Safety is important. Yet, we can do safety research and development a lot faster. It’s timely to ask why the regulatory process takes so long. Today in transport logistics, our society seems to lack a sense of urgency. As one example, it now takes regulatory agencies (and non-regulatory bodies like the National Transportation Safety Board) as long as 18 to 24 months to complete an accident investigation report. Why so long? It’s a mystery.
VTG Rail Inc., the U.S. subsidiary of VTG AG, has acquired the fleet of U.S. railcar leasing company Redwood Rail LLC. The transaction, which adds 1,135 railcars to VTG’s fleet, enlarging it to about 5,200 units, includes the leases associated with those cars as well Redwood Rail’s existing customer relationships.