Union Pacific: Golden at 150

COVER STORY, MAY 2019 – Railway Age antecedent American Railway Times, May 15, 1869: “On May 10, the last rail connecting the tracks of the Union and the Central Pacific Railroads was spiked in place, thus giving a continuous railway line across the continent. The blows of the hammer driving home the last spike were heard simultaneously by the aid of the telegraphic wires at the extreme eastern and western sides of the continent; and in many places the marked event was celebrated by the ringing of bells, the firing of salutes, and the interchange of congratulations between the different sections of the country.

Wi-Tronix Violet installations, orders top 2,000

Wi-Tronix, LLC has reached a milestone of more than 2,000 of its Violet Edge locomotive event recorders ordered or installed industry-wide.

STB releases Rate Reform Task Force report

The Surface Transportation Board Rate Reform Task Force has completed a staff report providing its recommendations for “possible changes to the rate review methodologies and processes used by the Board,” STB said.

Elliott joins United Rail board

Former Surface Transportation Board Chairman Daniel R. Elliott has joined the board of directors of Las Vegas, Nev.-based United Rail, Inc., which is in the business of acquiring short line railroads in the freight and passenger excursion operations space, and also owns and licenses the SmartRail brand of “Short Line Electronic Precision Railroading.”

Sharon Kelly Joins WSP USA

Sharon Kelly has joined WSP USA as a Vice President and Senior Project Manager in the firm’s Portland, Ore., office. She will be responsible for leading planning and environmental work on large transit projects nationwide. “Her addition to the firm’s transportation and infrastructure practice strengthens WSP’s transit planning expertise, particularly in the Pacific Northwest,” the company said.

Brian J. Flaherty, 77

STV, Inc. Senior Vice President Brian J. Flaherty died April 15 following an illness. He was 77.

CP 1Q2019: “Strong momentum”

Canadian Pacific, coming off a tough winter, posted first-quarter 2019 increases in revenues and earnings per share, accompanied by a 1.8% operating ratio increase.

UP 1Q2019: “Improved operating performance”

Despite declines in operating revenue and revenue carloads, and coping with severe weather problems, Union Pacific managed to post record first-quarter financial results, based on what it’s calling “improved operating performance.”

Virgin Trains USA, Morgan Stanley: $1.75B in PABs

Virgin Trains USA (formerly Brightline) has closed on $1.75 billion in private activity bonds (PABs) underwritten by Morgan Stanley and purchased by 67 different investors to help fund the company’s expansion from West Palm Beach, on the Florida East Coast Railway, to Orlando. Virgin described the closing as “one of the largest PAB transactions to date.”

Bonamusa named STV VP

STV, Inc. has elevated Senior Director Corporate Communications Jill Bonamusa to vice president.