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.
Wabtec Corp. said Monday it has acquired Brush Traction Group, a British-based provider of locomotive overhauls, services, and aftermarket components, for about $31 million. With facilities in Loughborough, England, and Kilmarnock, Scotland,
In a move possibly reflecting Florida’s political significance, the Department of Transportation has extended by one week its deadline for a decision by the Sunshine State to use, or reject, federal funds
Affirming his disdain for high speed rail, Florida Gov. Rick Scott late Thursday rejected a hastily arranged plan to rescue the state’s proposed 84-mile, $2.39 billion high speed rail line between Tampa
The Los Angeles County Metropolitan Transportation Authority board Thursday made good its oft-stated intent to approve $75 million for purchase of Los Angeles’ Union Station, a rebounding rail and transit hub. The
Houston’s Metropolitan Transit Authority of Harris County (METRO) said Thursday its Board of Directors approved funds to purchase 19 Siemens light rail transit vehicles, Delivery could begin as early as October 2012,
U.S. freight carload traffic rose 8.2% in the week ending Feb. 19, measured against the comparable week one year ago, the Association of American Railroads said Thursday. U.S. intermodal volume for the
American Railcar Industries, Inc. late Wednesday reported a net loss of $7.8 million in its fourth quarter, on revenue of $95.3 million, compared with a fourth-quarter 2009 net earnings of $10.5 million
L.B. Foster Co. Thursday said its fourth-quarter net income increased by 59.5% to $6.2 million, or 60 cents per diluted share, compared with $3.9 million, or 38 cents per diluted share, in
