Amtrak Reveals Next-Gen Acela Express Prototype
Amtrak recently announced the progress on its new high-speed Acela trainsets that it says “will redefine the customer experience on Amtrak’s Northeast Corridor when they enter service in 2021.”
Author: Andrew Corselli
Jackie (Jack) Wells Matthews, 1945 – 2019
Jackie (Jack) Wells Matthews, founder and CEO of JMA Railroad Supply Company of Seymour, Ind., passed away Oct. 3, 2019 at his home.
KCS Announces $550MM ASR Program
Kansas City Southern (KCS) has entered into accelerated share repurchase transactions (ASR Transactions) with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC for an aggregate amount of $550 million.
McCord in as MTA CTO Ahead of Transformation Plan
The Metropolitan Transportation Authority (MTA) has chosen Anthony McCord as its Chief Transformation Officer as it undergoes its Transformation Plan—“a historic reorganization to improve service and modernize all aspects of operations for the first time in half a century.”
KCS Announces New Capital Allocation Policy
Kansas City Southern’s (KCS) Board of Directors recently approved a new capital allocation policy, under which it intends to deploy available cash in the following manner: approximately 40-50% to capital projects and strategic investments, and approximately 50-60% to share repurchases and dividends.
AAR: 45 Straight Weeks of U.S. Traffic Downturn
The Association of American Railroads (AAR) reported U.S. rail traffic for the week ended Nov. 9, 2019, and, for this week, total U.S. weekly rail traffic was 515,269 carloads and intermodal units, down 5.9% compared with the same week last year.
Thales Launches AI-Centered Podcast
Thales recently launched a new podcast mini-series, This is Artificial Intelligence, about its approach to Artificial Intelligence (AI) which keeps humans in the decision-making loop and how AI affects the world around us.
Metro-North Is Way Ahead on “Way Ahead”
MTA Metro-North Railroad President Catherine Rinaldi announced a series of accomplishments since implementing the Way Ahead plan a year ago.
INEOS Selects Raptor for Railcar Hopper Wash
Raptor® Tank Cleaning Systems/Twin State Environmental has been selected to design, engineer and supply the resin hopper railcar cleaning system for the acrylonitrile styrene acrylate (ASA) plant at INEOS Styrolution’s new plant.
Metra, Railhead Corp. Agree to $15.5MM Contract for Onboard Cameras
The Metra Board of Directors recently approved a $15.5 million contract for Railhead Corp. to install cameras inside the commuter railroad’s passenger cars.