Latest News Continued

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.

Tuesday, 22 May 2012
22 May 2012

Alstom absorbs DB share of joint venture

Alstom said Tuesday it and DB Mobility Network Logistics AG have signed a contract for the takeover of the 49% stake held by DB Mobility Network Logistics AG in the "Alstom Lokomotiven Service GmbH" joint venture in Stendal, Germany.

Monday, 21 May 2012
21 May 2012

STB approval of rail line makes history

The Surface Transportation Board on Monday granted final approval for what it called "a first of its kind" rail line. It gave R.J. Corman Railroad Co./Pennsylvania Lines Inc. (RJCP) authority "to build and operate a new rail line using right-of-way previously rail-banked as well as ...
Monday, 21 May 2012
21 May 2012

CP turnaround: How soon, how strong?

Now that Canadian Pacific Railway is under new management, how soon can shareholders expect to reap the rewards promised hedge fund investor William Ackman during a long proxy fight?

Monday, 21 May 2012
21 May 2012

LRIW announces 2012 scholarship

The League of Railway Industry Women (LRIW) announced its 2012 College Scholarship Program, which will award three separate scholarships to well-qualified students.

Monday, 21 May 2012
21 May 2012

SunRail track work commences this week

Track maintenance and upgrading is expected to begin this week on an initial 7-mile portion of rail right-of-way destined for use by SunRail, central Florida's planned regional rail service.

Friday, 18 May 2012
18 May 2012

Alstom breaks ground for Quebec plant

In Sorel-Tracy, Quebec, the Société des parcs industriels Sorel-Tracy (SPIST) on Friday launched construction of the new Alstom manufacturing facility. Sorel-Tracy Mayor Réjean Dauplaise and other dignitaries were in attendance to herald the new plant slated for completion next fall.

Friday, 18 May 2012
18 May 2012

Traktionssysteme Austria adds U.S. office

Traktionsysteme Austria (TSA), a supplier of rail vehicle propulsion system components, has established a U.S. presence with Traction Systems, Inc., which will directly serve customers in North America.

Friday, 18 May 2012
18 May 2012

Watco, Bourque Logistics form alliance

Bourque Logistics on Thursday said it has formed an alliance with Watco Compliance Services to offer combined railcar maintenance and regulatory compliance services to rail shippers.

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