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SMBC Rail Services buys American Railcar Leasing
Sumitomo Mitsui Banking Corp (SMBC) announced Dec. 19 that its railcar operating lessor and fleet management business, SMBC Rail Services LLC (SMBC Rail), has signed an agreement to purchase American…
Union Pacific focus: Future
Cover story, September issue: Like most Class I railroads, Union Pacific has had to make adjustments to deal with sharp declines in coal and other commodities. While its $3.75 billion…
Ontario on the move
Ontario’s Greater Toronto and Hamilton Area (GHTA) has entered into a new growth phase, thanks to funding availability, and political leadership that seems to recognize the importance of mobility that’s…
First UPX DMUs arrive in Toronto
Union-Pearson Express ( UP Express, or UPX), the C$456 billion Metrolinx project to connect Toronto’s Pearson International Airport with Union Station, is now taking delivery of its 18 diesel multiple-units (DMUs)…
Union Pearson Express wins Global AirRail award
A panel of international transportation experts has named Canada’s Union Pearson Express as Project of the Year at the Global AirRail Awards in Frankfurt, Germany.
Sumitomo lands Midwest/Calif. HrSR order
Illinois Gov. Pat Quinn and federal officials on Monday announced that Sumitomo Corp. of America has been awarded a $352 million contract from California's Department of Transportation (Caltrans) for 130…
Sumitomo, Nippon Sharyo land VRE car order
Sumitomo Corp. of America, in conjunction with its car builder partner Nippon Sharyo, said Thursday it has landed a contract from Virginia Railway Express (VRE) "for 50 gallery-type bi-level passenger…
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