Latest News Continued
The U.S short line tax credit is designed to help keep small railroads strong, and how it is doing this is illustrated in an earnings report released Wednesday by the Genesee & Wyoming (GWI), the nation's second largest operator of short line and regional railroads. ...
CN President and CEO E. Hunter Harrison announced Wednesday that Luc Jobin will become executive vice president and chief financial officer of the company on June 1 . Jobin, who has recently served as executive vice president of Power Corporation of Canada, will succeed Claude Mongeau, ...
Kansas City Southern is adding intermodal rail service to Puerta México, a new multi-modal facility in Toluca, México. ...
The retail giant Walmart has selectded BNSF Logistics as the winner of its “2008 Fixture/Construction Carrier of the Year” award. Kelly Abney, vice president of transportation for Walmart, said BNSF Logistics’ “overal ...
The New York Metropolitan Transportation Authority says its estimated deficit for the current year has increased by $621 million since the MTA board approved a budget in December that was designed to close a deficit then projected to be $1.2 billion. ...
The Belmont Park racing season begins Wednesday April 29, but the special trains that used to deliver enthusiasts to the track will be missing. The Long Island Rail Road is said to be canceling the trains as part of a “doomsday” scenario of service cuts and fare hikes to help LIRR parent ...
BNSF Railway has been one of the best-performing railroads on Wall Street since the market bottomed in March, with its shares up around one-third in price by last week. Nonetheless, Citi Investment analyst Mathew Troy issued a sell rating on BNSF on Monday, as well as on CP Rail. Troy ...
The Children’s Investment Fund (TCI), a self-appointed advisor to companies that it perceives to be troubled, is having troubles of its own. In a worsening global economy, TCI has lost around 40% of its value and some of its top managers. Now it has been disclosed that TCI has sol ...
Carson, Calif.-based model railroad manufacturer Athearn will be offering three differently numbered HO-scale (1/87th) models of Pacific Harbor Line’s MotivePower-supplied MP20C-3 road switcher locomotive. Expected to be available in November 2009, these models are highly detailed, high-qu ...

Montreal-based Bombardier, Inc. has been awarded a C$2.23 billion contract by the Toronto Transit Commission to produce 204 low-floor light rail vehicles for Canada’s largest city. Bombardier said it expects to deliver the first cars to TTC by 2012. TTC’s purchase is said to be the largest LRV purchase ever in North America, and includes an option for even more cars, should Toronto’s proposed “Transit City” plan be implemented.

ttc-lrv-bombardier.jpgBombardier’s bid was chosen over rival Siemens Transportation, but only after months of debate and dispute over TTC’s original bid process. The contract is expected to be formally voted on Monday by the nine Toronto city council members overseeing TTC, but approval is expected.

No funding is yet assured from either the federal governmentor the province of Ontario, though TTC officials say they believe such assistance will be forthcoming, possibly in amounts up to C$1.4 billion.

Last summer Bombardier was rebuffed by TTC after the manufacturer seemingly had won an earlier bid for the agency’s contract, beating out British manufacturer TRAM Power Ltd. TTC,  however, questioned Bombardier’s earlier bid, citing design flaws, a claim Bombardier rejected. Last February Bombardier resubmitted its bid, challenged this time by Siemens.

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TTC and Ontario province require that the new cars meet a 25% “buy Canadian” content threshold. Bombardier likely will do much of its manufacturing work at its Thunder Bay, Ont., facility, though it likely also will tap several of its European-based plants for the project.

--> Montreal-based Bombardier, Inc. has been awarded a C$2.23 billion contract by the Toronto Transit Commission to produce 204 low-floor light rail vehicles for Canada’s largest city. Bombardier said it expects to deliver the first cars to TTC by 2012. TTC ...
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