The Railway Supply Institute (RSI) is now accepting 2018/2019 school year applications for its annual RSI undergraduate scholarship, which has been renamed the Thomas D. Simpson Annual Undergraduate Scholarship in honor of RSI’s newly retired president.
Mike O’Malley began his tenure as President of the Railway Supply Institute (RSI) on Feb. 1, 2018 taking over for Tom Simpson, who has retired.
BNSF Railway Company plans to spend $3.3 billion on capital investments in 2018 – the same as the previous year – both for maintenance and expansion projects to meet customer demands.
Norfolk Southern said net income for the fourth quarter totaled $3.97 million and earnings per share were $13.79, thanks to federal tax cuts that added $3.48 billion to the bottom line. For the year, net income was $5.4 billion with earnings per share of $18.61, which added $12.10 for the quarter and $12 for the year on the tax reform legislation.
Canadian National Railway said net income increased by 156% to C$2.61 billion ($2.12 billion) in the fourth quarter from a year ago while earnings per share soared by 164% to C$3.48 ($2.82) on changes to the U.S. corporate tax rate that saw a deferred income tax recovery of C$1.76 billion, or C$2.35 per share.
Members of the Transportation Communications International Union (TCU) and Brotherhood Railway Carmen (BRC) have ratified new contract terms with the nation’s major freight railroads covering more than 17,000 employees.
Walter J. Winzen, founder and chief executive of Transportation Products Sales Company (TPSC) died at home Jan. 19 of heart failure.
The North Carolina Department of Transportation (NCDOT) is celebrating the completion of the state’s largest program of passenger and freight rail infrastructure improvements.
Amtrak has a new Executive Vice President and Chief Safety Officer, and he is a former chief safety officer at both Northwest Airlines and Delta Air Lines. The Jan. 9 appointment of Ken Hylander clearly signals that Amtrak CEO Richard Anderson—also a Northwest and Delta alumnus—has decided the passenger railroad’s safety programs need a wholesale overhaul.
U.S. Department of Transportation (USDOT) Secretary Elaine Chao sent a form letter to 47 Class 1, intercity and state and local transit authorities to stress the urgency and importance of implementing Positive Train Control (PTC) by Dec. 31, 2018.