Reporting on the Cowen and Company Global Transport Conference in Bosto, Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl and analysts Matt Elkott and Adam Kramer offer these observations taken from the conference’s railcar/locomotive builder and Class I railroad panels, with a large trucker and a logistics/LTL company added for deeper perspective:
Chesapeake, Va., is poised to submit a formal request for aid from Hampton Roads Transit to extend The Tide light rail transit to the municipality.
Fifteen years after rejecting light rail transit, Virginia Beach, Va., officials are slowly but steadily warming up to the mode, with current Mayor Will Sessoms saying he hopes to have a plan in place within a month to extend The Tide service east from its current terminus in neighboring Norfolk.
Virginia Gov.-elect Terry McAuliffe is urging Virginia Beach officials to move ahead with extending The Tide light rail transit from neighboring Norfolk to the municipality, as the Virginia Beach City Council begins evaluating three proposals to aid in doing just that.
