Author: William C. Vantuono

With Railway Age since 1992, William C. Vantuono has broadened and deepened the magazine's coverage of the technological revolution that is so swiftly changing the industry. He has also strengthened Railway Age’s leadership position in industry affairs with the conferences he conducts, among them Next-Generation Train Control, Light Rail, and Rail Insights. He is the author or co-author or editor of several books, among them All About Railroading; John Armstrong’s The Railroad: What It Is, What It Does; Railway Age’s Comprehensive Railroad Dictionary; and Planning, Engineering, and Operating Light Rail, With Applications in New Jersey.

For Shift5, $20MM in Series A Funding

OT (Operational Technology) cybersecurity company Shift5 has raised $20 million in Series A funding that will be used “to provide enhanced cybersecurity and operational intelligence for commercial transportation fleet operators and military platforms—aircraft, railways, military vehicles.” 645

Stringer: ‘Round the Clock is the New Rush Hour’

New York City Comptroller and mayoral candidate Scott M. Stringer has released a report, “Beyond Rush Hour: COVID-19 and The Future of Public Transit,” calling for adjustments to subway and bus schedules and a major change in how New York State’s gas tax is allocated, among other measures. The report contains ridership variations found by borough, time of day and transit mode “underscoring the need to better align public transit with today’s economy.”

TSB: CN, CP Not to Blame for Lytton Fire

The Transportation Safety Board of Canada (TSB) reports that its investigation following the June 30, 2021 fire that destroyed the town of Lytton, B.C “has not revealed any evidence to link railway operations to the fire. Unless new information establishes that a TSB reportable event occurred, no further work will be performed and no TSB investigation report will be produced.” The wildfire remains under investigation by BCWS (British Columbia Wildfire Service) and the RCMP (Royal Canadian Mounted Police).

Texas Investors Form HSR Station Development Company (UPDATED)

Now that approvals and permitting have been secured from the Federal Railroad Administration and State of Texas, “terminal development is the next step,” high-speed rail hopeful Texas Central said on Oct. 13, when its announced formation of the Texas High-Speed Rail Station Development Corporation (SDC). Meanwhile, two Texas Republican congressmen have sent a letter to the USDOT accusing Texas Central of attempting to engage in questionable business practices.

Cowen 3Q21 Shipper Surveys Say …

An “incremental positive for orders” and “sequentially flat” rate increases characterized Cowen and Company’s third-quarter 2021 Rail Equipment and Rail Shipper Surveys, respectively, report analysts Jason Seidl (Railway Age’s Wall Street Contributing Editor), Matt Elkott and Elliot Alper.

Jefferies to Oberman: Allow Me to Remind You—Again

Continual reiteration of statistical data and talking points is a necessary but often tiring aspect of being an industry trade association. The Association of American Railroads, one of the principal voices of the railroads, has over many years been presenting arguments supporting railroad economic, social and environmental benefits, and pushing back against those who would undermine “sound public policy and balanced regulation.” Now, AAR’s advocacy has encountered a different type of potential “adversary”—activist Surface Transportation Board Chairman Marty Oberman, who has been voicing strong opinions in public forums, most notably, shipper conferences.