Latest News Continued
Tuesday, 18 September 2012
18 September 2012

APTA: LRT paces 2Q public transit ridership

Light rail transit ridership maintained its strong U.S. growth trend in the second quarter of 2012, the American Public Transportation Association (APTA) said Tuesday. LRT ridershp rose 4.3% during the quarter compared with the second quarter of 2011, pacing an overall public transit ridership fo ...
Tuesday, 18 September 2012
18 September 2012

Bombardier to supply Saudi HSR components

Bombardier Transportation Tuesday said it has signed contracts with Madrid-based Patentes Talgo SA to develop and supply components for 36 very high speed trains for Saudi Arabia.

Tuesday, 18 September 2012
18 September 2012

FRA funds third track for northern Virginia

The Federal Railroad Administration Monday announced its intent to release $74.8 million for 11 miles of a third track for use by Virginia Rail Express (VRE), CSX, and Amtrak in northern Virginia.

Monday, 17 September 2012
17 September 2012

Critical issues crowd NITL/IANA agenda

How bullish is the marketplace still on the continued growth of intermodal traffic in North America ? How will growing cargoes through Canadian and Mexican ports reshape the transportation picture?

Monday, 17 September 2012
17 September 2012

CP touts faster transcontinental service

Canadian Pacific Monday said it has launched new faster intermodal train services connecting Vancouver, British Columbia, to Toronto or Chicago.

Monday, 17 September 2012
17 September 2012

InnoTrans 2012 set to open

On Tuesday, Sept. 18, InnoTrans 2012 opens in Berlin, and over a period of four days, a record 2,515 exhibitors from 49 countries will be presenting their railway products and services—272 exhibitors more than at InnoTrans 2010.

Friday, 14 September 2012
14 September 2012

Rail cost of capital rises to 11.57%

The Surface Transportation Board announced Friday that it had determined the railroad industry's after-tax cost of capital for 2011 to be 11.57%, compared with 11.03% for the prior year.

Friday, 14 September 2012
14 September 2012

Second Avenue Subway blast work resumes

New York's Metropolitan Transportation Authority (MTA) said controlled blasting resumed on the Second Avenue Subway Friday, following an intensive investigation into the cause of an Aug. 21 incident below 72nd Street in Manhattan, and the implementation of additional safety measures.

Friday, 14 September 2012
14 September 2012

GWI prices Wall Street offerings

Genesee & Wyoming Inc (GWR) announced Friday that it has priced its previously announced offering of 3,500,000 shares of Class A common Stock—including 233,966 shares held by its board chairman—at $64.75 per share, resulting in aggregate gross proceeds of $211.5 million. ...
Friday, 14 September 2012
14 September 2012

Minneapolis SW LRT gets placeholder grant

Minnesota Gov. Mark Dayton Thursday approved $2 million in grant funding for the proposed Southwest Light Rail project, which would link downtown Minneapolis with Eden Prairie, Minn.

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