American Railcar Industries, Inc. has listed a “sizable order” of 3,500 freight cars from lessor CIT Rail Resources in its March 1, 2011 Securities & Exchange Commission Form 10-K, KeyBanc Capital Markets,
GE Transportation has awarded SKF Railway Business Unit North America its “2010 Supplier of the Year” Award. SKF was selected from a field of more than 1,000 suppliers following a rigorous internal evaluation process at GE Transportation.
GE Transportation has awarded SKF Railway Business Unit North America its “2010 Supplier of the Year” Award. SKF was selected from a field of more than 1,000 suppliers following a rigorous internal
Alleged corruption in China’s $300 billion high speed rail initiative has led to the dismissal of Zhang Shuguang, deputy chief engineer of the Ministry of Railways (pictured), who has played a high-profile
RailAmerica, Inc. has appointed Harold D. Tynes president of its Atlas Railroad Construction Co. subsidiary and named Jeffrey D. Sciullo assistant vice president-transit for Atlas. Tynes (pictured) joined RailAmerica in July 2007
MTA Metro-North New Haven Line riders on Tuesday welcomed the first set of new M-8 cars supplied by Kawasaki and featuring technological advances designed to eliminate some of the problems that have
Switzerland’s BLS AG has placed an order with Bombardier Transportation, in consortium with Alstom Transport, to supply four additional Lötschberger multiple units. The contract is valued at $41 million. Bombardier Transportation’s share
Bombardier Transportation Wednesday said subsidiary BT Signaling B.V. has purchased a stake in the signaling equipment manufacturer United Electrical Engineering Plants, known as Elteza. BT Signaling B.V. purchased a 25% stake in
Railinc Corp. said Wednesday it will participate in the 25th annual Rail Equipment Finance Conference in La Quinta, Calif., on March 7, 2011. Cary, N.C.-based Railinc representatives will be presenting its 2010
RailComm said Wednesday it has completed installation of its Yard Automation System at Transnet’s Kimberley Yard in South Africa. The automation system includes the RailComm DOC® (Domain Operations Controller) server-based, central-control system
Xorail Inc., a subsidiary of Wabtec Corp., said Wednesday it has signed a $165 million contract to design and install Communications-Based Train Control (CBTC) for MRS Logistica, which operates the Southeastern Federal
Highway-rail and trespassing accidents are responsible for more than 95% of all fatalities reported by U.S. railroads, the Federal Railroad Administration’s Office of Safety Analysis noted as it released preliminary accident/incident statistics
South Florida Regional Transportation Authority’s (SFRTA) governing board has approved a contract for the construction of 10 passenger locomotives by Brookville Equipment Corp. for its Tri-Rail regional rail service serving Miami-Dade, Broward,
In a letter addressed “To the Shareholders of Berkshire Hathaway Inc.” dated February 26, Chairman Warren E. Buffett hailed the holding company’s acquisition in 2010 of BNSF Railway as a key factor
Norfolk Southern late Monday said Erskine B. Bowles has been elected a director of the corporation. Bowles served as president of the University of North Carolina from 2006 to 2010, when he
Seismic market shifts in the oper- ating leasing marketplace for railcars are providing new opportunities for lessors to put cars parked in the grass back into revenue service. For lessees facing lease terminations for equipment they need, the opportunities look more like risks. This month, I’ve interviewed my partner David Nahass, who represents both lessors and lessees in a variety of situations. Here is what he has to say about this evolving operating leasing marketplace.
What would E. H. Talbott, Railway Age’s first editor, think of social media? I’m sure that at the very least, he’d be skeptical at first. Social media like Facebook and Twitter, like the title of the final Star Trek movie with the full original cast (William Shatner, Leonard Nimoy, etc.), is still regarded by many as “the undiscovered country,” though the railroads are beginning to sit up and take notice.
A railroad’s infrastructure may not always be thought of as a profit center, but how productively it’s built and maintained goes directly to the bottom line.
Growth, planning goes on through budget crises
Rosement, Ill.-based CF Rail Services, a subsidiary of Chicago Freight Car Leasing, said Monday it has acquired Waycross, Ga.-based Mobile Railcar Cleaning Co., which will operate under a new name, Waycross Railcar.
