Governor Andrew M. Cuomo on Jan. 10 unveiled a proposal to invest $120 million to provide enhancements to 16 Long Island Railroad (LIRR) stations and improve system connectivity with a new terminal at MacArthur Airport and a new stop at Brookhaven National Laboratory.
The Massachusetts Bay Transportation Authority (MBTA) approved Jan. 9 further development at its Greenbush Station project.
Gulf & Ohio Railways announced Jan. 11 that Michael Wester joined the company on Jan. 2, 2017.
Brightline unveiled its first trainset in Florida on Jan. 11.
Siemens announced on January 4 that it will provide traction power supply equipment for the first 9km (5.6-mile) section of metro Line 1 in Lima.
Caltrain says its passengers “are one step closer to a mobile ticketing option” following the Jan. 5 approval by the agency’s Board of Directors to develop the new fare technology.
The Association of American Railroads (AAR) reported Jan. 11 for the week ending January 7, 2017, total U.S. weekly rail traffic was 441,417 carloads and intermodal units, down 11.4% compared with the same week last year.
Alstom has been awarded a contract by Ferromex to provide maintenance for 219 freight locomotives for a five year period.
Noted trucking industry veteran and freight economist Noel Perry appears to hold a positive near-to-intermediate term view of freight markets, projecting truckload capacity to exceed full utilization in 2018, according to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. However, he is pessimistic looking out to late 2018 and beyond, noting a probable recession.
Fitch Ratings has assigned an “A” rating to the New York Metropolitan Transportation Authority’s (MTA) approximately $200 million in series 2017A (Climate Bond Certified) transportation revenue bonds, and an “F1” rating to the MTA’s series 2017A transportation revenue bond anticipation notes (BANs), in an amount up to $700 million.
