Opinion: The Children’s Investment who?
By William C. Vantuono, Editor, Railway Age Last year’s contentious proxy battle involving CSX and activist hedge fund The Children’s Investment Fund Management UK LLP is a fast-fading memory. TCI did manage
news
Wabtec gets $75 million order from New York City Transit
Wilmerding, Pa.-based Wabtec Corp. Tuesday said it has received option orders worth $75 million from New York’s Metropolitan Transportation Authority to provide supply components for MTA’s R-160 subway car program. The order
Kentucky neighbor lauds Cincinnati streetcar plan
Newport, Ky.’s City Commission Monday adopted a resolution supporting efforts of its larger Ohio neighbor, Cincinnati, to establish a $185 million streetcar system. Newport’s resolution carries no fiscal weight, but rail supporters
RailComm provides system for CSX Tennessee terminal
RailComm has provided a wireless control yard system at CSX Transportation’s Erwin Terminal in Erwin, Tenn. Three RailComm Local Control Panels provide remote control to 31 GE Transportation System HydraSwitch power switch
Amtrak gets funding for Western services
Amtrak will receive $137.2 million in federal funding for two of its West Coast services, the long-distance Coast Starlight and its Pacific Northwest Cascades service. The Coast Starlight, running between Los Angeles and
Court backs LA/Long Beach truckers on clean air oversight
In a victory for the American Trucking Associations, the U.S. Court of Appeals 9th Circuit has ruled that several provisions of California’s clean-truck program, aimed to reduce pollution at the ports of
Vermonters call for extending Amtrak Ethan Allen service
Members of Vermont’s Presidents of the Lake Champlain Regional Chamber of Commerce, Rutland Regional Chamber of Commerce, and the Addison County Chamber of Commerce on Monday were set to announce their organizations’
Opinion: A “new” U.S. passenger railcar industry?
By Gene Skoropowski, Managing Director, Capitol Corridor Joint Powers Authority On March 16, China’s Ministry of Railways signed a $5.7 billion contract with domestic manufacturer China CNR Corp. for 100 220-mph high
Metropolitan Railway Club of New York offers scholarship
The Metropolitan Railway Club of New York has announcedapplications are available for the Richard J. Collins Memorial TuitionScholarship. “Dependents of club members are eligible to apply for this tuitionscholarship if the club
Robert A. Nelson, “Father of the Metroliner,” dies
Robert A. Nelson, 89, a teacher and transportation authority who pushed for high speed rail in the Northeast Corridor and was known as "the father of the Metroliner," has died following complicationsresulting
Virginia commits state funds to add Amtrak service
In a first for “The Old Dominion State,” Virginia will provide $25.2 million in state funding to run two round-trip Amtrak trains serving Washington, D.C., over a three-year period. One train would
Amtrak labor force to get back pay May 1
Amtrak employees will receive 100% of their back pay on May 1, according to Amtrak President Joseph Boardman, who informed UTU International President Mike Futhey of the move Thursday. Boardman said the
Rail rate of return rises to 11.21% in 2008
The Class I railroad rate of return on net investment increased to 11.21% in 2008 from 10.10% in 2007, according to statistics released by the Surface Transportation Board on Thursday, March 19.
Claude Brinegar, transit funding advocate, dies at 82
Claude S. Brinegar, an oil industry executive who served as U.S. Secretary of Transportation under Presidents Richard Nixon and Gerald Ford and became a persuasive advocate of federal funding of mass transit, died in Palo
Freight traffic doldrums continue
U.S. freight traffic for the week ended March 14 fell 15% from the comparable week a year ago, the Association of American Railroads reported, though traffic was up 1.5% from the previous
Indiana Rail Road to tap new coal business
The Indiana Rail Road Co. says it has signed an agreement with Peabody Energy to construct a 5.2-mile rail spur to Peabody’s new Bear Run Mine in Sullivan County, Ind., which it
St. Paul Council OKs Central Corridor LRT routing
The St. Paul, Minn., City Council Wednesday approved the proposed $914 million, 11-mile Central Corridor light rail line linking downtown St. Paul with Minneapolis and the existing Hiawatha Line LRT. The approval makes it more likely that the project will remain on schedule and also receive federal funding.
Ward honored as Railroader of the Year
In front of a March 17 capacity crowd at Chicago’s Union League Club, CSX chief executive Michael J. Ward accepted Railway Age’s 2009 Railroader of the Year Award. During his acceptance speech,
Obama Administration picks Szabo for top FRA post
President Obama late Wednesday, March 18, nominated Joe Szabo to head the Federal Railroad Administration (FRA). Szabo is the Illinois state legislative director of the United Transportation Union (UTU). Szabo is a
Ontario offers grant to Thales Rail Signalling
Ontario is providing a C$12.8 million (US$10 million) grant to support a five-year investment by Thales Rail Signalling Solutions worth C$85 million (US$67 million) to improve the province’s rail transit signaling technology.