FEC cashes in on Florida airport project
The Ft. Lauderdale/Hollywood airport runway extension project in Broward County is producing a mini-boom in traffic for Florida East Coast Railway.
The Ft. Lauderdale/Hollywood airport runway extension project in Broward County is producing a mini-boom in traffic for Florida East Coast Railway.
Bombardier Transportation announced Friday that it has signed a contract with the Port Authority of New York & New Jersey to provide operations and maintenance services for the AirTrain system at Newark Liberty International Airport for a further 10 years. The contract, which includes a capital asset improvement program, is valued at approximately $243 million and becomes effective Aug. 2.
Genesee & Wyoming Inc. and a new subsidiary, KeRail Inc., have entered into an agreement with Tata Steel Minerals Canada Ltd. (TSMC) for KeRail to provide transportation for the 4.2 million tons of iron ore TSMC expects to ship annually from a mine it is developing near Schefferville, Quebec in the Labrador Trough. As part of the agreement, KeRail will construct an approximately 21-km (13..6- mile) rail line that will connect TSMC’s mine to the Tshiuetin Rail Transportation (TSH) interchange point in Schefferville.
The Association of American Railroads reported Thursday that rail intermodal volume in July was 946,071 trailers and containers, up 5.6% compared with July 2011. U.S. rail carloads totaled 1,103,733, off 0.7%, compared with July 2011. The July 2012 weekly intermodal average of 236,518 trailers and containers was the highest July average in history. The association says the numbers are on track for a record year in 2012.
Greenwich, Conn.-based Genesee & Wyoming Inc. announced Wednesday that subsidiary Genesee & Wyoming Australia Pty Ltd. (GWA) purchased an intermodal and freight terminal in Alice Springs, Northern Territory, from Asciano Services Pty Ltd. (AIO). As part of the transaction GWA is selling AIO a fuel sales business and other assets in the township of Cook, South Australia.
In train operations, the railroads continue to post impressive safety gains. This year’s first five months, according to preliminary counts released Tuesday by the Federal Railroad Administration, saw declines of 33.3% in collision, to 46 from 69; 22.8% in derailments, to 484 from 627; and 19.0% in yard accidents, to 374 from 463.
CIT Group Inc. announced Monday, July 30, that railcar lessor CIT Rail has ordered an additional 3,000 tank cars from multiple manufacturers. Deliveries are to begin in 2014.
Union Pacific has been named one of the 2012 Best Employers for Healthy Lifestyles, the only railroad to receive the award offered annually by the National Business Group on Health (NBGH). UP has received this honor each year since the award’s inception in 2005.
The Association of American Railroads (AAR) Thursday reported mixed weekly rail traffic for the week ending July 7, 2012, with U.S. railroads originating 243,156 carloads, down 1% compared with the same week last year. Intermodal volume for the week totaled 203,362 trailers and containers, up 5.6% compared with the same week last year.
Bombardier Transportation and Russian rail manufacturer UVZ signed agreements Thursday to jointly develop and sell metros and trams in Russia.