Locomotives

A New Decade of Post-PSR Service Planning Starts Now

2019 will be remembered as the year of Precision Scheduled Railroading (PSR) and for the great traffic drought in North American railroading. PSR has indeed helped deliver the eye-popping levels of operating ratios (OR) that rail executives could once only dream about, and many of the Class I’s set record ORs throughout the year.

Wabtec Acquires RELCO Locomotives

Wabtec Corp. has acquired RELCO Locomotives for $29 million, on a cash- and debt-free basis. All conditions for the acquisition are complete and the transaction will be accretive in year one. RELCO’s projected sales for 2019 are roughly $50 million.

VIDEO: Pat Ottensmeyer, 2020 Railroader of the Year

The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain. In this interview with Railway Age Editor-in-Chief William C. Vantuono, Ottensmeyer talks about his efforts on behalf of the North American rail industry to support mutually beneficial trade and robust economic growth to help ensure that the rail industry has a voice, working with public- and private-sector leaders to strengthen bilateral commercial ties.

FRA NPRMs Address Track, Brake Inspection Requirements

The Federal Railroad Administration (FRA) on Dec. 19 issued two Notices of Proposed Rulemakings (NPRMs), one updating current Track Safety Standards (TSS), the other updating existing Brake System Safety (BSS) requirements. FRA said the proposed rules changes are designed “to promote safety innovation and reduce unnecessary regulatory burdens.” Both “will increase rail safety as well as save time.”