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Mirroring or mimicking the earlier actions of Class I freight railroad BNSF, Amtrak Monday said it hopes to use the railfan community to help bolster the railroad’s own safety, using that base as a source of information and security. ...
American International Group late Monday announced the sale of AIG Rail Services to a division of Perella Weinberg Partners LP. Financial terms of the transaction were not disclosed. New York-based Perella Weinberg Partners is a financial services firm that provides corporate advisory ...
Bombardier Transportation said Monday it has signed a nine-year contract with Deutsche Bahn subsidiary DB Regio AG, valued at about $867 million, for 200 TRAXX diesel locomotives with game-changing multi-engine propulsion. At the same time, DB Regio has placed a formal order for the first 20 loco ...
GATX Rail Europe on Monday announced its entry into the Turkish marketplace with the deployment of newly manufactured railway tank cars. The cars, holding 9k5 cubic meters, are designed to efficiently carry a variety of petroleum products, are being manufactured for GATX in Turkey by R.A.I.L. Tur, K ...
Koppers Inc., producer of crossties and related pressure-treated wood products for railroads, says it is now designing, manufacturing, and marketing an extensive line of rail joint products acquired from Portec Rail Products Inc. late in 2010. These rail joint products are continuing t ...
The Surface Transportation Board said in a decision released Friday that it is backing off from its proposal, announced last August, to create an advisory group to address liability-sharing issues in the rail transportation of “certain toxic-by-inhalation hazardous commodities.” ...
Fairfield, Conn.-based General Electric Co. reportedly has postponed a plan to establish locomotive production work at its River Works manufacturing plant in Lynn, Mass., following a breakdown in talks with labor leaders over wages. ...
BART’s Board of Directors on Thursday began searching for a new general manager, following the abrupt resignation of Dorothy Dugger Wednesday morning, ending a 19-year career with the agency. Dugger’s last day will be April 22. ...
Budget cuts approved by the House of Representatives for Fiscal Year 2011 include $50 million originally targeted for the Railroad Safety Technology Program, which was to use such funds as part of the effort to establish Positive Train Control (PTC) over much of the U.S. Class I freight railroad ...
U.S. intermodal volume advanced 12.4% for the week ending April 9, 2011, measured against the comparable week in 2010, the Association of American Railroads said Thursday. U.S. carload freight traffic also rose in the comparable period, up 1.8%. ...
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