News

ARM Lands Long-Term ST Contract

Seattle’s Sound Transit has awarded a multi-year, $24 million contract for rail grinding, polishing and engineering inspection services to Advanced Rail Management Corp. (ARM). The contract includes corrugation measurement and track geometry, ultrasonic and eddy current testing as part of the inspection and quality assurance requirements.

The Cowen and Company analysts reported that Kansas City Southern “again” received the highest “positive” rating, followed by BNSF in their 4Q Rail Shipper Survey.

Cowen 4Q20 Surveys: Rail Pricing, Car Orders Up Slightly, Say Shippers

Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper.

Receiving CARSI grants are: Metrolink operator Southern California Regional Rail Authority ($14,771,250); Massachusetts Bay Transportation Authority ($1,000,000); New York State Department of Transportation, Metropolitan Transportation Authority and MTA Metro-North Railroad ($19,728,000); Southeastern Pennsylvania Transportation Authority ($3,335,000); and Washington state’s Sound Transit ($1,421,500).

USDOT Awards $40.26MM for Commuter Rail Grade Crossing Improvements

Five commuter rail agencies will receive a total of $40.26 million in grants for highway/rail grade crossing improvements from the Federal Highway Administration (FHWA), in coordination with the Federal Railroad Administration (FRA) and Federal Transit Administration (FTA). The awards are part of round one of the Commuter Authority Rail Safety Improvement (CARSI) Grants Program.