Author: Carolina Worrell

(FRA image)

FRA Cancels $26MM in Funds for DC-Baltimore SCMAGLEV Project

The Federal Railroad Administration (FRA) on Aug. 1 announced that it will cancel two grants totaling more than $26 million for the Baltimore-Washington, D.C., Superconducting Magnetic Levitation (SCMAGLEV) Project, due to what U.S. Department of Transportation Secretary Sean P. Duffy calls the project’s “poor planning, significant community opposition, and tremendous cost overruns.”

Hitachi Rail Acquires Omnicom (UPDATED 8/1)

Hitachi Rail announced Jan. 17 that it had agreed to acquire Omnicom, a digital rail monitoring business, from Balfour Beatty, “marking a key strategic pillar for Hitachi Rail’s new digital asset management

  • News

People News: Amtrak, Trinity Metro, Urban Engineers, Inc.

Amtrak names Costin Corneau as Executive Vice President and Chief Financial Officer (CFO). Also, Trinity Metro names Reed Lanham as Chief Operating Officer (COO); and Urban Engineers, Inc. (Urban) names James (Jim) Bilella, PE, as CEO, and promotes Christopher Bobrowski, CPA, to CFO.

STB Receives Notice of Intent for Proposed UP-NS Merger

The Surface Transportation Board (STB) on July 30 confirmed that it has received a notice of intent regarding a proposed merger that would result in the combination of Union Pacific (UP) and Norfolk Southern (NS). This notice, required under the Board’s merger regulations at 49 C.F.R. Part 1180, “initiates the regulatory review process for a proposed major merger between two Class I railroads.”

Trinity’s Savage: 2Q25 Results Highlight ‘Robust Performance’

Trinity Industries President and CEO Jean Savage said in a July 31 financial report that the company’s second-quarter 2025 results “highlight the robust performance of our leasing business and Trinity’s capability to generate substantial cash flow. We are seeing recovery in new railcar demand as sequential order volumes improved, and we generated a book-to-bill of 1.3x.”