FINANCIAL EDGE, JULY 2019: The longstanding and well-regarded Editor-in-Chief of Railway Age, William C. Vantuono, recently had the dubious honor of rescuing the Leasing and Equipment Finance panel at the Rail Insights Conference, held last month at the Union League Club of Chicago.
Miner Enterprises recently announced that it plans to supply outlet gates and hatch covers for 3,800 new high-capacity grain hopper cars ordered by Canadian Pacific (CP) and Canadian National (CN) railways.
Engineering firm HDR, Inc. recently announced that Doug Morrison has joined the company as Freight Technology Leader.
Wabtec Corp. recently announced that it was selected to provide fully integrated Positive Train Control (PTC), digital imaging, and data transfer and analytics capabilities for Iowa Northern Railway Company.
The only operating example in the world of the largest steam locomotive ever built thundered her way, in May 2019, from Union Pacific’s Steam Shop in Cheyenne, Wyo., to Ogden, Utah, to take part in ceremonies marking the 150th anniversary of the Golden Spike, which completed the nation’s first transcontinental railroad.
Car and locomotive lessor Wells Fargo Rail and Anacostia Rail Holdings Class III property New York & Atlantic Railway have ordered Wi-Tronix Violet Edge onboard technology, which includes Connected Event Recorder, PTC Event Recorder and Digital Video Recorder (DVR), all based on a robust Internet of Things (IoT) platform designed specifically for the rail industry. “Advanced technology enables remote access to synchronized information, in addition to a suite of analytic tools and actionable alerts that make rail operations safer,” Wi-Tronix noted.
Government oil trains were to start running Alberta’s glut of sludgy bitumen to foreign markets July 1 under a US$2.8 billion contract committing provincial taxpayers to the leasing of 4,400 tank cars and guaranteed payments to CN and Canadian Pacific. For the time being, they will be costly ghost trains that earn the railways real money for no haulage.
The Greenbrier Companies (GBX) on July 2 reported 3Q2019 earnings of $15.2 million, or $.46 per diluted share, on a record quarterly revenue of $856.2 million.
Rafael Santana has officially become President and CEO of Wabtec Corp.
Birmingham Rail & Locomotive Co. (BR&L) recently named Jimmy May Director of Operations for its Locomotive Division.