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2015 Passenger Rail Outlook
States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve.
Cold Train owner sued for loan default
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail…
Honolulu project faces short-term fiscal shortfall
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction.
Indiana confronts Hoosier State crisis
Thwarted in its effort last year to employ a private contractor to handle large operation of Amtrak's Hoosier State, Indiana officials now are scrambling to secure state funding to ensure…
New Orleans mulls Public Belt Railroad sale
New Orleans Mayor Mitch Landrieu is requesting commissioners of the New Orleans Public Belt Railroad, a city-owned property, to consider putting the railroad up for sale to a private-sector operator.
CSX posts record 4Q, full-year results
CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42…
Appalachian Railcar Services makes buy
Eleanor, W. Va.-based Appalachian Railcar Services (ARS) on Friday, Jan. 9, 2015, said it has acquired BRC Rail Car Services of Lynchburg Va.
Vancouver transit plebiscite set for spring
Voters in the Vancouver, B.C., metropolitan area will vote by mail between March 16 and May 29 on a half-per-cent sales tax proposal, which would be used to fund several…
Atlanta streetcar to open Dec. 30
Atlanta Mayor Kasim Reed announced Tuesday, Dec. 23, 2014, that the 2.7-mile Atlanta streetcar line would be officially launched for service on Dec. 30, fulfilling a pledge by the mayor…
Detroit M-1 Rail finalizes tax credit funding
Supporters of Detroit's M-1 (or M1) streetcar project said Tuesday, Dec. 23, 2014, that agreements had been "finalized for the second phase of an approximately $40 million total in New…
45 G tax credit extended through 2014
U.S. Senate approval Tuesday, Dec. 16, 2014, of 45-G, by a 76-to-16 vote, has assured passage of the measure, part of H.R. 5771, The Tax Increase Prevention Act of 2014, and…
Oklahoma City eyes Inekon, Brookville options
Prague, Czech Republic-based Inkeon Group a.s., appears to be the frontrunner among four streetcar suppliers bidding for Oklahoma City's MAPS 3 project, with Brookville Equipment Corp. still a factor as…
Sacramento businesses mull tax for streetcar
Sacramento, Calif., downtown businesses next month will vote on creating a tax district designed to generate $30 million for a proposed streetcar project, initiated by neighboring West Sacramento in 2008…
Fed spending bill aids Maryland rail projects
Maryland state officials, state media outlets, and rail advocates are voicing cautious enthusiasm over funds identified in the fiscal year 2015 federal spending bill, still to be passed, for both…
Service levels impact equipment markets
As the industry waits for the DOT and PHMSA to determine the future of the tank railcar that will carry crude oil and other flammable commodities by rail, industry insiders…
Analysis: OPEC move tugs at railcar expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, "[g]iven the dramatic share price volatility in the railcar space following…
CSX CFO upbeat on 4Q, long term
CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials…
Duke Energy wins Cincy streetcar cost spat
Cincinnati has been assigned the fiscal streetcar burden foisted on other cities, in its case by a judge declaring Duke Energy is not responsible for the cost of moving utilities…
Fed funds back MBTA Green Line extension
The Federal Transit Administration has pledged about $996 million in "New Starts" funding to support extension of Massachusetts Bay Transportation Authority's (MBTA) Green Line from Cambridge to Somerville and Medford.
Amtrak touts FY14 fiscal numbers
Amtrak released it fiscal year 2014 revenue numbers Tuesday, Nov. 25, 2014, citing continued financial performance that drew grudging coverage even from media adversaries of the national passenger railroad.
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