Analysts: Merger potential propels KCS stock
The Gerson Lehman Group says Kansas City Southern, a relatively small Class I, “has enjoyed the PE ratio of a high growth company” seemingly because of its merger potential with the major
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Intermodal keeps pacing U.S. freight rail traffic
Intermodal volume on U.S. freight railroads for the week ended June 19, 2010, reached its highest level since the 45th week of 2008, the Association of American Railroads reported Thursday, up 21.2%
Bombardier partners with Carnegie Mellon
Carnegie Mellon University and Bombardier Corp. are founding partners in a plan to open a $2.2 million research center this fall known as the Pennsylvania Smart Infrastructure Incubator (PSII), to study critical
Thales lands NYCT No. 7 Line signal contract
Thales USA’s transport business has been awarded a contract by MTA New York City Transit (NYCT) to perform signaling upgrades and related refurbishment to the subway system’s No. 7 line, also known
CP and TSI sign container port productivity agreement
Canadian Pacific and TSI Terminal Systems Inc. (TSI) announced Wednesday that they have entered into an agreement to speed the flow of containers through the Vancouver, British Columbia, gateway. “This agreement moves us down
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AAR CEO letter counters rail re-regulation claims
The effort by some shippers to re-regulate freight railroads relies on citing selective rail rates that “don’t tell the entire story,” according to a letter by Association of American Railroads CEO Edward
Bombardier to lay off 180 workers by year’s end
Bombardier Inc. is laying off 180 blue-and white-collar workers temporarily at its La Pocatiere, Quebec, railcar plant by the end of the year, attributing the move to a decline in orders from
Morgan Stanley: Freight rail future looks good
Morgan Stanley Research analysts Wednesday issued an upbeat report “adjusting estimates higher” for freight railroad earnings, based on predictions of better-than-expected volume for the second quarter of the year, full-year 2010, and
DART defers expansion plans as revenue shrinks
Officials from Dallas Area Rapid Transit Tuesday announced the projected long-term shortfall in sales tax revenue will result in the indefinite delay in the third section of the Orange Line, from Irving to Terminal
Food grade covered hopper cars use Miner SaniLOK gate
Geneva, Ill.-based Miner Enterprises, Inc. says its SaniLOK™ gates recently were selected for application to food grade covered hopper cars by American Railcar Leasing, Chicago Freight Car Leasing, and TrinityRail for new
Lawsuit against Caltrain, HSR falls short
A Sacramento judge has dismissed a lawsuit brought against both Caltrain and the California High-Speed Rail Authority, which claimed Union Pacific consent was needed for any rail right-of-way improvements. Superior Court Judge Kevin Culhane
Key contracts awarded for WTC transport hub
The Port Authority of New York & New Jersey’s Board of Commissioners on Tuesday approved the first major construction contracts, exceeding $100 million, for the Santiago Calatrava-designed Transit Hall and Oculus portions of the World
GAO: U.S. HSR funding still an uncertainty
A U.S. high speed rail program relying in part on state funding contributions is a problematic proposal at best, according to a report issued by the Government Accountability Office. In fact, state
Mitsubishi, Hitachi form rail system export joint venture
Japanese industrial powerhouses Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. have formed a joint venture “to work cooperatively in the field of intra-city railway systems for overseas markets,” the two companies
T.Y. Lin names Pizzurro to key transit post
T.Y. Lin International announced Tuesday that it has named Joseph Pizzurro, P.E., to the post of Director of Transit/RailEngineering in its New York City office. Pizzurro will be responsible for leading teams on projects for
Wabtec joint venture wins first China order
Wabtec Corp. announced Tuesday that it has formed a joint venture in China known as Wabtec Golden Bridge Transportation Technology to manufacture couplers for transit systems. The joint venture’s first order is a $7
Pennsylvania rail yard solar project gets boost
Pennsylvania has allotted $1 million for a solar-power field on part of a Superfund site at the Paoli, Pa., rail yard, as part of a plan for a new transportation facility, state
Rail Runner launches rider text alerts
Riders on New Mexico’s Rail Runner Express trains can sign up for text alerts about significant delays, the Mid-Region County of Governments said Monday. The messages will only cover delays estimated at
Alstom, Transmashholding form joint venture
France’s Alstom, Russia’s Transmashholding, and Kazakh Railways have signed an agreement for the creation of a joint venture company to produce electric locomotives in Kazakhstan. The parties signed the agreement at the