The New Jersey Transit Board of Directors has approved a $2.6 billion operating budget for fiscal year 2021 and a five-year capital plan.
Marion, Ohio, located in the north-central area of the state, is home to the Marion Industrial Center, a versatile facility ideally suited for owner/operators and investors in Intermodal, Transloading, 3PL (third-party logistics), Automobile Storage and Distribution, and industrial real estate development. Privately owned and operated since 1975, the Center is now available for sale to “owners and operators of logistics and transportation businesses who can utilize it to gain strategic advantage and enhance their overall operations,” according to Cushman & Wakefield’s Managing Director, Whitney Kerr, Jr.
Salco Products is now the exclusive distributor of the Single-Bolt Manway rail tank car system from Baier™ Rail, a division of Baier Marine Co., Inc.
Greenbrier’s fiscal fourth-quarter 2020 financial results (the company begins its fiscal year on Oct. 1 of the prior year) are based on a “strong liquidity position,” and a $2.4 billion railcar backlog of 24,600 as of Aug. 31, which includes fourth-quarter orders of 2,800 cars valued at approximately $250 million.
The six Class I railroads that practice the marketing-term model called Precision Scheduled Railroading (PSR)—all of the “Big 7” except BNSF—are now reporting third-quarter financial results in the remaining days of October. There is, however, an opportunity for a more holistic quarterly briefing. There is an argument for a new checklist of service metrics that would be of interest mostly to customers and, perhaps, public policy groups. However, instead of a balanced scorecard from the carriers, we are mostly seeing accounting reports that cater exclusively to analysts.
Norfolk Southern, Genesee & Wyoming, Watco Companies, GATX Corp. and TrinityRail are developing a telematics platform for railcars to provide real-time car location and condition/health monitoring data. Called “Rail Pulse,” it will help shippers, car owners/lessors and railroads better manage consists, incidents and maintenance. Rollout is expected by year-end 2022.
Union Pacific has reported third-quarter 2020 financial and operating results that “represent another step in our company’s transformation,” Chairman, President and CEO Lance Fritz said, emphasizing the positive aspects of what was largely a difficult quarter.
Focused Technology Solutions (FTS) will introduce the SpikeForce, a battery-operated spike driver that complements its popular SpikeEase spike puller, in mid-November.
Connecticut Department of Transportation Commissioner and Commuter Rail Coalition Co-Founder Joe Giulietti, accompanied by ConnDOT Public Transportation Bureau Chief Rich Andreski, discuss “Transformation and Innovation in the Commuter Rail Realm” with Railway Age
It has now been more than six months since the COVID-19 virus hit the United States and Canada, and also hit transit hard in both nations. The riders disappeared. On some systems, ridership dropped as low as 5% of prior levels. Service plummeted in many places, too. Here at Railway Age and its sibling publications, we kept track of the downward progress of everything on rails: freight and passenger/transit. This writer was on the team that documented rail transit’s decline. Ridership is beginning its slow upward climb; how far up it will eventually go is anybody’s guess. So is service; in some places more than others. This article will present a comprehensive look at how rail transit is returning.
FreightCar America now owns 100% of Castaños Mexico, where all of its future railcar manufacturing is expected to be based by February 2021. It has completed the acquisition of the remaining 50% of its joint-venture partnership with Fasemex (Fabricaciones y Servicios de México).