Latest News Continued
U.S. freight carload traffic for the week ending May 19, 2012 was down 5.0% measured against the comparable week in 2011, the Association of American Railroads said Thursday, continuing a trend. But U.S. intermodal volume for the same week kept its own trend going, up 3.1% compared with volume on ...
Thursday, 24 May 2012
24 May 2012

Wabtec signs component contract for MTA NYCT

Wabtec Corp. said Thursday has signed contracts valued at about $34 million to provide components for 473 subway cars being supplied by Kawasaki Heavy Industries to MTA New York City Transit under the R-188 option order.

Thursday, 24 May 2012
24 May 2012

Europorte, Alstom enter rail freight partnership

Europorte, the rail freight subsidiary of the Eurotunnel Group, and Alstom on Thursday announced they have signed a partnership agreement covering the maintenance of 17 Alstom manufactured Prima locomotives now operated by Europorte.

Thursday, 24 May 2012
24 May 2012

CN: "EcoConnexions From the Ground Up"

Canadian National has launched a program, "EcoConnexions From the Ground Up," to encourage "tree planting and other greening programs in communities across its network, with a particular emphasis on properties adjacent to its rail lines."

Wednesday, 23 May 2012
23 May 2012

RailAmerica discusses possible sale

RailAmerica Inc., which owns 45 small railroads that operate approximately 7,500 miles of track in North America, disclosed late Tuesday that it is considering selling the company and has entered into talks with third parties. Deutsche Bank Securities Inc. is its financial adv ...
Wednesday, 23 May 2012
23 May 2012

Tony Kruglinski joins Railway Age bloggers

Tony Kruglinski added his prestigious credentials to Railway Age's stable of bloggers this week, offering his expertise on railroad financing/leasing.

Wednesday, 23 May 2012
23 May 2012

GE signs MOU for Kazakhstan diesel plant

Erie, Pa.-based GE Transportation on Wednesday said it has signed a Memorandum of Understanding with TransMashDiesel and JSC National Company Kazakhstan Temir Zholy (KTZ) to establish a diesel engine manufacturing plant in Astana, Kazakhstan.

Wednesday, 23 May 2012
23 May 2012

Canadian Pacific hit by strike

Canadian Pacific began Wednesday suffering a strike delivered by Teamsters Canada.

Led by increases in rail maintenance of way and structures employees, U.S. Class I railroads employed 161,876 workers in mid-April, up 3.25% from April 2011 and also up 0.84 from March 2012.

Tuesday, 22 May 2012
22 May 2012

GATX unit will lease railcars in India

GATX Corp. announced Tuesday that its subsidiary, GATX India Private Limited (GIPL), has entered the Indian marketplace with the purchase of 450 container flat cars.

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