Karen J. Rae, a transportation executive with nearly 30 years’ state and regional experience, has been named the Federal Railroad Administration’s Deputy Administrator. Rae is currently Deputy Commissioner for Policy and Planning
By William C. Vantuono, Editor March 2009 Economists tell us that to pull the economy out of recession, we need to start spending big dollars on all sorts of projects. That’s what
Ansaldo STS has received an order worth 220 million euros (284 million) to supply electromechanical equipment for the Taipei Metro in Taiwan’s capital. The project, which also includes AnsaldoBreda in the vehicles
Railroad officers attending the JP Morgan Transportation conference in New York Wednesday expressed optimism that the slide in railroad traffic has been arrested, but in their presentations expressed deepening concern that re-regulation sentiment is growing in Congress and could slow railroad recovery.
Following an infusion of $1.3 billion in capital (over and above the $13 billion over five years authorized last year) and indirect access to $8 billion in state-administered funds under President Obama’s economic stimulus program, Amtrak President and CEO Joseph Boardman is faced with determining how best to invest this near-windfall within a relatively short time frame.
The Surface Transportation Board on March 10 approved the formation of Pan Am Southern LLC, which Norfolk Southern Railway Company and Pan Am Railways, Inc. (including Pan Am subsidiaries Boston and Maine
February 10, 2009 NJ Transit sets sights on more EMUs After investing heavily in Bombardier multilevel cars to augment its passenger rail fleet, New Jersey Transit now says it’s ready to
The Surface Transportation Board has issued a final decision on its method for calculating the railroad industry’s cost of capital. STB has adopted a simple average of a Capital Asset Pricing model (CAPM) and a multi-stage Discounted Cash Flow (DCF) model to calculate the cost of equity, which is one component of the cost of capital. STB said this methodology “will yield a more precise determination than relying on CAPM alone.”