Railway Interchange

Duos Secures $2.3MM Contract for New Rail Inspection Portal

Duos Technologies Group, Inc.—through its operating subsidiary Duos Technologies, Inc.—has been awarded a $2.3 million contract with a Class I freight railroad to replace an earlier generation system with Duos’ latest version of rip®, the Jacksonville, Fla.-based company’s railcar inspection portal.

The RSI Education & Technical Training Conference—LMOA

The RSI Education & Technical Training Conference at Railway Interchange 2019 “serves to educate attendees on new technologies and trends in the rail industry and provide an opportunity for industry networking and collaboration. There are more than 50 educational sessions on railcar maintenance, rail operations, air brake technologies and trends and a focus on leadership in the rail industry,” RSI notes. “Session content is provided by the Railway Supply Institute, the Air Brake Association, the International Association of Railway Operating Officers, the League of Railway Women, the Locomotive Maintenance Officers Association and the Railcar Technical Services Association.”

Commentary

URCS: Love It or Hate it, We’re Stuck With It

For a sleep inducer, consider working with the Uniform Rail Costing System (URCS), long a general costing system indispensable for determining maximum reasonable rail rates. Worse, its second side-effect is indigestion, as this 30-year-old accounting relic is much like a classic car lacking modern GPS and satellite radio. Practitioners too often become frustrated with its built-in averages from a time when railroads, rather than shippers, owned most of the freight car fleet and line hauls were shorter as the modern merger movement had not yet run its course.

CP: Changes at the Top

In what that railroad is describing as “part of the next stage of its transformational journey,” Canadian Pacific is making changes in some senior-level executive positions, following two retirements.

Wabtec Offering Additional GE Shares

Wabtec Corp. recently filed a 20,485,156 share offering of GE, and expects to grant the underwriters a 30-day option to purchase up to an additional 2,048,515 shares. Wabtec said it will not receive any proceeds from the sale of the shares in the offering.

The RSI Education & Technical Training Conference—IAROO

The RSI Education & Technical Training Conference at Railway Interchange 2019 “serves to educate attendees on new technologies and trends in the rail industry and provide an opportunity for industry networking and collaboration. There are more than 50 educational sessions on railcar maintenance, rail operations, air brake technologies and trends and a focus on leadership in the rail industry,” RSI notes. “Session content is provided by the Railway Supply Institute, the Air Brake Association, the International Association of Railway Operating Officers, the League of Railway Women, the Locomotive Maintenance Officers Association and the Railcar Technical Services Association.”

  • M/W

Stanley M. Herzog, 1949-2019

Stanley M. Herzog, President of William E. Herzog Enterprises, died August 2, 2019, surrounded by friends and family. He was 70.

The RSI Education & Technical Training Conference—ABA

The RSI Education & Technical Training Conference at Railway Interchange 2019 “serves to educate attendees on new technologies and trends in the rail industry and provide an opportunity for industry networking and collaboration. There are more than 50 educational sessions on railcar maintenance, rail operations, air brake technologies and trends, and a focus on leadership in the rail industry,” RSI notes. “Session content is provided by the Railway Supply Institute, the Air Brake Association, the International Association of Railway Operating Officers, the League of Railway Women, the Locomotive Maintenance Officers Association and the Railcar Technical Services Association.