news

Bombardier wins award for the Olympic Line in Vancouver

The Canadian UrbanTransit Association recognizes Bombardier’s achievement for 60-day streetcardemonstration project in Vancouver, Canada. At the CUTA 2010 Annual Conferenceheld in Ottawa, Canada, Bombardier Transportation received an award for theOlympic Line in the category "Exceptional Performance and OutstandingAchievement" under CUTA’s National Transit Corporate Recognition Award Program.

Cattron Group International™ adds new manufacturer representatives in Mexico

Cattron Group International™, a lglobal manufacturer of remote control products and professional services for the industrial, mining, commercial mobile and railroad markets, has contracted with TTechTrain SA de CV to represent the company in Mexico. They will handle all brands for the Industrial and Rail markets. Andres Duncan and Susana Duncan, along with their colleagues, have a combined experience of 86 years providing service to the railroad industry in the Americas.


Global Railway breaks into the black

Global Railway Industries Ltd. reports that net earnings for this year’s first quarter improved to $89,000 compared to a $1.5 million net loss in the first quarter of 2009. Total revenue increased

NJT a source for upcoming VRE operations

Keolis Rail Services America is nearly done hiring about 45 train engineers and conductors to operate Virginia Railway Express trains, which the company will take over from Amtrak beginning June 28. At

Ansaldo STS USA offers current sensor for PTC

Ansaldo STS USA Monday announced its VitalNet™ Current Sensor for use in Positive Train Control applications, as mandated for most Class I rail rights-of-way by the Rail Safety Improvement Act of 2008.

UP adds $100 million to 2010 capital spending

Union Pacific announced that it has increased its 2010 capital expenditure program by $100 million in growth capital to a total of $2.6 billion. The railroad said the additional $100 million will

Commentary

Financial Edge: Recovery: Jump in or hang tough?

By Anthony Kruglinski Railroad Financial Corp. (my firm) recently wrapped up its 24th Annual Rail Equipment Finance Conference in Palm Springs, Calif. This year nearly 250 people attended (two dozen more than

State coalition asks Congress for passenger rail funds

The States for Passenger Rail Coalition has sent Congress a request for 2011 funding that includes a $2.5 billion appropriation for grants under the High Speed Intercity Passenger Rail program, the same level sought

Commentary

From the Editor: The business of PTC is safety. Period

By William C. Vantuono, Editor Though safety is always good business in the railroad industry, the Railroad Safety Improvement Act of 2008, which kicked-started the industry down the path to Positive  Train

Bombardier lands ERTMS contract in Poland

Bombardier Transportation capped a busy corporate news week Friday by announcing a contract to implement European Rail Traffic Management System (ERTMS) Level 2 technology in Poland. The company says the deal with

RailPros expands office presence, staff

RailPros, Inc. says it has opened an office in downtown SanDiego “to better serve our San Diego-area clients.” The office is located at401 B Street, Suite 310, San Diego, CA 92101; telephone:

Moorman: “The stage is set for a good 2010”

Norfolk Southern Chief Executive Officer Wick Moorman told shareholders at their annual meeting in Williamsburg, Va., Thursday that the “longer-term prospects for Norfolk Southern and the rail industry remain very bright.” He

U.S. freight traffic continues to rebound

U.S. carload freight traffic rose 14.7% during the week ended May 8, 2010, compared with the comparable week in 2009, the Association of American Railroads reported Thursday, marking the 11th consecutive week

Genesee & Wyoming volume up 16% in April

Genesee & Wyoming (GWI) railroads racked up April volume of 72,023 carloads, an increase of 9,979 carloads, or 16.1%, compared with April 2009. GWI said metals traffic grew by 3,557 carloads primarily due to

Toronto taps Bombardier for more subway cars

The Toronto Transit Commission has exercised options to buy 186 subway cars—31 six-car trainsets—valued at approximately C$390 million (US$378 million) from Bombardier Transportation. The cars are scheduled to be delivered between 2012 and 2013. The

Cincinnati City Council backs streetcar plan

The Cincinnati City Council, in a 6-2 vote Wednesday, approved a $64 million bond measure to generate local funds for a $128 million streetcar project, following the recommendation made Monday by a finance committee

Tampa area weighs two LRT route options

A final public hearing takes place Thursday night on a proposed one-cent sales tax referendum before Hillsborough County (Fla.) commissioners decide whether to advance plans for light rail transit in Tampa. The

OneRail calls for passenger, freight balance

As federal investment in rail ramps up, and as the SAFETEA-LU omnibus transportation funding bill comes up for renewal, the OneRail Coalition, a diverse collection of interests representing freight and passenger rail,

RailAmerica traffic up 10.7% in April

RailAmerica, Inc. says its 40 short lines and regional railroads carried 73,136 carloads of freight in April, up 10.7% from April 2009. These results exclude the discontinued Ottawa Valley Railway operation. The

CN advances carbon offset plan

Canadian National said Wednesday it has pioneered a modal shift protocol that will create new carbon offset project opportunities for British Columbia’s transportation sector. CN President and Chief Executive Officer Claude Mongeau said