Latest News Continued

NYC official: Newark Airport rail access is good for New York and the region!  It's unlikely that New York City Transit will ever operate subway trains to or from Newark Liberty International Airport in New Jersey.

In October 2010 Fifth Third Bank did what we wish every bank would do: It hired a rail finance veteran to head its Surface Transportation Division. Rob Hart is a veteran of the Illinois Central, where he was involved in equipment planning, capital budgets, and corporate finance, and was ultimatel ...

$7 billion is available for Class II and Class III railroads.

Ever since Warren Buffett gave his blessing to railroads by buying one, financial analysts and pundits have been examining this 175-year-old industry for clues to its re-emergence as a savvy investor’s favorite.

Rail shipper and carrier executives convened in San Francisco recently for the annual North American Rail Shippers Association meeting. Despite the anti-rail rhetoric of a minority of rail customers—who were for the most part absent—the meeting had the atmosphere of a reunion of old friends. ...
Coal has always been extremely important to the rail industry, as highlighted by its well-earned moniker “King Coal.” Indeed, the marriage between coal and the railroads was a natural one, with railroads being the best at bulk land shipping and coal being a widely abundant natural resour ...

A Railway Age editorial I posted on line last in June 2011 about the most recent legislative attempt to break up Amtrak and privatize the pieces drew a 99% favorable response. Here’s an excerpt:

How Union Pacific achieved a record 8.6-day car cycle time. For many years, freight car shortages plagued the railroad industry.

Most global passenger rail suppliers accept a basic schism in their marketplace: Europe and most of Asia seek passenger designs based on crash avoidance. U.S. counterparts had to meet crash survivability priorities.

Representatives from CSX and New York State Thursday unveiled the state’s second ultra-low emission GenSet locomotive at an event at CSX’s Selkirk Yard. Jointly funded by the Environmental Protection Agency (EPA) and CSX, the locomotive will be used at the yard, near Albany, N.Y., signif ...
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