American International Group late Monday announced the sale of AIG Rail Services to a division of Perella Weinberg Partners LP. Financial terms of the transaction were not disclosed. New York-based Perella Weinberg
Bombardier Transportation said Monday it has signed a nine-year contract with Deutsche Bahn subsidiary DB Regio AG, valued at about $867 million, for 200 TRAXX diesel locomotives with game-changing multi-engine propulsion. At
GATX Rail Europe on Monday announced its entry into the Turkish marketplace with the deployment of newly manufactured railway tank cars. The cars, holding 9k5 cubic meters, are designed to efficiently carry
Koppers Inc., producer of crossties and related pressure-treated wood products for railroads, says it is now designing, manufacturing, and marketing an extensive line of rail joint products acquired from Portec Rail Products
The Surface Transportation Board said in a decision released Friday that it is backing off from its proposal, announced last August, to create an advisory group to address liability-sharing issues in the
Fairfield, Conn.-based General Electric Co. reportedly has postponed a plan to establish locomotive production work at its River Works manufacturing plant in Lynn, Mass., following a breakdown in talks with labor leaders
BART’s Board of Directors on Thursday began searching for a new general manager, following the abrupt resignation of Dorothy Dugger Wednesday morning, ending a 19-year career with the agency. Dugger’s last day
Budget cuts approved by the House of Representatives for Fiscal Year 2011 include $50 million originally targeted for the Railroad Safety Technology Program, which was to use such funds as part of
U.S. intermodal volume advanced 12.4% for the week ending April 9, 2011, measured against the comparable week in 2010, the Association of American Railroads said Thursday. U.S. carload freight traffic also rose
CSX Transportation Thursday announced the 59 winners of its annual Chemical Safety Excellence Award (CSEA), which recognizes customers’ commitment to the safe transportation of hazardous materials by rail through safe loading and
J.B. Hunt Transport Services, Inc. on Wednesday announced record first-quarter 2011 net earnings of $50.1 million vs. first-quarter 2010 net earnings of $37.5 million. Total operating revenue was $1 billion, up from
Railway Systems Suppliers, Inc. (RSSI) on Wednesday announced the appointment of Michael Drudy as executive director of the Board of Directors for RSSI. Drudy succeeds Donald (Bucky) Remaley, who retired in February
Gaz Métro and CN, both based in Montreal, are teaming up with Vancouver, British Columbia based Westport Innovations Inc. to develop a new liquefied natural gas (LNG) technology for locomotives. The joint
In a letter addressed to members of the National Railroad Construction & Maintenance Association (NRC), NRC President Chuck Baker wrote: “NRC Members and friends, With deep sadness, I write to let you
Genesee & Wyoming, Inc. said Wednesday its March freight traffic rose 16.6% compared with March 2010, while its first-quarter 2011 traffic advanced 18.5% above the comparable 2010 quarter. Excluding 6,835 carloads from
TRANSCAER® (Transportation Community Awareness and Emergency Response) said Wednesday it is recognizing seven rail transport and chemical companies with its 2010 TRANSCAER National Achievement Award, given to those companies that are helping
The American Public Transportation Association Wednesday said registration is now open for APTA’s 2011 EXPO, October 3-5, 2011 at the Ernest N. Morial Convention Center in New Orleans. Registration is free. More
Pittsburg, Kan.-based Watco Transportation Services on Tuesday announced the “successful start-up” of the Autauga Northern Railroad (AUT), which began serving customers last Saturday. AUT is Watco’s third railroad in Alabama, Watco said.
Efforts by North Carolina legislators to reject $462 million in federal funds for higher-speed rail (HrSR) improvements have stalled, following objections from Democrats, business interests, and at least three mayors within the
A move seeking to scuttle California’s high speed rail program in the state Assembly was thwarted by pro-rail forces, keeping the Golden State’s HSR efforts in the forefront of U.S. possibilities and
