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Rail traffic inching back toward record levels

The Association of American Railroads Thursday reported gains for September rail traffic compared with the same month last year, with U.S. railroads originating 1,195,671 carloads, up 1.1%, and 949,606 trailers and containers,

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Buffett sees no falloff in recovery

How does the immediate future look to Berksire Hathaway’s Warrn Buffett? Hetold Fortune Magazine‘s Most Powerful Women Summit on Tuesday: "I reallythought in August or September with all the turmoil in the

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Detroit-Chicago corridor gets $196.5 million

U.S. Transportation Secretary Ray LaHood today announced a grant of $196.5million to the Michigan Department of Transportation for track andsignal improvements between Detroit and Kalamazoo, Mich. These improvementswill allow for speeds up

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Railway Interchange 2011 tops 9,000

The Railway Supply Institute has released the official attendance figures for Railway Interchange 2011, and they “exceeded all the hosts’ expectations, hitting 9,000.” Said RSI in a statement, “Anyone walking the show

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APTA: public transit grows to $55 billion industry

With the backdrop of the world’s largest showcase for the public transportation industry, the American Public Transportation Association’s EXPO 2011, the association released an updated report making the case for investment in

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Railroad cost of capital rises to 11.01%

The Surface Transportation Board today announced its decision calculating the railroad industry’s cost of capital for 2010. In Railroad Cost of Capital—2010, Docket No. EP 558 (Sub-No. 14), the board found that

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Bombardier wins APTA Grand Prize Award

Bombardier Transportation has won a Grand Prize Award in the American Public Transportation Association 2011 Annual AdWheel Award competition for the promotion of its BOMBARDIER PrimoveCity solution. As described by Bombardier: "The

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U.S. rail accidents/incidents continue to decline

In this year’s first seven months, 743 large and small U.S. railroads reported 6,229 accidents and incidents, down 7.3% from the same period in 2010, according to the Federal Railroad Administration’s Office

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Ubisense offers yard productivity tool

Ubisense is introducing to the American market a real-time location system, Transit Yard Manager for Rails (TYM), which it says improves rail yard efficiencies and productivity. TYM for Rails provides rail operators

2012 Railroad Financial Desk Book: Stability

Welcome to this year’s edition of the Railroad Financial Desk Book. Each year we try our best to take a look back and a look forward to see if we can discern what the tea leaves have in store for the rail equipment and leasing industries.

Seeking true high speed rail for the Northeast

Amtrak Sept. 28 unveiled an ambitious vision for “Next-Generation High-Speed Rail service” in the Northeast, superseding and complementing its existing Northeast Corridor, and designed to dramatically reduce travel times between Boston and

Canadian Pacific charts a comeback course

Bigger is indeed better for this transcontinental carrier, which is operating some of the longest freight trains in North America. A railroad’s stock performance isn’t its only measure of excellence, but it’s a good one.

LIRR’s new digs

Construction proceeds to give the largest U.S. regional railroad access to Grand Central Terminal, while a revitalized and upgraded Brooklyn hub goes into service. 

Matt Rose and Warren Buffett: Managing the business

According to information in BNSF’s 10Q quarterly filing at the Securities and Exchange Commission, the company paid a dividend of $250 million to Warren Buffett, its only stockholder. Some analysts immediately raised questions about the wisdom and size of the dividend payment.

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Jason Seidl: What

Dahlman Rose & Co. Transportation Analyst (and Railway Age Contributing Editor) Jason Seidl issued an investment advisory Friday that put the recent (and continuing) decline in railroad stocks in a broad context

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N. J. and feds reach agreement on tunnel funds

U.S. Transportation Secretary Ray LaHood announced that under an agreement reached with New Jersey Gov. Chris Christie, the state will reimburse the federal government $95 million for money that was supposed to

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Bombardier touts light rail offerings

Bombardier Transportation has spent several weeks preparing to showcase its North American Light Rail Vehicle at the American Public Transportation Association Expo 2011 Oct. 2-5 in New Orleans. Bombardier plans to hold

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CAF (again) lands Houston LRT order

Houston’s Metropolitan Transportation Authority Thursday approved a $153 million contract with Construcciones y Auxiliar de Ferrocarriles (CAF) for 39 light rail transit (LRT) vehicles, noting the company now was “fully compliant” with

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Michigan House OKs HrSR route funds

By a 101-to-8 vote, Michigan’s House of Representatives Wednesday passed SB 237, a supplemental appropriations bill committing roughly $32 million to match a $358.9 million federal grant, in order to acquire Norfolk