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.
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.
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
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).
The U.S. Senate Committee on Commerce, Science, and Transportation on Oct. 21 convened a hearing on the state of the U.S. passenger and freight rail network. Railroad, shipping and union representatives provided testimony, which included the impacts of COVID-19, legislative considerations for surface transportation reauthorization, and Amtrak’s ongoing struggles. Senator Roger Wicker (R-Miss.) is Chair of the Committee. Following are highlights from the presenters, with downloadable PDFs of their full written testimony.
Trinity Industries, Inc. has reported financial and operating results for third-quarter 2020 that reflect “solid execution against numerous headwinds, including competitive pricing, declining deliveries, and difficult decisions in rightsizing our operations,” CEO and President Jean Savage said.