CSX to add transload traffic moving through South Carolina inland port
CSX is expected to benefit from the latest South Carolina transportation infrastructure project aimed at moving state agriculture products to inland destinations.
Author: Stuart Chirls
It’s official: Bombardier signs with NJ Transit for Multilevel III contract
Bombardier Transportation made it official, announcing it has signed a contract for 113 Multilevel III commuter rail cars with New Jersey Transit worth as much as $669 million.
Strong start to the year as carloads outgain intermodal
The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
Greenbrier 1Q net off on lower railcar deliveries
The Greenbrier Cos. saw earnings decline on weaker revenue after lower deliveries of new railcars in the first quarter of fiscal 2019.
Port of New York-New Jersey opens rail expansion for inland intermodal
The Port of New York and New Jersey opened a major new expansion of its rail network, capping a five-year plan to expand capacity for cargo destined for outside the region.
Watco gets $450M in Oaktree equity, adds two to board
Watco Companies has formed a strategic partnership with Oaktree Capital Management, L.P., for a $450 million investment of private equity capital in the short line operator.
Former CN ops chief Vena new COO of Union Pacific
As it deploys a new operating system, Union Pacific has appointed Jim Vena as Chief Operating Officer, effective Jan. 14. He was a 40-year veteran of CN before retiring in 2016.
Herzog, W&LE complete PTC testing
Wheeling & Lake Erie and Herzog completed brake testing and preparations for Positive Train Control functionality in revenue service by the end of 2018.
Former Norfolk Southern, CP execs join R.J. Corman board
Short line operator and rail services provider R. J. Corman Railroad Group appointed two longtime Class I railroad executives to its board of directors.
Gonzales new VP, CFO of TTCI
Transportation Technology Center, Inc. (TTCI), the research and testing organization of the Association of American Railroads, announced the promotion of Kari Gonzales to Vice President and Chief Financial Officer.