Author: Mischa Wanek-Libman

Rail supply industry contributed $74.2B to GDP

A new report from Oxford Economics has found that the railway supply industry’s total contribution to U.S. gross domestic product (GDP) in 2017 was $74.2 billion, which highlights the industry’s significant economic impact, said industry stakeholders.

From FRA, a $200MM PTC infusion and an upbeat progress report

The Federal Railroad Administration (FRA) has awarded more than $200 million in funds to assist with the deployment of Positive Train Control (PTC), with a second solicitation expected soon for a remaining $46 million. As well, the agency released its second-quarter 2018 PTC progress report, which shows “significant improvement.”