The Ladue, Mo., Police Department has confirmed the death of Steven L. Beal, President and CEO of NRE.
Author: William C. Vantuono
The threats to public safety, the environment and the nation’s infrastructure created by allowing trucks larger than the current federal limits have been quantified by a new study released by the Coalition Against Bigger Trucks (CABT). “Increasing the size and weight limits of trucks on the nation’s highways would divert a potentially huge amount of goods from rail to roads, further damaging the nation’s infrastructure, causing greater environmental harm and undermining highway safety,” the study says.
This Rail Group On Air podcast, the second of three and based on a feature story published on line and in the July print and digital issues of Railway Age, introduces Precision
FRA’s Office of Research Development & Technology (RD&T) is sponsoring a research project titled “Assessing the Safety Benefits of a Real‐Time Railroad Crossing Blockage Information System for Emergency Responders.” As part of the project, the agency has contracted Winnipeg, Manitoba-based TRAINFO to develop a model to identify the risk of first responders being exposed to active rail crossings and to quantify benefits of live rail crossing data in the overall emergency response process.
MTA Metro-North Railroad has reconfigured vending machines at 12 stations throughout its commuter rail system to allow customers to purchase PPE (personal protective equipment) KN95 masks, bottled hand sanitizer and gloves at the machines starting July 10, though “free masks and hand sanitizer are still being distributed at stations and on trains for any rider that needs them,” the agency said.
The manual ticket puncher has been a railroad conductor’s stock-in-trade tool for generations. On legacy systems like New Jersey Transit, which traces its roots to fallen flags like the Pennsylvania Railroad and Delaware, Lackawanna & Western, paper tickets are still in use, though they are fast being replaced with mobile phone apps. NJT has now begun a program to equip conductors with high-tech handheld mobile devices that scan and validate both paper and electronic tickets and passes.
GBX Fiscal 3Q2020: “Liquidity Target Achieved, Backlog Provides Forward Visibility” as Furman Postpones Retirement
The Greenbrier Companies, Inc., in its third fiscal quarter ended May 31, 2020, achieved its $1 billion liquidity target and generated operating cash flow in excess of $220 million, with a backlog of an estimated value of $2.7 billion. Concurrently, the company reported that Bill Furman will remain as Chairman and CEO for another two years.
Fitch Ratings has assigned a rating of “A+” to approximately $600 million of Transportation Revenue Bonds (TRB) Series 2020D (Mandatory Tender Bonds) and a rating of “F1” to $500 million of transportation revenue Series 2020B Bond Anticipation Notes (BANs) to be issued by the New York Metropolitan Transportation Authority. The bonds and BANs will be sold via negotiation; the sale date and principal amount are both subject to market conditions. Proceeds will finance existing approved transit and commuter projects. Fitch has affirmed at “A+” approximately $24.4 billion of outstanding TRBs. The Rating Outlook is Negative.
There are things the regulators don’t tell you about marshaling and storing freight cars, such as how to detect rail head wear. Most railroad executives would not know how to do this. This commentary will include a few pointers that your favorite Class I railroad salesperson won’t typically pass on as business intelligence. Bad things can and do occasionally happen in rail yards. Therefore, it is prudent risk management to consider these matters ahead of time.
Some of the nation’s largest shippers and retailers right now are renewing their pursuit of major increases to the size and weight of trucks allowed on the nation’s highways. For example, as