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More companies back Detroit M1 streetcar
Add Ford Motor Co. and DTE Energy to the list of Detroit-area companies committing funding and other support to the nascent Detroit M1 (or M-1) streetcar project, now under construction.
Metro-North honored for energy savings
MTA Metro-North Railroad, beleaguered by accidents, oversights, and relentless negative media coverage during the past 12 months, offered some good news to the public on Tuesday, Sept. 16, 2014, as…
Factors affecting this year’s “equipment harvest”
Fall is the season of the harvest. This is true for the farmers working their wheat, corn, and soybeans, but also true for many railcar owners. As important as bushel…
Balfour Beatty sells Parsons Brinckerhoff
Balfour Beatty has announced it has sold its engineering and design consultancy subsidiary Parsons Brinckerhoff (PB) to WSP Global, Canada, for £820 million, or roughly US$1.35 billion (roughly C$1.5 billion).
Loram acquires majority stake in Britain's RVEL
Loram Maintenance of Way, Inc. on Sept. 4, 2014 announced it has acquired a majority stake in Railway Vehicle Engineering Ltd. (RVEL), based in Derby, United Kingdom.
China's CNR, CSR halt share trading amid merger reports
Two huge Chinese rolling stock manufacturers, China CNR Corp. and CSR Corp., have suspended trading of their shares following reports in the Chinese media that the Chinese government is looking…
R.J. Corman completes buy of TSE Railroad
R. J. Corman Railroad Company/Texas Lines LLC late Tuesday, Sept. 2, 2014 announced the purchase of the assets of Texas Southeastern Railroad (TSE), previously a subsidiary of Georgia-Pacific LLC.
Rail revenue adequacy? Well, sort of
The Surface Transportation Board (STB) ruled Sept. 2 that five Class I railroads—BNSF, U.S. affiliates of Canadian National and Canadian Pacific, Norfolk Southern and Union Pacific—are revenue adequate. That is,…
STB: Five Class I's revenue adequate in 2013
The Surface Transportation Board announced Tuesday, Sept. 2, 2014, that it has found five U.S. Class I railroad properties to be "revenue adequate for the year 2013, meaning that five…
Mitsui Rail Capital promotes Penovich, Gerber
Mitsui Rail Capital, LLC (MRC) has promoted Daniel Penovich to President and Chris Gerber to Vice President of Sales and Marketing. Both MRC executives have extensive experience with MRC as…
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