RGCX leasing

Corrum Capital acquires lessor RGCX

A car-leasing company has been acquired by an equity firm, the latest sign that Wall Street is bullish on railroading.

GE brings EdgeLINC™ to the cutting edge

GE Transportation, in the midst of its acquisition by Wabtec Corp., is introducing new capabilities and features to its EdgeLINC™ Industrial Internet of Things (IIoT) platform, “extending its scalability, device support and deployment options.”

LRW offers Connie Sumara Memorial Scholarship

The League of Railway Women (LRW) is accepting applications for the 2018 Connie Sumara Memorial Scholarship. A $1,500 scholarship will be awarded to a woman involved in the rail industry who is pursuing post-secondary studies.

Three pillars of a sustainable career

While technology is driving the new era of railroading, the need for a rock-solid foundation is paramount. The foundation of the railroad industry is training. Just like the Roman Pantheon, an ancient building with a solid foundation and large round pillars that support the stone roof, the pillars of empowerment, compensation and technology must hold up the “roof” of railroading goals that support the desired outcomes like car-count, safety and velocity.

NYAB names Camilo CEO

New York Air Brake (NYAB) has appointed Ulisses Camilo President and CEO. Camilo will succeed current President and CEO Michael J. Hawthorne, who has accepted the position of President and CEO at Bendix Commercial Vehicle Systems LLC, a sister company within the Knorr-Bremse Group, NYAB’s parent company.

PFL: Headwinds, though short-term, for CBR

The June 13, 2018 report from PFL Petroleum Services, a full-service railcar company covering the North American rail market (sales and leasing, loaded and empty storage, mobile railcar cleaning, blasting, scrapping and mobile repair) says that CBR (crude by rail) traffic is growing in the U.S. and Canada, albeit with some short-term headwinds.

CN ramping up capacity

CN is investing C$400 million in new capacity this year, primarily in western Canada and the Edmonton-Chicago corridor. Projects currently in progress include 60 miles of double track, 11 new sidings or siding extensions, and eight yard expansions. All should be completed in November.

Amsted Rail forms Amsted Digital Solutions

Amsted Rail has formed a new company to deliver onboard telematics and wireless sensor solutions for freight railcars and other unpowered rail assets.  

CP replacing grain hopper fleet

Canadian Pacific plans to invest more than a half-billion dollars in nearly 6,000 new high-capacity grain hopper cars, and expects to place more than 500 in service before the end of 2018, increasing capacity of its unit grain trains. National Steel Car, Hamilton, Ont., has received CP’s initial order for 1,000 units.

Maine Derby shops

Central Maine & Quebec opens tank car facility

New England has a major new facility for the cleaning, repair, and fleet management of tank cars.