With the backdrop of the world’s largest showcase for the public transportation industry, the American Public Transportation Association’s EXPO 2011, the association released an updated report making the case for investment in
The Surface Transportation Board today announced its decision calculating the railroad industry’s cost of capital for 2010. In Railroad Cost of Capital—2010, Docket No. EP 558 (Sub-No. 14), the board found that
Bombardier Transportation has won a Grand Prize Award in the American Public Transportation Association 2011 Annual AdWheel Award competition for the promotion of its BOMBARDIER PrimoveCity solution. As described by Bombardier: "The
In this year’s first seven months, 743 large and small U.S. railroads reported 6,229 accidents and incidents, down 7.3% from the same period in 2010, according to the Federal Railroad Administration’s Office
Ubisense is introducing to the American market a real-time location system, Transit Yard Manager for Rails (TYM), which it says improves rail yard efficiencies and productivity. TYM for Rails provides rail operators
Welcome to this year’s edition of the Railroad Financial Desk Book. Each year we try our best to take a look back and a look forward to see if we can discern what the tea leaves have in store for the rail equipment and leasing industries.
Amtrak Sept. 28 unveiled an ambitious vision for “Next-Generation High-Speed Rail service” in the Northeast, superseding and complementing its existing Northeast Corridor, and designed to dramatically reduce travel times between Boston and
Bigger is indeed better for this transcontinental carrier, which is operating some of the longest freight trains in North America. A railroad’s stock performance isn’t its only measure of excellence, but it’s a good one.
Construction proceeds to give the largest U.S. regional railroad access to Grand Central Terminal, while a revitalized and upgraded Brooklyn hub goes into service.
According to information in BNSF’s 10Q quarterly filing at the Securities and Exchange Commission, the company paid a dividend of $250 million to Warren Buffett, its only stockholder. Some analysts immediately raised questions about the wisdom and size of the dividend payment.
Dahlman Rose & Co. Transportation Analyst (and Railway Age Contributing Editor) Jason Seidl issued an investment advisory Friday that put the recent (and continuing) decline in railroad stocks in a broad context
U.S. Transportation Secretary Ray LaHood announced that under an agreement reached with New Jersey Gov. Chris Christie, the state will reimburse the federal government $95 million for money that was supposed to
Bombardier Transportation has spent several weeks preparing to showcase its North American Light Rail Vehicle at the American Public Transportation Association Expo 2011 Oct. 2-5 in New Orleans. Bombardier plans to hold
Houston’s Metropolitan Transportation Authority Thursday approved a $153 million contract with Construcciones y Auxiliar de Ferrocarriles (CAF) for 39 light rail transit (LRT) vehicles, noting the company now was “fully compliant” with
By a 101-to-8 vote, Michigan’s House of Representatives Wednesday passed SB 237, a supplemental appropriations bill committing roughly $32 million to match a $358.9 million federal grant, in order to acquire Norfolk
Combined North American intermodal volume for the week ending Sept. 24, 2011, including the U.S., Canada, and Mexico, was up 3.5% over last year, setting a record, the Association of American Railroads
Colo Railroad Builders on Wednesday said it had appointed Mark Jansen vice president and general manager of the company’s Chicago office. Frank Condurelis, managing director of L.A. Colo, LLC, said, “Markjoins the
CSX Wednesday announced measurable results of its participation in the Environmental Defense Fund’s 2011 Climate Corps program. The Climate Corps places trained graduate students in three-month fellowships with companies, cities, and universities
The Surface Transportation Board announced Wednesday that it has instituted a public proceeding to examine the regulatory effects of the price Berkshire Hathaway paid when it acquired BNSF Railway last year. “In
Transportation Secretary Ray LaHood Wednesday formally awarded $13.6 million to Oregon’s Department of Transportation (ODOT) to modernize Portland Union Station, upgrade passenger rail service along Amtrak’s Cascades route, and continue further development
