Carnival Corp. buys Alaska heritage railroad
The world’s biggest cruise ship operator is hoping an historic Alaska rail gateway will be a gold mine for its tourist trade.
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CN plans C$210M Quebec investment in 2018
CN Railway aims to improve safety while supporting efficient service through the province of Quebec with a planned C$210 million ($160 million) investment during 2018.
Musk’s Boring Company to develop Chicago-O’Hare line
First cars, then rockets. Now a major U.S. city will find out if Elon Musk can revolutionize rail travel.
NJT: $600MM for Portal North Bridge
New Jersey Transit’s Board of Directors on June 13 approved a financing agreement with the New Jersey Economic Development Authority (NJEDA) that provides up to $600 million toward the construction of the first phase of a new Portal Bridge, a key component of the ambitious Gateway Project to improve passenger rail service between New York City and New Jersey. The funding commitment “solidifies New Jersey’s local share of the project cost,” NJT said.
NYAB names Camilo CEO
New York Air Brake (NYAB) has appointed Ulisses Camilo President and CEO. Camilo will succeed current President and CEO Michael J. Hawthorne, who has accepted the position of President and CEO at Bendix Commercial Vehicle Systems LLC, a sister company within the Knorr-Bremse Group, NYAB’s parent company.
PFL: Headwinds, though short-term, for CBR
The June 13, 2018 report from PFL Petroleum Services, a full-service railcar company covering the North American rail market (sales and leasing, loaded and empty storage, mobile railcar cleaning, blasting, scrapping and mobile repair) says that CBR (crude by rail) traffic is growing in the U.S. and Canada, albeit with some short-term headwinds.
New month, new intermodal rail record
Rail freight continues to benefit from tight trucking capacity as spot market demand for highway haulage exploded this month.
AAR takes freight rail message to mayors
All politics is local, the saying goes, and U.S. railroads are taking their case for favorable public policy directly to the country’s local political influencers.
Siemens-Alstom merger could be delayed
Among the Europe-based rail industry suppliers, the big are going to get bigger, it’s just going to take a little longer than expected.
HDR’s Walsh chairs WTS board
HDR Vice President Maggie Walsh was recently appointed Chair of the WTS (Women’s Transportation Seminar) International Board of Directors. WTS, of which Walsh has been a member for 20 years, focuses on promoting equity and access for women in transportation careers. Her two-year term started in May.