Crichlow Tapped as 12th NYCT President

New York Metropolitan Transportation Authority (MTA) Chair and CEO Janno Lieber on Oct. 23 named three officials to senior strategic roles, including Demetrius Crichlow as the 12th permanent President of New York City Transit (NYCT).

FEMA Awards $2.6MM Security Grant to POLB

The Port of Long Beach (POLB) announced Oct. 23 that it has been awarded more than $2.6 million by the U.S. Department of Homeland Security’s (DHS) Federal Emergency Management Agency (FEMA) to

“Our market-leading position demonstrates the progress on our strategic plan to deliver strong performance, reduce cyclicality, and deliver long-term shareholder value,” said President and CEO Lorie Tekorius."

Greenbrier Ends Fiscal 2024 With ‘Great’ 4Q

The Greenbrier Companies ended fiscal 2024 with a “great” fourth quarter as it delivered an aggregate gross margin of nearly 16%, reflecting the “efficiency initiatives we have been focused on for the last 18 months to improve margins in our core manufacturing business and the growth of recurring revenue from our leasing platform,” said President and CEO Lorie L. Tekorius, during a report on the freight transportation equipment and services supplier’s third fiscal-quarter ended Aug. 31, 2024.

(CNW Group/Fastfrate Group)

AAR: North American Rail Volume Up in Week 42

Through the first 42 weeks of 2024 (ending Oct. 19), total North American carload and intermodal traffic rose 2.3% from the same point last year, according to the Association of American Railroads (AAR).

Transit Briefs: Station Yards, NYMTA, NJ Transit, KC Streetcar

The next phase of Station Yards, a transit-oriented development spanning 53 acres around the Ronkonkoma Long Island Rail Road (LIRR) station, is unveiled. Also, the New York Metropolitan Transportation Authority (MTA) launches a new campaign showcasing workers behind public transit; NJ Transit hosts its second large-scale public transportation event workshop in advance of FIFA World Cup 2026; and the KC Streetcar resumes service.

NS, IBEW Reach Tentative Collective Bargaining Agreement

Norfolk Southern (NS) announced Oct. 22 that it has reached a tentative five-year collective bargaining agreement with the International Brotherhood of Electrical Workers (IBEW), pushing the coverage of the union workforce under early tentative deals to approximately 67%.

NS Achieves Adjusted Operating Ratio Target for 3Q24 (Updated with TD Cowen Analysis)

Norfolk Southern (NS) on Oct. 22 reported third-quarter 2024 financial results that reflected an adjusted operating ratio of 63.4%, excluding the “impact of railway line sales, the Eastern Ohio incident, as well

"We continued to optimize our fleet by selectively selling railcars in the secondary market, generating over $30 million of remarketing income in the quarter,” said GATX President and CEO Robert C. Lyons.

GATX 3Q24: ‘Consistent With Expectations’

“Operating conditions across our global markets remain consistent with our expectations coming into the year,” GATX President and CEO Robert C. Lyons said during a report on third-quarter 2024 financials, which included Rail North America fleet utilization of 99.3% and a renewal success rate of more than 80%.

Transit Briefs: TriMet, Metro-North, SBCTA, South Shore Line

TriMet rolls out new security phones at MAX stations. Also, train service on Metro-North Railroad’s Waterbury Branch will resume on Oct. 28; the San Bernardino County Transportation Authority (SBCTA) seeks public feedback on the proposed ONT Connector project; and South Shore Line opens its Hammond Gateway Station.

USDOT: More Than $33MM for P&L Railway

The U.S. Department of Transportation (USDOT) has awarded $33,780,304 in federal funding, as part of the Infrastructure for Rebuilding America (INFRA) grant program, to Paducah & Louisville Railway, Inc. (P&L) to support

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