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In MTA capital plan, M-9s for Metro-North
Prospects for Metro-North appear good for the railroad to acquire M-9 electric multiple-unit (EMU) equipment under parent Metropolitan Transportation Authority's upcoming five-year capital plan.
Greenbrier touts healthy, diverse orders
The Greenbrier Companies, Inc. announced Wednesday, Sept. 17, 2014 it has received new orders amounting to 10,300 railcar units during its fiscal fourth quarter, which ended Aug. 31, 2014.
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…
Two-thirds of Research Triangle in on LRT
Light rail transit plans got the backing of officials in Durham and Orange counties, N.C., on Wednesday, Aug. 13, 2014, setting the stage for a concerted effort to secure federal…
County authority to oversee Santa Ana streetcar
The fate of Santa Ana, Calif.'s proposed streetcar project may rest with the Orange County Transportation Authority (OCTA), which may assume responsibility for the effort as early as Monday, Aug.…
MTA: Second Avenue Subway, second phase, please
Signaling a commitment to continued subway expansion, Metropolitan Transportation Authority CEO and Chairman Thomas Prendergast has requested funding for Phase 2 of New York City Transit's Second Avenue Subway, long…
Good 2Q for BNSF
BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013.
Tanks, hoppers drive ARI record 2Q 2014 financials
Based largely on an increase in demand for its tank cars and hopper cars, American Railcar Industries, Inc. (ARI) on July 30, 2014 reported record earnings and revenues for second-quarter 2014.
Trinity posts impressive 2Q 2014 financials
Riding high on a record backlog of freight car orders, Trinity Industries reported second-quarter earnings per common diluted share of $1.01—a 94% increase year-over-year—and quarterly revenue and net income of…
New York MTA facing $12 billion capital shortfall
The New York Metropolitan Transportation Authority, which accounts for approximately 25% of all rail transit spending in the U.S., is staring at a potential $12 billion shortfall in its proposed…
Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced…
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