Latest News Continued
Remember the Chevrolet Vega and its Pontiac equivalent, the Astre? These cars were shipped long-distance in a rather unusual manner.
Friday, 10 May 2013
10 May 2013

New investment capital for Iowa Pacific

Iowa Pacific Holdings, LLC announced on May 10 that it has reached a preliminary understanding with two institutional investors for up to $35 million of new capital that will be used to expand working capital availability, retire a Federal Railroad Administration RRIF loan, and fund track impro ...
On May 10, one day after Norfolk Southern’s annual shareholders meeting in Williamsburg, Va., Chairman, CEO, and President Wick Moorman announced the appointment of James A. Squires as President of the railroad, effective June 1. Squires, 51, currently is Executive Vice President Administrati ...
Friday, 10 May 2013
10 May 2013

Sais named EVP Engineering at SYSTRA

SYSTRA has promoted Joseph Sais, P.E., to Executive Vice President, Engineering. In this capacity, Sais will oversee the firm’s U.S.-based Infrastructure, Traction Power, Systems, and Construction Management and Program Management Sectors. He will be based in New York City.
Norfolk Southern Corp. “has made great strides over its 30-year history, posting its best-ever performance over the past two years—and the best is still to come,” CEO Wick Moorman told shareholders at the company’s 31st annual meeting, held May 9 in Williamsburg, Va. “Our railroad is ...
Kawasaki Rail Car, Inc. on May 9 joined with New York State officials, elected representatives, and transportation professionals to celebrate 25 years of manufacturing railcars at its Yonkers, N.Y., plant. During the past quarter-century, Kawasaki has produced more than 2,500 railcars at the fa ...
The Association of American Railroads has reported an increase in traffic for the week ending May 4, 2013, with total U.S. weekly carloads of 283,916 up 2.8%, compared with the same week last year. Intermodal volume for the week totaled 245,678 units, up 2.8% compared with the same week last ye ...
Thursday, 09 May 2013
09 May 2013

Omnitrax bidding in Romania

The Romanian Government on May 8 received three bids for the sale of a 51% stake in CFR Marfă, the national rail freight operator, and U.S. short line operator Omnitrax is one of them. Omnitrax is bidding against Romania’s two largest independent rail freight operators—Grup Feroviar Român, and ...
Thursday, 09 May 2013
09 May 2013

NJT says Bergen County will get LRT

Three decades after state planners and rail activists envisioned it, New Jersey Transit’s Board of Directors on May 8 officially recommended that the Hudson-Bergen Light Rail Transit system finally be extended into Bergen County—choosing LRT over other options, and ending a decade-plus poli ...
Thursday, 09 May 2013
09 May 2013

Designed To Move a Nation

The Association of American Railroads has launched “Designed To Move a Nation,” a new public information campaign that’s part of its “Freight Rail Works” initiative.
444
Page 444 of 902

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email