The 2023 version of the Freight RAILCAR Act “offers a time-limited 10% tax credit for new railcars or the modification of existing railcars to offset the costs of either replacing two existing railcars with a new railcar that would improve fuel efficiency or capacity by at least 8%, modernizing an existing railcar to improve fuel efficiency or capacity by at least 8%, or upgrading a car to DOT-117 tank car specifications,” according to RSI.

RSI Again Urges Congress to Pass Freight RAILCAR Act

U.S. Rep. Darin LaHood (R-Ill.) has reintroduced the Freight RAILCAR Act. This bipartisan legislation, supported by the Railway Supply Institute (RSI), would provide a “time-limited tax credit” for the purchase of new railcars or modification of existing cars to help offset the costs associated with taking older equipment out of service. Railway Age Financial Editor David Nahass weighs in.

RSI, REMSA, RTA Study: “Power of the Rail Supply Industry”

The Railway Supply Institute (RSI), Railway Engineering-Maintenance Suppliers Association (REMSA) and Railway Tie Association (RTA) have issued Rail Supply Industry: Manufacturing and Services Keeping the American Economy on Track, their latest major economic

Graves Selected Chairman of T&I Committee

U.S. Rep. Sam Graves (R-MO) has been selected to serve as Chairman of the Transportation and Infrastructure Committee (T&I Committee) in the 118th Congress, the Republican Conference reported Jan. 10. Graves has served as the Committee’s Ranking Republican Member for the last four years.

Loram’s outgoing CEO Phil Homan (left) and incoming CEO Bradley Willems.

Loram: Homan to Retire, Willems to Take Throttle

Loram has announced that CEO Phil Homan will retire in May 2023 following 30 years of service. Bradley Willems, current President and COO, will succeed him.

‘Rail Insights: Women in Rail’ Event Set for Nov. 10; Are You Registered?

Topping the list of reasons to attend Railway Age’s inaugural Rail Insights: Women in Rail Conference are headliners Tracy Robinson, President and CEO of CN; Katie Farmer, President and CEO of BNSF; Jenny Bush, President of Cummins Power Systems Business; and Jean Savage, CEO and President of Trinity Industries, Inc. Need more reasons to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET.? Here are five.

LRW President Sarah Yurasko (fourth from right) is joined by LRW leaders at the 2022 Annual Conference in Ft. Worth, Tex. (Photograph and Caption Courtesy of LRW)

LRW Announces 2022-23 Board

The League of Railway Women (LRW) last month appointed its 2022-23 Board of Directors at the annual conference, which was held in conjunction with the Railway Supply Institute’s (RSI) 2022 Expo and Technical Conference in Fort Worth, Tex.

Women in Rail Conference: Canfield, Dornan to Address Recruitment

Railway Age’s inaugural Rail Insights: Women in Rail Conference will feature Merritt Canfield of Meritus Executive Search Excellence and Laurie Dornan of The Greenbrier Companies, discussing how the railroad and supply sectors find and attract top female talent. Hearing from leading industry women like Canfield and Dornan is just one reason to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET. Need more reasons? Here are five.

ARCI: 3Q22 Orders and Backlog Show ‘Significant Increase’

Newly released data by the Railway Supply Institute (RSI) American Railway Car Institute Committee (ARCI) shows orders and backlog “significantly increased” in this year’s third quarter. Total orders grew by approximately 124%

Women in Rail Conference: Whited to Address C-Suite Lessons Learned

Railway Age’s inaugural Rail Insights: Women in Rail Conference will feature Beth Whited, Union Pacific’s Executive Vice President–Sustainability and Strategy. Hearing from leading industry women like Whited, who will cover lessons learned from the Class I railroad C-Suite, is just one reason to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET. Need more reasons? Here are five.

Moore to Help Kick Off ‘Rail Insights: Women in Rail’ Event

Railway Age’s inaugural Rail Insights: Women in Rail Conference will feature Ontario Northland President and CEO Corina Moore, one of our first Women in Rail award honorees. Hearing from leading industry women like Moore is just one reason to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET. Need more reasons? Here are five.

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