Progress Rail Sells Maintenance Equipment Leasing Business
Progress Rail has sold its Progress Rail Equipment Leasing (PRELC) subsidiary to affiliates of Paceline Equity Partners, a Dallas-based private equity manager.
Progress Rail has sold its Progress Rail Equipment Leasing (PRELC) subsidiary to affiliates of Paceline Equity Partners, a Dallas-based private equity manager.
RAILWAY AGE, NOVEMBER 2019 ISSUE: Enhanced energy management systems, smart end-of-train devices and moving-block signaling and train control are all under development at Union Pacific as it embarks on a journey to autonomous operation.
Genesee & Wyoming Canada (GWC) will cease operating Northern Ontario’s Huron Central Railway (HCRY) in early 2020 after failing to secure sufficient capital investment from the Ontario provincial and Canadian federal governments to keep the 172-mile line in northern Ontario open.
IRJ at RAILWAY INTERCHANGE 2019: Local supplier Robolube hosted demonstrations of its advanced gauge face lubricator system at BNSF’s Northtown Yard outdoor exhibition area in Minneapolis. The system “offers complete wheel lubrication coverage and no waste, eliminating potential environmental contamination,” the company said.
IRJ at RAILWAY INTERCHANGE 2019: One of the highlights of the outdoor exhibit was Harsco’s TX16 tamper, the supplier’s first new tamper vehicle since the 1990s, which it is supplying to CN.
IRJ at Railway Interchange 2019: Voestalpine is exhibiting a concrete sleeper with a new fastening system designed to offer the strength and gauge holding ability of a concrete sleeper with the modulus of wood.
As railways push ahead with digitalization, more and more are engaging and implementing solutions from a new form of supplier: the tech start-up. This is changing the railway-supplier relationship and altering the industry’s wider approach to innovation, as IRJ’s Kevin Smith discovers.
Brightline, Florida’s new private passenger operator, has announced that it will launch an introductory service between Fort Lauderdale and West Palm Beach during the week of Jan. 8.
Kansas City, Mo., celebrated the return of light rail to its streets after a 59-year hiatus on May 6th with the opening of a 2.2-mile line from River Market via the city center to Union Station.
Light Rail could make a return to New York City under plans announced by Mayor Bill de Blasio on Feb. 4, 2016.