Geneva, Ill.-based freight car component supplier Miner Enterprises, Inc., has announced its release of an updated Installation and Inspection Pocket Guide. The company says the guide, Version 4.0, is available in English
U.S. freight carload traffic for the week ended March 28 declined 24.4% from the comparable week in 2008, the Association of American Railroads reported, with coal traffic slumping significantly. U.S. intermodal traffic
The Caltrain Board Thursday unanimously approved an agreement with the California High Speed Rail Authority to establish an initial organizational framework where the authority and Caltrain will engage as partners in planning,
After a meeting with senior management, Morgan Stanley analysts William Greene and Adam Longson have concluded that Union Pacific—its only overweight-rated stock in freight transports—is well-positioned for long-term growth. Greene and Longson,
BNSF Chairman, President, and CEO Matthew K. Rose may be a Class I executive, but he is taking a leadership role in passenger rail development, particularly with how it affects the freight/passenger
Bombardier Inc. announced Thursday that it earned a net profit of $1 billion in the fiscal year ended Jan. 31, a record, on revenue of $19.7 billion. The train and plane manufacturer earned $317 million on
Norfolk Southern customers invested $2.2 billion in new and expanded facilities along the railroad’s lines in 2008. The investment is expected of generate 136,000 carloads of new rail traffic annually and create 3,623 new jobs
Washington, D.C.-based Universal Air Travel Plan, Inc. (UATP) has added Amtrak as a corporate partner, allowing corporate card holders to make Amtrak purchases at all points of sale with their UATP cards.
Portland, Ore.’s TriMet will proceed with preliminary engineering for its sixth light rail line, this one to Milwaukie, Ore., with approval from the Federal Transit Administration. FTA’s approval allows TriMet to proceed
Trainyard Tech, LLC has signed an agreement with General Electric Transportation Systems Global Signaling to acquire GE’s PROYARD™ product line. The agreement was signed March 26; transfer of technology and business will
The economy and competition from natural gas is dealing coal production a one-two punch, and that will hurt railroad traffic, according to the latest Dahlman Rose & Co. forecast. “U.S. coal demand
London, Ontario-based Global Railway Industries, Ltd. says its revenue increased 68% to C$61.8 million (US$49 million), for fiscal year 2008 compared with year-earlier totals, while fourth-quarter revenue rose 59% to C$16.6 million
A reduction in acres of grain planted is “not helpful for rail volumes” since today’s plantings will determine carloadings for fourth-quarter 2009 through second-quarter 2010, according to Morgan Stanley & Co. analysts
The American Short Line and Regional Railroad Association (ASLRRA) has recognized seven railroads with its President’s Award, honoring companies “that truly achieved exemplary safety accomplishments, both for the year and over extended
New safety statistics posted on the Federal Railroad Administration’s website Wednesday show that railroad fatalities declined 13.5% to a total of 45 in January compared with January 2008. Trespasser fatalities were down 15.4% to 22
By William C. Vantuono, Editor Does anybody remember The Children’s Investment Fund? You know, the all-knowing activist hedge fund that spent much of 2007 and 2008 strutting about, hurling criticisms at CSX,
Canadian Pacific Railway will receive $C110 million (US$86.9 million), plus additional proceeds of $C22 million based on future freight volume, in a transaction that will see Borealis Infrastructure acquire a majority interest in the Detroit
Palo Alto, Calif., is hiring legal counsel to object to plans by the California High Speed Rail Authority to route trains along Caltrain right-of-way. The city council claims the authority’s 2008 environmental
Canadian National Tuesday announced the appointment of four executives to leadership positions in operations, effective immediately. CN said Gordon Trafton (pictured), senior vice-president, Southern Region, is now senior vice-president, Strategic Acquisitions and
Ontario provincial leaders have introduced legislation to merge GO Transit, the transit system serving metropolitan Toronto, with Metrolinx, the regional planning agency charged with growing public transit in the Greater Toronto Area.
