With an aim to serve myriad industries with efficient rail access, RCR Hempstead Logistics Park recently held a groundbreaking reception.
Rail and track material provider Birmingham Rail & Locomotive Co. (BR&L) recently announced that it has acquired Austintown Rail Supply (ARS), a supplier of switching materials and other railroad track products.
The Southern California Regional Rail Authority recently awarded the Talgo-SYSTRA tandem a contract worth $138.9 million to rebuild up to 121 Metrolink-operated Bombardier Rail Cars. The base order is for 50 cars with an option for up to 71 additional units.
On May 8 more than 400 representatives from the railroad industry participated in 350 Congressional meetings as part of our annual Railroad Day on Capitol Hill.
THE FINANCIAL EDGE, MAY 2019 – In a recent TED talk, Twitter CEO Jack Dorsey suggested that, in an attempt to combat abusive speech and harassment, Twitter would consider moving from threads written by individuals to topic threads. Dorsey suggested these interest networks would be easier to monitor for Twitter code of conduct breeches.
CN projects high single-digit Rail Traffic Mile (RTM) growth during 2019 and price increases above industry inflation rates.
FROM THE EDITOR, MAY 2019 – By the time you read this, the largest steam locomotive ever built will have thundered her way 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.
The Big Boy is back, baby!
COVER STORY, MAY 2019 – Railway Age antecedent American Railway Times, May 15, 1869: “On May 10, the last rail connecting the tracks of the Union and the Central Pacific Railroads was spiked in place, thus giving a continuous railway line across the continent. The blows of the hammer driving home the last spike were heard simultaneously by the aid of the telegraphic wires at the extreme eastern and western sides of the continent; and in many places the marked event was celebrated by the ringing of bells, the firing of salutes, and the interchange of congratulations between the different sections of the country.
Canadian Pacific (CP) recently declared a quarterly dividend of $.83 per share on the outstanding Common Shares, an increase of 27.5% to the previous dividend of $.65 per share.