.
Caltrain’s annual ridership count shows that agency has reached a record for the sixth consecutive year.
Kansas City, Mo., celebrated the return of light rail to its streets after a 59-year hiatus on May 6th with the opening of a 2.2-mile line from River Market via the city center to Union Station.
In a bid to make good on a promise to promote community engagement for the Long Island Rail Road (LIRR) Expansion Project, New York Gov. Andrew Cuomo laid out plans for public meetings, launched a new website and committed to expedited grade crossing improvements.
“We would still be buyers of Norfolk Southern stock,” Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl wrote in Reiterate Outperform—Just the Tip of the Iceberg, on May 5, 2016.
The Federal Aviation Administration opened public comments on May 3, 2016 for a proposed funding change that could benefit passenger rail development around airports.