Confirming a change by its contract partner, Caltrans amended its $317-million contract for new passenger cars, replacing Nippon Sharyo with Siemens, which will join with Sumitomo Corp. of America to fulfill the delayed multi-state order. Other details of the order were changed as well.
Sumitomo Mitsui Banking Corp (SMBC) announced Dec. 19 that its railcar operating lessor and fleet management business, SMBC Rail Services LLC (SMBC Rail), has signed an agreement to purchase American Railcar Leasing LLC (ARL) from Icahn Enterprises L.P.
Cover story, September issue: Like most Class I railroads, Union Pacific has had to make adjustments to deal with sharp declines in coal and other commodities. While its $3.75 billion 2016 capital program is lower than last year’s, it upholds a strong commitment to maintaining a state of good repair, building capacity and improving technology. As well, UP is committed to sustainability. And then there’s yet another historic UP steam locomotive undergoing restoration.
Illinois Gov. Pat Quinn and federal officials on Monday announced that Sumitomo Corp. of America has been awarded a $352 million contract from California’s Department of Transportation (Caltrans) for 130 railcars destined for higher-speed rail (HrSR) use in the U.S. Midwest and in California.
Sumitomo Corp. of America, in conjunction with its car builder partner Nippon Sharyo, said Thursday it has landed a contract from Virginia Railway Express (VRE) “for 50 gallery-type bi-level passenger cars.”
