The Surface Transportation Board (STB) is required by law, on a minimum quarterly basis, to publish the Rail Cost Adjustment Factor (RCAF), defined as “an index formulated to represent changes in railroad costs incurred by the nation’s largest railroads over a specified period of time.”
Siu Ling Ko, a 34-year veteran of MTA New York City Transit’s Subway Car Equipment division, has been named Vice President and Chief Mechanical Officer of the division, which is responsible for maintaining and overhauling the agency’s massive rapid transit car fleet and track maintenance vehicles. She is the first woman in this position.
TekTracking LLC has successfully implemented an inaugural installation of its Commander Terminal Automation (CTA) system in a Canadian Class I railroad yard.
A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd., CN on Sept. 17 announced its “Full Speed Ahead – Redefining Railroading” initiative, which it describes as an “ambitious value creation plan” consisting of, for full-year 2022, $5 billion in stock buybacks (a previously authorized C$1.1 billion of it to be completed by the end of January 2022), a decrease in capital investment to approximately 17% of revenues, C$700 million of additional, incremental operating income, a 57% operating ratio, and elimination of more than 1,000 jobs, 400 of them from operating crafts.
“I am elated for our CP family,” an understandably energized Canadian Pacific President and CEO Keith Creel told Railway Age Editor-in-Chief William C. Vantuono the day after a joint call with analysts with his
Quebec Railway Company Rail SEC (Qc Rail) has awarded a consortium of SNC-Lavalin and Norda Stelo a two-year contract to undertake pre-feasibility and feasibility studies to assess the technical and economic viability
Editor’s Note: September is Safety Month in the North American railway industry. This month, Railway Age “recalls to active duty” the three-part series on System Safety by Sonia Bot and Tony Zenga,
For those of you who don’t read or speak Latin (including the author), terminabitur translates to “terminated” or “discontinued.” Resumo translates to “resumed” or “picked up where we left off.” E duobus,
If electrical industry pioneer and railroad air brake inventor George Westinghouse, who hailed from New York State but established his namesake company in Pittsburgh, Pa., were around to see the Wabtec (Westinghouse Air Brake Technologies) FLXdrive battery locomotive, he’d be shocked—figuratively, of course.
The fallout from CN’s Surface Transportation Board-forced scuttling of its attempt to merge with Kansas City Southern grew from shrapnel to a ground-zero blast the day after Canadian Pacific and KCS rekindled