Rail equipment finance veteran Andrew J. Falcone has joined Railroad Financial Corp. as a Vice President, based in Boston.
Rail industry veteran Theodore W. “Ted” Baun will be joining MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Chief Commercial Officer, effective July 1. He will be responsible for fleet utilization, revenue generation and customer support operations, as well as “playing an integral role as part of the corporate leadership of MULR in planning and architecting the growth of the platform and the fleet as we drive toward our near-term objective of having a 25,000-car portfolio by the end of 2020,” the company said.
Canadian Pacific (CP) recently announced that it took home the Best Logistics Service Provider – Rail award at the Asian Freight Logistics and Supply Chain Awards (AFLAS) in Hong Kong.
Railroad tank cars transporting TIH (toxic inhalation hazard) substances in Canada will be required to have heads and shells constructed of normalized steel under updated Transportation of Dangerous Goods Regulations established by Transport Canada. The new rules, which take effect July 2, 2021, are consistent with updated U.S. regulations. Normalized steel undergoes heat treatment that increases its durability and resistance to cracking at low temperatures.
A revolutionary track design to stage and process more trains more efficiently through loading and unloading terminals was recognized at The American Council of Engineering Companies (ACEC) Engineering Excellence Awards Gala in Washington, D.C., on May 7, 2019. ACEC’s Grand Award was given to Omaha-based HDR, Inc., for its patent-pending Infinity Loop.
The Federal Railroad Administration (FRA) recently announced that 45 projects in 29 states will benefit from $326 million-plus in grant money under the Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program and the Special Transportation Circumstances (STC) Program.
Railway Age, June 2019 Issue, Combining Big Data Analytics With Remote Monitoring: Advancing safe and efficient rail operations continues to be a primary focus of North American freight railroad operations. What is particularly exciting right now is that the data available to railroads, both in its detail and volume, enables them to manage their operations in ways that were not possible before.
Norfolk Southern (NS) recently announced that it is preparing to unveil TOP21, its Precision Scheduled Railroading (PSR) operating plan.
As of the end of May 2019, Canadian Pacific (CP) set a grain record by moving 22.5 million metric tonnes (MMT) of Canadian grain and grain products since the start of the 2018-2019 crop year.
The Greenbrier Companies, Inc. announced that its Senior Vice President and acting Chief Financial Officer Adrian Downes has been appointed Chief Financial Officer.