Rising from the destruction inflicted by the 9/ll 2001 terrorist attack, the New York Metropolitan Transportation Authority’s new, $1.4 billion Fulton Street Transit Center in lower Manhattan reached a milestone Tuesday with
Iowa Pacific Holdings, LLC has agreed to sell the Arizona Eastern Railway Co. to Genesee & Wyoming, Inc. in a $90.1 million cash transaction, subject to post-closing adjustments. The Arizona Eastern was
A preliminary count by the Federal Railroad Administration Office of Safety Analysis shows that U.S. railroads reported 290 rail-related fatalities in the January-May period of 2011. Fatalities at highway-rail grade crossings totaled
CSX is building a privately funded $15 million, 34-acre intermodal terminal in Louisville, Kentucky. The terminal, which is slated to begin operations in early 2012, will provide intermodal service to customers and
The latest freight car market analysis from Economic Planning Associates shows that the carbuilding backlog grew about 10% in the second quarter of 2011, compared to the previous quarter “In spite of
Employment on U.S. Class I railroads reached 159,340 in June, an increase of 1.15%, or 1,688 workers over May and a 5.16% increase over June 2010. Train crew employment (transportation-train and engine)
Your short line faces higher fuel prices, health costs escalating at a rate you can’t predict, limited ability to increase per-car divisions with your Class I connections, and has about worn out
Washington, D.C. and Cincinnati may become the first U.S. cities to purchase dual-power streetcars—and they’ll have plenty of options to choose from.
Canadian Pacific has harnessed the latest train control and planning technologies to drive forward its successful long-train program.
The first half of 2009 was a tough time for Canadian Pacific Railway. In the grip of a sharp global economic downturn, the company saw year-on-year volumes plummet by up to 35%, and the railroad was running at less than 55% of capacity.
Kansas City Southern looks to its new international intermodal corridor for sustained growth.Kansas City Southern is “the best growth story in rail.” That proclamation, made recently by Dahlman Rose Director-Equity Research and Railway Age Contributing Editor Jason Seidl, characterizes a railroad that for the past 15 years has grown and prospered under the leadership of Mike Haverty, one of this industry’s great entrepreneurs.
An elder statesman among the growing crowd of U.S. transit properties, Massachusetts Bay Transportation Authority—the “T”—holds to its vision: expand its service area and service options. Watch Boston TV, listen to a radio station, and/or read a Boston-area newspaper (or news/opinion website) even casually and you’ll find feedback on Massachusetts Bay Transportation Authority.
The Surface Transportation Board released Friday a new user fee list that incorporates a recent decision to reduce fees for filing formal complaints, including rate complaints and unreasonable practice complaints, to $350,
GATX Rail earned a profit $56.7 million in the second quarter of 2011, compared with $29.4 million to second-quarter 2010. GATX Corp. said the improvement in Rail segment profit was driven by
An agreement between Amtrak and the North County Transit District will allow California COASTER customers to supplement monthly passes with a COASTER-Rail2Rail-UPGRADE. The upgrade opens access to Amtrak California Pacific Surfliner trains
McKeesport, Pa.-based Maglev, Inc., the frontrunner expected to land any maglev project serving Pittsburgh International Airport, has filed for Chapter 11 bankruptcy as it attempts to reorganize and await a $28 million
The Metropolitan Transportation Authority (MTA) today announced an “innovative and pragmatic financing strategy” to fill a $$13.6 million funding gap that looms in the final three years of its 2010-2014 capital program.
The Los Angeles Metro Gold Line Foothill Extension Construction Authority has awarded a $485.9 million design-build contract to Foothill Transit Constructors, a Kiewit Parsons joint venture. Authority directors called the contract “a
RailAmerica, Inc. second-quarter results include income from continuing operations of $8.7 million, or 17 cents per diluted share, compared with a loss from continuing operations of $4.2 million, or 8 cents per
U.S. freight carload traffic for the week ending July 23, 2011 advanced 1.4% compared with the same week in 2010, the Association of American Railroads said Thursday. U.S. intermodal volume edged up
St. Charles, Mo.-based American Railcar Industries late Wednesday reported a second-quarter profit of $569,000, or 3 cents per share, compared with a loss of $5.9 million, or 28 cents per share, in