Latest News Continued
Monday, 17 September 2012
17 September 2012

InnoTrans 2012 set to open

On Tuesday, Sept. 18, InnoTrans 2012 opens in Berlin, and over a period of four days, a record 2,515 exhibitors from 49 countries will be presenting their railway products and services—272 exhibitors more than at InnoTrans 2010.

Friday, 14 September 2012
14 September 2012

Rail cost of capital rises to 11.57%

The Surface Transportation Board announced Friday that it had determined the railroad industry's after-tax cost of capital for 2011 to be 11.57%, compared with 11.03% for the prior year.

Friday, 14 September 2012
14 September 2012

Second Avenue Subway blast work resumes

New York's Metropolitan Transportation Authority (MTA) said controlled blasting resumed on the Second Avenue Subway Friday, following an intensive investigation into the cause of an Aug. 21 incident below 72nd Street in Manhattan, and the implementation of additional safety measures.

Friday, 14 September 2012
14 September 2012

GWI prices Wall Street offerings

Genesee & Wyoming Inc (GWR) announced Friday that it has priced its previously announced offering of 3,500,000 shares of Class A common Stock—including 233,966 shares held by its board chairman—at $64.75 per share, resulting in aggregate gross proceeds of $211.5 million. ...
Friday, 14 September 2012
14 September 2012

Minneapolis SW LRT gets placeholder grant

Minnesota Gov. Mark Dayton Thursday approved $2 million in grant funding for the proposed Southwest Light Rail project, which would link downtown Minneapolis with Eden Prairie, Minn.

Thursday, 13 September 2012
13 September 2012

CSX ranks high on carbon disclosure index

CSX Corp. announced Thursday that for the third year in a row the company earned a place on the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index (CDLI), and for the first time is recognized on the CDP Global 500 Carbon Disclosure Leadership Index. ...
Thursday, 13 September 2012
13 September 2012

RailAmerica carloads up in August

RailAmerica, Inc. has reported 74,813 total freight carloads for ended August, up 2.9% from 72,697 in August 2011.

Thursday, 13 September 2012
13 September 2012

Joint venture lands Bay State LRT contract

Massachusetts' Department of Transportation Wednesday awarded a $44.8 million contract to a joint venture charged with designing a Green Line light rail transit extension to Medford, Mass., with a spur to Somerville, Mass.

Thursday, 13 September 2012
13 September 2012

AAR: U.S. “mixed traffic” trend rolls on

U.S. freight carload traffic fell 2.3% during the week ending Sept. 8, 2012, measured against the comparable week in 2011, the Association of American Railroads (AAR) said Thursday. U.S. intermodal volume for the week remained strong, as it has throughout 2012, up 3.1% compared with the same week ...
Thursday, 13 September 2012
13 September 2012

Sounder Lakewood extension looms

Seattle Sound Transit says it will add Lakewood, Wash., to its regional passenger rail service offerings Monday, Oct. 8, which includes new service at South Tacoma Station. A dedication ceremony is slated for Oct. 6 to herald the event.

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