Cowen: “Hard Assets For Hard Times”

Cowen and Company revealed three factors that could position railcar lessors well in the intermediate to long-term: Financial investors looking for hard, yield-generating assets amid further interest rate declines; partial, lease-term-driven insulation; and “our view that lease rates will be first to rebound in the rail equipment market when a freight recovery occurs.”

NOPB Receives $7.29MM CRISI Grant

U.S. Transportation Secretary Elaine L. Chao recently awarded $7.29 million to the New Orleans Public Belt Railroad (NOPB) as part of the Consolidated Rail Infrastructure and Safety Improvements (CRISI) Grant. NOPB said it will use the grant funds for the New Orleans Gateway Rail Fluidity and Capacity Improvements Project.

“Saving America”

A Union Pacific locomotive engineer based in the Pacific Northwest who had just received his notice of exemption from travel restrictions proudly told Railway Age Contributing Editor Bruce Kelly, “We’ve gone from building America to saving it.” This UP field employee in Train & Engine Service has embraced his railroad’s slogan, “Building America,” and his heartfelt statement takes it to a higher level—from motto to mantra.

Rail Group On Air Podcast: Interview With Union Pacific COO Jim Vena

Listen to Railway Age Editor-in-Chief William C. Vantuono’s March 2020 interview with Union Pacific Chief Operating Officer Jim Vena on Unified Plan 2020, UP’s version of PSR, Precision Scheduled Railroading, and how

REMSA Unveils 2020 Scholarship Program

REMSA announced its 2020 Undergraduate Scholarship Program. This year REMSA is awarding one President’s Scholarship in the amount of $7,500 as well as one $5,000 runner-up scholarship, and one individual scholarship at $2,500. The deadline for submitting applications is Friday, May 29, 2020.

Freeman to Join Loram Board

Rail industry vet David Freeman is joining Loram Holdings Inc.’s Board of Directors. Freeman’s background includes 19 years of rail industry experience in engineering and operations roles with BNSF Railway.

Bentley Acquires GroupBC

Bentley Systems, Inc., has acquired GroupBC, a U.K. SaaS software innovator. For more than 20 years, GroupBC and Bentley’s software solutions have been deployed for complementary purposes in an effort to improve project and asset information management.

S-B Rail Group Staff Report: UPDATED MARCH 30—Global Railway Industry Response & Impacts, COVID-19 Pandemic

The World Health Organization has declared COVID-19, otherwise known as the coronavirus, a pandemic, and the U.S. has declared a National Emergency. The global railway industry has been responding. Following is a staff report from the editors at Railway Age, Railway Track & Structures and International Railway Journal that will be continuously updated with the latest developments, the most significant posted up top.

G&W to Implement PST Solutions

PS Technology (PST) announced that Genesee & Wyoming Inc. (G&W) will implement CrewPro Short Line™, a cloud-hosted, subscription-based railroad crew management and Hours-of-Service (HOS) system, and QualPro™, a qualification and training management solution, across its U.S. freight railroads.

Why Intermodal Railcar Purchases Have Stalled

There are multiple contrasting intermodal market outlooks for 2020. Intermodal volume growth is illusive in 2020. One thing is certain: Fewer new intermodal cars are needed.