Latest News Continued
MTA Metro-North Railroad has awarded a $7.9 million contract to Progress Rail Services of East Chicago, Ind., to overhaul six 3,000-hp F40PH locomotives in use on its West of Hudson service. The overhaul will include new, larger fuel tanks for more efficient operations, and will help improve train o ...
Venezuela and the China Railway Engineering Co  announced Monday that they have formed a joint venture to build a $7.9-billion railroad between the states of Cojedes and Anzoategui. Venezuela has a 60% stake in the joint venture. The line is expected to be completed in  2011. ...
Southern California Regional Rail Authority (Metrolink) has awarded a three-year, $20 million contract to RailPros, Inc. for on-call project management, construction management, and staff augmentation ...
Kansas City Southern has successfully completed a new common stock issue, selling 4,330,208 shares at an average price of $17.32 per share or a total of $75 million. The issue was sold under a previously announced ATM Equity OfferingSM Sales Agreement w ...
The Federal Railroad Administration released preliminary railroad safety statistics for the first five months of 2009 on Friday, and they showed strong improvement across the board.A total of 4,164 accidents/incidents were reported in the January-May period, down 29.5% from the correspon ...
The U.S. House Judiciary Subcommittee on Courts and Competition Policy on Thursday approved H.R. 233, the Railroad Antitrust Enforcement Act of 2009.The bill  awaits consideration by the full Committee after  the August recess of Congress.In the Senate, Commerce Com ...
With an international corps of reporters aboard, Russia’s new, Siemens Transportation Systems-built high speed train, the EVS1 Sapsan (Russian for Peregrine Falcon), made a demonstration run between Moscow and St. Petersburg Thursday at a top speed of 155 mph. ...
IBM announced Friday that it has signed a new five-year information technology (IT) agreement with Amtrak to provide data center services including mainframe, mid-range server, security services, asset management and desktop support services for 10,000 workstations nationwide. The contr ...
Portec Rail Products, Inc., has reported reduced revenues and earnings for both the second quarter and the first half of 2009, but President and Chief Executive Officer Richard J. Jarosinski said he was “pleased with our overall performance in what continues to be a tough economic climate for ...

The Surface Transportation Board will receive an updated report on the state of rail-industry competition this fall. The agency is paying Madison, Wis.-based economic consulting firm Christensen Associates $125,000 to feed data from 2007 and 2008 into a revision of the report, "A Study of Competition in the U.S. Freight Railroad Industry and Analysis of Proposals that Might Enhance Competition," that it released last fall.

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In an announcement Thursday, the STB noted that "Christensen was chosen by the Board in September 2007 to provide a comprehensive analysis of a wide range of issues in the freight rail industry, including competition, capacity, and the interplay between the two. In addition to incorporating the latest economic data, the update will also make some technical corrections to the report."

 

--> The Surface Transportation Board will receive an updated report on the state of rail-industry competition this fall. The agency is paying Madison, Wis.-based economic consulting fir ...
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