Wabtec Corp. will open a new additive manufacturing facility in spring 2021 at the Pittsburgh Airport Innovation Campus.
The Railway Supply Institute has elected Tricia Charles, Jeff Lytle and Harrison Wadsworth to its board of directors for three-year terms beginning Jan. 1, 2021. As well, RSI Vice President Government and Public Affairs Nicole Brewin was appointed to the Federal Railroad Administration Rail Safety Advisory Committee (RSAC).
According to two third-quarter 2020 surveys conducted by Cowen and Company analysts Jason Seidl, Matt Elkott and Adam Kramer, freight car order expectations by the shipper sub-group of railcar buyers have risen, “reflecting a net incremental positive for demand”; and rail shippers expect rail price increases of 3.1%, up 80bps sequentially, as “economic expectations increased sequentially and many are now in line with the survey’s averages, if not higher.”
FreightCar America says it has completed key steps in its “manufacturing repositioning and business transformation strategy,” which includes closing its Shoals facility in Cherokee, Ala., by first-quarter 2021, and starting railcar shipments from a new production facility in Castaños, Mexico, by the end of 2020.
Railway Age is honoring 24 women for its 2020 Women in Rail awards program.
Industry 4.0 (also known as the Fourth Industrial Revolution) is a reality. Railroads, including their partners in the transportation supply chain, are at the beginning of their journey to establishing true end-to-end
Career rail transportation journalist J. David Ingles, who spent 47 years at Kalmbach Publishing editing Trains and Classic Trains, died Oct. 4 after a brief illness. He was 79.
FROM THE EDITOR, OCTOBER 2020 ISSUE: I am not a fan of William Shakespeare. Frankly, I find him difficult to read, though methinketh he doth said some pretty cool stuff: “This life, which had been the tomb of his virtue and of his honour, is but a walking shadow; a poor player, that struts and frets his hour upon the stage, and then is heard no more: It is a tale told by an idiot, full of sound and fury, signifying nothing.” Or, “There is a tide in the affairs of men, which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.”
Welcome to the 2021 Railway Age Railroad Financial Desk Book. It’s been about seven months since the COVID-19 pandemic began in earnest in the U.S. Generally, people, and by extension the rail finance community, would like things/business to return to normal. Normal, however, is as much a state of mind when it comes to North American rail, since heading into the pandemic, rail was heading into a softening market hoping for a rebound.
RAILWAY AGE, OCTOBER 2020 ISSUE: The railroad industry has been monitoring various aspects of rail vehicle health for decades using wayside detectors. These detectors have improved the operational safety and efficiency of the North American rail network, but there are drawbacks: Wayside detectors must be strategically placed to maximize traffic coverage, for example. What if, rather than getting an “inspection” once every eventual passing of a wayside detector, it was possible to continually monitor rail vehicle health in operations?