At the Rail Equipment Finance 2018 conference in early March, a session on autonomous trucking with Cowen and Company analysts Matt Elkott, Jeff Osborne and Matthew Frankel, moderated by Railway Age Editor-in-Chief William C. Vantuono, examined the implications for railroads—both real and perceived—of this emerging transportation technology.
Railroads in the U.S. are expected to benefit from a plan by USD Group LLC to expand its network of refined-products destination terminals across Mexico.
Cowen and Company analysts Matt Elkott and Matthew Frankel are projecting a 20% sequential jump in freight car orders in the first quarter to 10,200 units (up 20% from the fourth quarter’s 8,500 units), since “buyers may preempt an acceleration in the steel price rally.”
Gov. Phil Murphy is proposing hundreds of millions of dollars in additional funding for New Jersey Transit’s operations in fiscal 2019.
Bentley Systems, Inc., a global provider of comprehensive software solutions for advancing infrastructure, is calling for submissions to its Year in Infrastructure 2018 Awards program.
Chemicals and coal turned in carload increases for the week of March 10, but year-to-date volume failed to keep pace with the 2017 period, according to the Association of American Railroads.
California’s North County Transit District celebrated the 10th anniversary of its Sprinter hybrid light rail commuter system March 9.