Latest News Continued
Stan L. Hasselbusch, president and chief executive officer of L.B. Foster Co., announced Wednesday that wholly owed subsidiary Foster Thomas Company completed its cash tender offer for all outstanding shares of common stock of Portec Rail Products, Inc., and “we are now in process of combining ...
In the first fine imposed by the Surface Transportation Board since itsinception in 1996, Canadian National has been ordered to pay $250,000 for”knowingly violating board orders” regarding the reporting ofstreet-crossing blockages in the Chicago area. At the same time the boardextended i ...

“Our priority in working out this agreement was to protectUnion Pacific’s ability to provide the exceptional freight service ourcustomers need and expect, while helping public agencies invest in improvedpassenger service,” said UP Chairman and CEO Jim Young. “This agreement allowsus to deliver on those customer commitments.”

 

 

--> The Illinois Department of Transportation, Amtrak, and Union Pacific Wednesday reached final agreement on proceeding with $1.1 billion in improvements for higher-speed rail (HrSR) between St. Louis and Chicago, primarily on UP right-of-way. ...
U.S. freight carload traffic for the week ending Dec. 18 was roughly breakeven measured against the comparable week in 2009, the Association of American Railroads said Thursday, thus continuing a trend of moderate gains over the prior year. U.S. intermodal traffic for the same week notched a 5.0% ga ...
L.B. Foster Co. says it has begun delivering 28,500 tons of 115# standard continuous welded rail (CWR) to New England Central Railroad (NECR), an operating subsidiary of Jacksonville, Fla.-based RailAmerica, Inc., for upgrading approximately 140 miles of track. ...
Bombardier Transportation said Thursday it has received an order for 36 TRAXX locomotives from the German leasing company Railpool GmbH (Railpool). The contract is worth roughly $157 million. Delivery is scheduled to commence in July, with all 36 locomotives in service by November 2013. ...
Brian Brundige, Operations Manager at Simmons-Boardman Books, Inc. and The Railway Educational Bureau, Omaha, has been promoted to Director, effective Jan. 1. Brundige succeeds Pat Kentner, who has retired after serving as Director for 21 years. ...
The Department of Transportation said Wednesday it and the Ohio Rail Development Commission (ORDC) have reached an agreement officially releasing $98 million from the American Recovery and Reinvestment Act (ARRA) to the National Gateway. Construction will begin on a key corridor of the National Gate ...
Bombardier Transportation said Wednesday it has signed a seven-year contract with the City and County of Denver, Department of Aviation(CCD), to operate and maintain the INNOVIA APM 100 automated peoplemover system at Denver International Airport (DIA) from 2011 to 2017. The contract is valued at ap ...
President Obama has nominated Ann D. Begeman, Republican staff director for the Senate Commerce Committee, to fill the Republican seat on the Surface Transportation Board now held by Chip Nottingham, whose term expires Dec. 31. Senate confirmation is required. ...
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