The Surface Transportation Board (STB) on Sept. 8, 2016 announced its annual determination of revenue adequacy for U.S. Class I freight railroads for 2015. Of the "Big Seven" (five U.S. carriers and two U.S. subsidiaries of Canadian roads), four made the cut.
Canadian Pacific announced Sept 8, 2016 that Executive Vice President and Chief Financial Officer Mark Erceg has resigned, effective immediately, to join a U.S. company. Nadeem Velani has been appointed interim Vice President and CFO.
Brightline’s first Siemens Charger diesel-electric locomotive has successfully completed initial testing and operated for the first time, powered by its Cummins QSK95 diesel engine, on the quarter-mile test track at the Siemens manufacturing facility in Sacramento, Calif.
Gross & Janes Co. announced Sept. 8, 2016 that it has received a United States Patent for a “two-step” borate pre-treatment dipping process and related equipment the company developed to increase the life of wood railroad crossties.
On Sept. 1, 2016, the Canadian government awarded a lion’s share of transit development agreements in the province of Alberta to the city of Edmonton.