Author: Carolina Worrell

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CDM Electronics to showcase at RSSI exhibition

CDM Electronics, a distributor of electronic connectors and cables, will showcase its extensive portfolio of railway connectivity products and value-added cable assemblies at the 2016 Railway Systems Suppliers Inc. (RSSI) 56th Annual Exhibition at the Gaylord Texan Resort and Convention Center in Grapevine, Tex. on June 28-30, 2016.

UP names Pinnacle Award winners for chemical transportation safety

Union Pacific Railroad on April 28, 2016 recognized 65 companies with its distinguished Pinnacle Award for their commitment to safely transport chemical products. The annual award honors UP customers for implementing release prevention, corrective plans and having zero non-accident releases (NARs) of regulated hazardous materials shipments.

Keolis proposes system to reduce MBTA fare evasion

At the MBTA Fiscal Management and Control Board meeting, which took place on April 25, 2016, Keolis presented a new proposal for fare collection that would dramatically reduce fare evasion on the MBTA Commuter Rail system while increasing revenue by up to $24 million annually. Under the Keolis proposal, the MBTA fare collection system would be updated to make it easier to buy tickets, but more difficult to evade fares.

Union Pacific Foundation issues grants in 22 states

The Union Pacific Foundation announced on April 26, 2016 that it is assisting nonprofits in Arkansas, Arizona, California, Colorado, Idaho, Illinois, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming.

TSX accepts CP’s previously announced share repurchase program

Canadian Pacific Railway Limited announced on April 28, 2016 that the Toronto Stock Exchange (TSX) has accepted its notice to implement a normal course issuer bid (NCIB) to purchase, for cancellation, up to 6,910,000 common shares or approximately 5% of CP’s “public float”, as at April 19, 2016. The NCIB is scheduled to commence on May 2, 2016 and is due to terminate no later than May 1, 2017.

AAR: Freight traffic down nearly 12%

For the week ending April 23, 2016, total U.S. weekly rail traffic was 491,946 carloads and intermodal units, down 11.7% compared with the same week last year, the Association of American Railroads (AAR) reported on April 27, 2016.

LILEE Systems makes key appointments, expands into Europe

LILEE Systems, a provider of advanced wired and wireless communication products, solutions and services for the transportation industry, on April 19, 2016 announced that “based on the accelerated acceptance of its solutions in the U.S.,” it has made key appointments to its executive team and expanded its operations into Europe.