Latest News Continued

Kansas City Southern Railway Company (KCSR) has taken out a $54.6 million Federal Railroad Administration-administered Railroad Rehabilitation and Improvement Financing (RRIF) Program loan to purchase 30 new General Electric ES44AC diesel-electric locomotives.

Atlanta-based RMI Wednesday said it has reached a five-year agreement with RailAmerica, Inc. for the implementation of RMI's ExpressYard Car Repair Billing (CRB) and Operations Management Software System.

Fairport, N.Y.-based RailComm said Wednesday CSX Transportation has expanded its Domain Operations Controller (DOC®) system located at Boyles Yard in Birmingham, Ala.

Unitrac Railroad Materials, Inc. said Wednesday it has received a three-year contract to supply special trackwork to the Washington Metropolitan Area Transit Authority (WMATA), valued at approximately $8 million over the three-year period.

Wabtec Corp. Tuesday reported sales of $1.97 billion and GAAP earnings per diluted share of $3.51, both records, for 2011. Non-GAAP EPS was $3.70, excluding special items disclosed in the second quarter.

The Surface Transportation Board announced that it will hold a public hearing March 22 “to explore the impact of the Berkshire Hathaway, Inc. acquisition of the Burlington Northern Santa Fe Corp. on certain costing determinations.” The board will look at the effect of the $43 billion purchase ...

Canadian Pacific on Friday requested the Federal Minister of Labour appoint a conciliator “to assist in progressing discussions on a new agreement, involving legacy pensions, with the union representing the company's Canadian train crew employees and rail traffic controllers.”

Last weekend was the start of Speed Week, which hopefully culminates on Monday night , Feb. 27, with the rain-postponed running of The Great American Race, the Daytona 500.

Canadian National said Friday it plans to invest C$1.75 billion in 2012 to maintain and upgrade its railway network, support growth and productivity initiatives, and continue to provide customers with a high level of service.

Possibly due to any outcry of protest from numerous transport groups—and certainly due in part to defections within Republican House ranks—the House of Representatives has moved to delay consideration of any surface transportation authorization bill until Feb. 27 at the earliest. ...
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