Record revenues for Kansas City Southern
Despite some network issues, Kansas City Southern saw record revenues in the third quarter that were 6% higher at $699 million from a year ago.
Breaking News
Record quarter right “on schedule” for Canadian Pacific
The math for North America railroads is simple: A surging economy plus Precision Scheduled Railroading equals record profits.
Tunneling on LACMTA Purple Line Extension Project begins
The Los Angeles County Metropolitan Transportation Authority (LACMTA) has launched tunneling work on its Purple Line subway extension.
Butler moves up to CFO at Sound Transit
Sound Transit has appointed Tracy Butler, a longtime executive of the Seattle agency, as chief financial officer.
Thales introduces SelTrac™ G7 to North America at Next-Gen Train Control
Thales Canada Transport Solutions introduced SelTrac™G7, the 7th generation of its CBTC (communications-based train control) system, to the North American market on Oct. 19 at the Railway Age/Parsons Next-Generation Train Control Conference in Philadelphia.
Cuomo urges federal help on Hudson tunnel repairs
New York Gov. Andrew Cuomo toured one of the two North (Hudson) River rail tunnels on Amtrak’s Northeast Corridor linking New Jersey and New York to view corrosion and damage, and called on President Trump to support funding for repairs.
Ironhorse Resources acquires San Pedro & Southwestern
Short line holding company Ironhorse Resources, Inc., has acquired Arizona-based San Pedro & Southwestern Railroad (SPSR). RR Mergers & Acquisitions, a specialist in the sale of rail sector companies, brokered the deal. SPSR will be renamed the San Pedro Valley Railroad (SPVR); the transaction is effective immediately.
Batory to industry: “Seize the fourth quarter”
Federal Railroad Administrator Ron Batory on Oct. 17 completed a second series of meetings with senior leadership of Positive Train Control (PTC) system suppliers that are directly associated with the eight railroads FRA has identified as “most at risk of not meeting statutory requirements by the end of the year.”
AAR hazmat awards honor Schoendorfer of NS, safe shippers
The Association of American Railroads announced the 2018 recipients of the Holden-Proefrock Award and the 2017 Non-Accident Release (NAR) Grand Slam Awards.
Puchala leading national communications and marketing for Operation Lifesaver
Operation Lifesaver, the national rail safety education organization, has hired Jessica Puchala as director of communications and marketing.