Latest News Continued
Tuesday, 22 November 2011
22 November 2011

Employment up modestly on Class I railroads

Employment on Class I railroads of the U.S. rose to 160,251 in mid-October, up a modest 0.01%, or 11 employees, over mid-September but 3.87% higher than in October 2010. ...
Tuesday, 22 November 2011
22 November 2011

Railcomm aids BNSF yard expansion

RailComm said Tuesday it has been selected to expand its existing yard system at BNSF’s Alliance South Yard in Alliance, Neb. ...
Monday, 21 November 2011
21 November 2011

STB authorizes 35-mile Alaska Rail extension

The Surface Transportation Board issued a decision Monday authorizing the Alaska Railroad Corp. (ARRC) to build a 35-mile line connecting Port MacKenzie in south-central Alaska to a point on ARRC’s existing main line near Houston, Alaska. The line would provide a rail transport option between ...
Monday, 21 November 2011
21 November 2011

Strike threat to freight railroads recedes

With unions for more than half of the workers bargaining with North American freight railroads reaching agreements, the threat of a walkout affecting freight rail transportation is diminishing. Four more unions last week have reached agreement with the Class I’s, making it 10 unions in all, acc ...
Monday, 21 November 2011
21 November 2011

Wabtec acquires Fulmer Co.

Wabtec Corp. on Monday said it has acquired Fulmer Co., a manufacturer of motor components for rail, power generation, and other industrial markets. Based in Export, Pa., Fulmer has annual sales of about $15 million. Wilmerding, Pa.-based Wabtec expects the transaction to be accretive in the first y ...
Friday, 18 November 2011
18 November 2011

STB issues EIS for planned 20-mile Corman line

The Surface Transportation Board announced Friday that its Office of Environmental Analysis (OEA) has issued a Final Environmental Impact Statement for the R.J. Corman Railroad Company/Pennsylvania Lines Inc. (RJCP) proposed construction of a 20-mile line between Wallaceton and Gorton, in Clearfield ...
Friday, 18 November 2011
18 November 2011

Fatality occurs at East Side Access project

A worker at Metropolitan Transportation Authority’s East Side Access project in Manhattan was killed Thursday evening, causing MTA to halt work on the project.

Friday, 18 November 2011
18 November 2011

Congress OKs FY12 transport appropriations

Both the House and Senate Thursday passed the Conference Report on a package of three appropriations bills, including the Fiscal Year (FY) 2012 Transportation, Housing and Urban Development and Related Agencies (THUD) Appropriations bill, the American Public Transportation Association (APTA) repo ...
Thursday, 17 November 2011
17 November 2011

What gives with these full order books?

A good friend of mine who practices transportation finance in London, Jacqui Nelson, recently asked me about the condition of the U.S. economy. She reported that the “City” of London (the U.K.’s Wall Street) was truly rattled by the Greek financial crisis and its likely meaning for the Euro ...
Thursday, 17 November 2011
17 November 2011

CTA selects Cubic for open-standards AFC

The Chicago Transit Authority has awarded Cubic Transportation Systems (a business unit of San Diego-based Cubic Corp.) an estimated $454 million contract to integrate, deliver, operate, and maintain a next-generation OSFS (Open Standards Fare System) that will accept bank cards and, ultimately, ...
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