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GO Transit orders locomotives from MotivePower

Wabtec Corp. says its MotivePower subsidiary has been awarded an $85 million option order to build an additional 20 MPXpress locomotives for GO Transit. The contract follows an original order for 27 locomotives, already delivered.

Hill International to manage LACMTA Gold Line work

The Los Angeles County Metropolitan Transportation Authority has chosen Hill International to manage the Metro Gold Line Foothill Extension Construction Authority, an LACMTA affiliate overseeing the design and construction of the $458 million, 11.4-mile extension of Gold Line light rail service from Pasadena to Azusa, Calif.

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Conference Registration

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NJ Transit sets sights on more EMUs

After investing heavily in Bombardier multilevel cars to augment its fleet, New Jersey Transit now says it’s ready to acquire electric multiple-unit (EMU) equipment to supplement its existing fleet of Arrow III

EPA: Next two years will be “difficult”

Economic Planning Associates sees 2009 and 2010 as “difficult” years for the freight railcar industry, based on the economic and financial environments as well as EPA’s analyses of customer market activities.

Commentary
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From the Editor: The battle lines are drawn—again

By William C. Vantuono, Editor February 2009  Twenty-nine years after the Staggers Rail Act freed the railroads from the shackles of excessive regulation and sparked a renaissance, the specter of re-regulation is

STB revises cost of capital methodology


The Surface Transportation Board has issued a final decision on its method for calculating the railroad industry’s cost of capital. STB has adopted a simple average of a Capital Asset Pricing model (CAPM) and a multi-stage Discounted Cash Flow (DCF) model to calculate the cost of equity, which is one component of the cost of capital. STB said this methodology “will yield a more precise determination than relying on CAPM alone.”

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Short Line and Regional Perspective: It never ends, does it?

By Tony Krugliski, Financial Editor

The other day, I asked a friend if he had seen a decline in home values in his town and if so, how much the values had declined. “Well,” he responded, “we really haven’t noticed much of a decline in values—but then again we haven’t seen any sales in my neighborhood for some time.”

 

Commentary
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From the Editor: “This is a very exciting field”

By William C, Vantuono, Editor

January 2009

Railroader of the Year Michael Ward handles multiple responsibilities in his role as CSX’s chief executive. Among the more difficult is staffing for the company’s future, on both the agreement and non-agreement sides. Here’s what he had to say during our interview for this month’s cover story:

 

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RailwayAge Website Directory

BEARINGS    Brenco  www.brencoqbs.com    The Timken Company  www.timken.com    CAR HOISTS    Railquip, Inc.  www.railquip.com    CAR MOVERS    Central Manufacturing  www.shuttlewagon.net    Railquip, Inc.  www.railquip.com    COMMUNICATIONS & SIGNALING, TRAIN

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Links To Important Rail Industry Information

Other Simmons-Boardman Railway Magazines and Information Resources, Products, and Services  Simmons-Boardman Publishing Corporation Home Page Railway Track & Structures International Railway Journal Simmons-Boardman Books, Inc. The Railway Educational Bureau TransAlert Class I

AAR rebuts “shipper abuse” charges

From the Association of American Railroads has come a sharp rebuttal to charges that that the railroads are “abusing shippers.” It came in response to an editorial that appeared Dec. 22 in the Capital Times of Madison, Wis., under the headline, “Antitrust Rules Needed for Freight Railroads.”