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Invensys Rail Thursday said Kevin Riddett will succeed James Drummond as president and CEO of Invensys Rail. Riddett (pictured below) has been chief operating officer of Chippenham, England-based Invensys Rail since November 2010, having previously spent two years leading Invensys Rail North America ...
According to the Association of American Railroads, 2010 “was the safest year ever for railroads, with significant reductions achieved in train accidents and employee casualties.” And for the 22nd year in a row, the Norfolk Southern Thoroughbred galloped away with the gold. ...
In mid-April, U.S. Class I railroads employed 5,689 more people than they did in April 2010, and 935 more than in March 2011. The 3.77% improvement in employment compared with a year ago and the 0.60% gain since March were in line with the gradual growth in railroad jobs that has been taking place i ...
The Victoria Regional Transit Commission in British Columbia on Tuesday endorsed a C$950 million light rail transit line to link Victoria and nearby Langford, B.C. But the commission cautiously noted it still needs a commitment of provincial and federal funding before any LRT project proceeds. ...
Wabtec Corp. announced that it has signed a contract valued at about $12 million to provide braking equipment to Bombardier Transportation Canada, Inc., for 100 new passenger rail cars on order from New Jersey Transit. ...
CSX Corp. told its annual Investor and Financial Analyst Conference in Detroit Wednesday that it’s “targeting a compound annual growth rate in earnings per share of 18% to 20% through 2015, supported by a compound annual growth rate for operating income of 12% to 14% over the same time p ...
The commissioner of the U.S. Customs and Border Protection on Tuesday outlined planned improvements to joint U.S.-Canada operations, including streamlined radar operations to detect low-flying aircraft and establishing customs clearance for Amtrak’s Adirondack in Montreal’s Cen ...
Canadian National is making a series of capacity improvements to accommodate growing container volumes at its Brampton Intermodal Terminal (BIT), Canada’s largest such facility. CN says almost 60% of its system-wide intermodal business touches the terminal, which is located in the busy logisti ...
The American Public Transportation Association (APTA) and the International Union of Railways (UIC) on Tuesday formally announced that the 8th World Congress on High Speed Rail will take place in Philadelphia July 11-13, 2012. The World Congress is expected to attract more than 2,000 attendees world ...
FOX Business Network reporter Dagen McDowell on Tuesday, May 17, got a behind-the-scenes look at Union Pacific and the business of freight railroading—something most people rarely see or understand—as a part of the network’s American Icon series. McDowell spent the day ...
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