Latest News Continued
Claiming political principle, not political grandstanding, as the foundation for Florida’s rejection of $2.38 billion in federal funds for high speed rail, Gov. Rick Scott has also set off a scramble for part or all of that funding from other states not so antagonistic to passenger rail transi ...
The Senate Judiciary Committee approved legislation today that would remove antitrust exemptions from freight railroads. The bill, S. 49, the “Railroad Antitrust Act of 2011,” would “amend the Federal antitrust laws to provide expanded coverage and to eliminate exemptions from ...
The Wall Street Transcript’s just-published Transportation & Logistics Report includes a comment by star analyst John Larkin, of Stifel, Nicolaus & Co., Inc., putting Norfolk Southern among “those companies that standout over their competitors.” ...
The Federal Railroad Administration Thursday proposed a rule that would make it easier for the public to report unsafe conditions at highway-rail grade crossings. The proposal would require railroads to establish toll-free telephone numbers to allow the public to report malfunctioning highway-rail g ...
Canadian Pacific President and CEO Fred Green announced Thursday that Mike Franczak, senior vice president, operations, will succeed Ed Harris as executive vice president, operations, when Harris retires April 1. Harris will act as an advisor to Franczak through 2011. ...
Las Vegas Railway Express, Inc. (“X” Train), which has been planning for development of passenger train service between Los Angeles and Las Vegas since early 2009, announced that Gregory P. West is coming aboard as chief financial officer. Formerly CFO of California’s Metrolink, ...
Despite (or because of) a deadline set by Florida Gov. Rick Scott, numerous pro-rail advocates have continued to press for Scott to reverse his decision to scuttle a proposed high speed rail project linking Tampa and Orlando. In a six-page letter to the governor sent Thursday, the mayors ...
The IEEE (Institute of Electrical and Electronics Engineers) Standards Association (IEEE-SA) has presented Working Group 2 (WG2) of the IEEE Rail Transit Standards Committee with the 2010 “Emerging Technology Award.” WG2 is chaired by Dr. Alan F. Rumsey (pictured), Vice President of ...
L.B. Foster Co.’s Rail Products Group, Pittsburgh, is supplying 1,553 tons of new continuous welded rail (CWR) to Iowa Interstate Railroad, for new track installation and spur improvements. A specially-equipped L.B. Foster work train will deliver approximately 80,000 linear feet of 115-pound A ...
American Railcar Industries, Inc. has listed a “sizable order” of 3,500 freight cars from lessor CIT Rail Resources in its March 1, 2011 Securities & Exchange Commission Form 10-K, KeyBanc Capital Markets, Inc. Director-Industrial Manufacturers Steve Barger reports in an analysis ...
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