Railcar demand appears to be holding up at the modest levels seen in second-quarter 2019, “despite continued rail traffic declines and ongoing PSR implementation,” according to a Cowen and Company’s third-quarter shipper survey. “Barring a recession, orders are unlikely to fall below replacement demand of about 10,000-12,000 units/quarter for the balance of the year.”
The Surface Transportation Board (STB) recently issued three separate notices with regards to demurrage.
Twin State Environmental has opened Raptor® Tank Cleaning Services, a railcar cleaning facility for tank cars and hopper cars located in Durant, Iowa, on the Iowa Interstate Railroad (IAIS) with connections to all U.S. Class I carriers.
The Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO)—including $396 million in grant funding—for the Federal-State Partnership for State of Good Repair Program (Partnership Program).
Congressman Greg Pence (R-Indiana) joined the Railway Engineering-Maintenance Suppliers Association (REMSA) and its member Midwest Mole to tour the latter’s headquarters in Greenfield, Ind.
New Jersey Transit (NJT) recently issued a Request for Expressions of Interest (REOI) “to identify an experienced private developer or joint venture of developers to implement Transit Oriented Development (TOD) projects on NJT-owned property adjacent to the River Line Light Rail system.”
Dwindling coal markets; domestic intermodal and chemical sector growth; and disruptions to manufacturing, agricultural and international intermodal markets have led to the eighth consecutive month of U.S. rail traffic declines, according to the Association of American Railroads (AAR).
NJ Transit set its Disadvantaged Business Enterprises (DBE) goal for Federal Fiscal Years (FFY) 2020-2022 at 21.87%. This goal is on the total federal financial assistance that NJ Transit will expend on Federal Transit Administration (FTA)-funded contracts over the next three years. NJ Transit has $2.7 billion projected FTA-assisted contracting projects for FFY 2020-2022.
Genevieve Carnes, Railway Alert Network Manager for the Association of American Railroads (AAR), has been named the winner of the 2019 Connie Sumara Memorial Scholarship by the League of Railway Women (LRW).
New Jersey Transit recently announced that construction of the new Elizabeth train station and platform extension project on the Northeast Corridor is set to begin later this fall.