Latest News Continued
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, ...
Thursday, 17 November 2011
17 November 2011

BNSF eyes Asia for grain export market

BNSF Railway reportedly is investing about $680 million to tap a 29% increase in exports of specialty grains headed for Asia. BNSF is concentrating its investment in its container yards, mostly Midwest where most corn and soybeans are grown. ...
Thursday, 17 November 2011
17 November 2011

With cash flow strong, UP ups dividend 26%

Union Pacific's board of directors voted Thursday to increase its quarterly common share dividend by 26% to 60 cents per share, payable Jan 2. to stockholders of record on Nov. 30. ...
Thursday, 17 November 2011
17 November 2011

AAR: U.S. freight traffic gains continue

U.S. freight carload volume rose 0.5% for the week ending Nov. 12, 2011, the Association of American Railroads said Thursday. U.S. intermodal volume advanced 5.2% for the week, measured against the comparable week one year ago, AAR said. ...
Thursday, 17 November 2011
17 November 2011

Bombardier lands airport DBOM order

Bombardier Transportation said Thursday it has signed a contract to install an new INNOVIA APM 300 automated people mover (APM) system at Munich Airport in Germany. The contract, signed with Terminal 2 Betriebsgesellschaft mbH & Co. oHG, represented by FM Bau (Flughafen München Baugesell ...
Thursday, 17 November 2011
17 November 2011

Rink named new GM at PATCO

The bistate Delaware River Port Authority board Wednesday named John D. Rink as the new general manager of PATCO, the rapid transit line linking Philadelphia with its New Jersey suburbs. Rink succeeds Robert Box, who retired last April. Rink had served as a technical supervisor in PATCO' ...
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