Work on Norfolk Southern’s (NS) new regional first-responder training center in East Palestine, Ohio, got under way Sept. 21 with a groundbreaking event attended by railroad and local officials as well as
Operational Lifesaver Inc. (OLI), Operation Lifesaver Canada, and the Mexican Association of Railroads (AMF) is leading Rail Safety Week 2023 across North America on Sept. 18-24.
Norfolk Southern is looking to purchase the 338-mile Class II Cincinnati Southern Railway (CSR), which it and its predecessor railroads have been operating under a 141-year-old lease agreement with its owner, the
To prevent rail-related injuries and deaths to kids, Safe Kids Worldwide and Union Pacific (UP) are teaming up during Rail Safety Week to release a series of resources designed to “raise awareness, educate communities, and encourage parents to talk to their kids about rail safety from an early age.”
At TD Cowen, we are lowering our rail estimates ahead of third-quarter earnings reports to reflect a very challenged environment. Leaders in the rail and logistics market who attended our latest Railroad Happy Hour” called the current outlook “bleak,” with growing uncertainty in 2025.
Norfolk Southern (NS) on Sept. 20 reported partnering with RapidSOS to help “make it quicker and easier” for first responders to access cargo and hazardous materials information and enable the ability to call for mutual aid, all while providing ongoing training.
Amergin Asset Management (AAM) on Sept. 20 announced that its portfolio company Amergin Rail has acquired PNC Bank’s operating railcar portfolio, including the purchase of more than 6,000 railcars under management, which
The Surface Transportation Board (STB) has adopted for fourth-quarter 2023 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.”
The Greenbrier Companies boosted its order book by 15,300 railcars in its fiscal fourth quarter ending Aug. 31, 2023. Customers operating in “various commercial sectors” are purchasing a “range of railcar types” with an aggregate value of $1.9 billion, the manufacturer reported Sept. 21. TD Cowen offered insight.
The Federal Railroad Administration’s (FRA) Office of Research, Development and Technology (RD&T) recently published four new technical reports that cover a variety of topics, including concrete crossties; the Operational Performance and Reliability, Availability, and Maintainability (RAM) Analysis (OPRAM) software tool; moving block train control systems; and vehicle dynamics simulations.