Amtrak’s Gateway Tunnel project, designed to add rail capacity on the Northeast Corridor under the Hudson River, will get its “fair share” of fiscal support from New Jersey, the state’s transportation commissioner says.
Amtrak Friday unveiled its long-anticipated reorganization of its Operations management structure, saying it has created “four business lines to establish clear accountability for the financial performance of individual trains and to improve customer service delivery.” The Operations reorganization plan will be rolled out in phases during the next 16 months, with full transition to the new structure in October 2013.
BART’s Board of Directors Thursday approved an $896 million contract with Bombardier Transportation for 410 cars to replace its aging rapid transit fleet, covering much of BART’s self-prescribed need for 775 cars, replacing its current fleet of 669. But the Board’s decision, and the materials involved in the order, is not without controversy.
The Obama Administration Thursday warned California officials it might rescind $3.3 billion in federal funding for the state’s proposed high speed rail network, if the state legislature does not act by next month to appropriate state funding for the project.
Amtrak’s Adirondack has been plagued for years by extensive border delays in both directions to its New York-Montreal journey due to both U.S. and Canadian customs clearance procedures. Now, spurred by U.S. Sen. Charles Schumer (D-NY), the railroad and both nations may be able to reduce delays.
Amtrak said Friday schedules for its Wolverine Service and Blue Water passengers had been restored to normal, following extensive and expeditious trackwork along much of the route by landlord Norfolk Southern.
MTA New York City Transit announced Thursday that the No. 7 subway extension to Manhattan’s West Side, now 65% complete, has just received its first set of rails.
Norfolk Southern CEO Wick Moorman told stockholders at the company’s 30th annual meeting in Williamsburg, Va., Thursday that he is “confident, optimistic, and enthusiastic about our future business prospects.”
In line with much of 2012, U.S. freight carload traffic for the week ending May 5, 2012 failed to keep pace with 2011 levels, down 2% measured against the comparable week last year, the Association of American Railroads said Thursday. In contrast, U.S. intermodal continued its sustained improvement, up 3% for the week compared with last year.
Bombardier Transportation’s revenue for the first quarter of 2012 added up to US$2 billion, compared with US$2.5 billion in first quarter 2011. EBIT (earnings before interest and taxes) totaled $124 million, or 6.2% of revenue, compared with $171 million, or 6.9%, for the corresponding period last year.
