Shareholders of Providence and Worcester Railroad Company (P&W) voted to approve the proposed acquisition of PWRR by Genesee & Wyoming Inc. (GWI).
In comments filed with the Surface Transportation Board regarding Reciprocal Switching, STB Ex Parte No. 711 (Sub-No. 1), the Association of American Railroads said the proposed rules are “unlawful” and “contrary to established law dating back well before the Staggers Act.”
Siemens has been chosen by The Metropolitan Council to manufacture 27 new light rail vehicles that will operate on the Twin Cities’ Metro Transit Southwest line expansion.
The Acciona-Odebrecht construction consortium, building the first metro line in the Ecuadorian capital Quito has commissioned Siemens to electrify the line.
Norfolk Southern on Oct. 26 reported third-quarter 2016 results with a record low operating ratio, which improved to 67.5%, reflecting a 10% reduction in operating expenses coupled with a 7% decline in operating revenues.
The Association of American Railroads (AAR) on Oct. 26 reported for the week ending Oct. 22, 2016, total U.S. weekly rail traffic was 544,092 carloads and intermodal units, down 1.7% compared with the same week last year.
New Jersey Transit has executed a lease agreement with the New York Metropolitan Transportation Authority for the last component of radio spectrum needed for its Positive Train Control (PTC) system, and has set its FY2017 operating and capital budgets.
Longevity is common in the railway supply business, even though many companies have been through the merger and acquisitions process. Louisville, Ky.-based Road & Rail Services marks 30 years in this industry in 2016.
Savage announced Oct. 25 the start of transloading in Daveport, Iowa.