Latest News Continued

A worker at Metropolitan Transportation Authority’s East Side Access project in Manhattan was killed Thursday evening, causing MTA to halt work on the project.

Both the House and Senate Thursday passed the Conference Report on a package of three appropriations bills, including the Fiscal Year (FY) 2012 Transportation, Housing and Urban Development and Related Agencies (THUD) Appropriations bill, the American Public Transportation Association (APTA) repo ...
A good friend of mine who practices transportation finance in London, Jacqui Nelson, recently asked me about the condition of the U.S. economy. She reported that the “City” of London (the U.K.’s Wall Street) was truly rattled by the Greek financial crisis and its likely meaning for the Euro ...
The Chicago Transit Authority has awarded Cubic Transportation Systems (a business unit of San Diego-based Cubic Corp.) an estimated $454 million contract to integrate, deliver, operate, and maintain a next-generation OSFS (Open Standards Fare System) that will accept bank cards and, ultimately, ...
BNSF Railway reportedly is investing about $680 million to tap a 29% increase in exports of specialty grains headed for Asia. BNSF is concentrating its investment in its container yards, mostly Midwest where most corn and soybeans are grown. ...
Union Pacific's board of directors voted Thursday to increase its quarterly common share dividend by 26% to 60 cents per share, payable Jan 2. to stockholders of record on Nov. 30. ...
U.S. freight carload volume rose 0.5% for the week ending Nov. 12, 2011, the Association of American Railroads said Thursday. U.S. intermodal volume advanced 5.2% for the week, measured against the comparable week one year ago, AAR said. ...
Bombardier Transportation said Thursday it has signed a contract to install an new INNOVIA APM 300 automated people mover (APM) system at Munich Airport in Germany. The contract, signed with Terminal 2 Betriebsgesellschaft mbH & Co. oHG, represented by FM Bau (Flughafen München Baugesell ...
The bistate Delaware River Port Authority board Wednesday named John D. Rink as the new general manager of PATCO, the rapid transit line linking Philadelphia with its New Jersey suburbs. Rink succeeds Robert Box, who retired last April. Rink had served as a technical supervisor in PATCO' ...
Russian Railways (RZD) Thursday said that the company, through its subsidiary Transcontainer, has organized for a demonstration container freight train to travel along the route between Nahodka-Vostochnaya (in the port city of Nahodka on Russia’s Far Eastern Railway) to Shushari (in St. Pet ...
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