Latest News Continued
Transportation Secretary Ray LaHood has affirmed plans to redirect $2.4 billion in federal high speed rail funding to other locations, saying, “There is a line outside of my door of governors, senators and congressmen.” ...
Los Angeles’ City Council Wednesday unanimously approved $8.5 million in funding to implement a Downtown streetcar service. The city hopes to cooperate in a public/private venture designed to bolster economic activity. City Councilman Jose Huizar, who has championed the return of s ...
Labrador Iron Mines Holdings Ltd. (LIM) has announced a “life of mine” Confidential Rail Transportation Contract with Quebec North Shore and Labrador Railway Co., Inc. ...
U.S. freight carload and intermodal volume rose during the week ending March 5, 2011, measured against the comparable week in 2010, the Association of American Railroads said Thursday. Freight carload volume rose 5.5% compared with the same week last year, while intermodal rose a more modest 1.0%. ...
Bombardier Transportation said Thursday it has received an order for six new three-car BOMBARDIER REGINA high speed trains from Sweden’s Västtrafik, thus increasing the latter’s fleet to a total of 26 trains. The contract is valued at $101 million. Delivery will take place during 2 ...
An improving economy may have contributed to an increase in vehicle-train and pedestrian collisions, deaths, and injuries in 2010, according to Operation Lifesaver, Inc., the national nonprofit rail safety education organization. OLI cited preliminary 2010 Federal Railroad Administration (FRA) stati ...
Warren Buffett's Berkshire Hathaway has received a $1 billion dividend from BNSF Railway, Bloomberg News reported Wednesday. On top of last year's $1.5 billion dividend, this brings Berkshire’s earnings from BNSF to $2.25 billon since it acquired the railway 13 months ago. Notin ...
Amtrak said Wednesday its February ridership rose 7.6% to 2,099,010 riders, up more than 147,000 passengers, from levels of February 2010, making the gain the 16th consecutive month of ridership growth. ...
Railway Age magazine has named Blacklands Railroad the 2011 Short Line Railroad of the Year, and the Reading & Northern Railroad its 2011 Regional Railroad of the Year. The awards will be presented at the American Short Line and Regional Railroad Association’s annual m ...
09 March 2011

AAR: Class I

Stressing that U.S. Class I railroads have committed “the three highest years of capital expenditure on record, in the middle of the greatest recession since the Great Depression,” Association of American Railroads CEO Ed Hamberger on Wednesday said “the individual freight railroa ...
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