TNW Corporation, a privately held operator of short line railroads and logistics centers, announced May 23 that it has formed a strategic alliance with TrinityRail to expand rail offerings at its Texas North Western Railway (TXNW) line in Sunray, Texas.
RAILWAY AGE, MAY 2023 ISSUE: Experts say the global rail market could exceed $13 billion in 10 years.
FINANCIAL EDGE, RAILWAY AGE APRIL 2023 ISSUE: In its 37th iteration, Tony Kruglinski’s Rail Equipment Finance Conference (REF) once again took place at the oasis in the desert: The LaQuinta Resort and
RAILWAY AGE, FEBRUARY 2023 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2023.
“AEI (Automatic Equipment Identification) technology is 40 years old and tells us where our shipment was. What we need is a technology that tells us where our shipment is, and a more
PS Technology (PST) appoints Rushi Patel President and CEO. Also, the Midwest Association of Rail Shippers (MARS) welcomes new officers and executive director; the Southeastern Pennsylvania Transportation Authority (SEPTA) appoints Ronald Keele new Chief Safety Officer; and Minnesota’s Metropolitan Council (Met Council) selects Ernest Morales III as Chief of the Metro Transit Police Department.
RailPulse has an eighth member: Pittsburgh, Penn.-based railway investment and management company Railroad Development Corporation (RDC), which on Oct. 19 joined the coalition established in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”
RailPulse is developing a cloud-based telematics platform in an aim “to accelerate the adoption of GPS and other technologies across the North American railcar network.” Late last month, it outlined a three-phase approach to development, which is slated to be complete in second-quarter 2023.
Trinity Industries on Oct. 3 reported that it will supply a mix of 15,000 newly built tank and freight railcars to GATX through 2028, with GATX having an option to order up to 500 more railcars per year from 2023 to 2028.
Trinity Industries on July 27 reported second-quarter 2022 GAAP and adjusted earnings that “reflect improvement and momentum and reinforce our optimism for the back half of the year,” according to President and CEO Jean Savage.
