For railroad suppliers who are wondering how BNSF Railway’s large capital improvement programs will fare under new ownership, there’s reassuring news in the transcript of an in-house interview between Warren Buffett and BNSF CEO Matt
A formal groundbreaking Monday marked construction of Toronto’s Sheppard East light rail extension of roughly 8.4 miles along Sheppard Avenue from the Don Mills subway station. Sheppard East LRT is being billed as the
Chicago-based FreightCar America, Inc. announced Sunday that Chief Executive Officer Christian Ragot had stepped down from his post “by mutual consent.” Edward Whalen will succeed Ragot; Whalen joined FreightCar America as one of
New York City Mayor Michael R. Bloomberg joined Metropolitan Transportation Authority Chairman and CEO Jay H. Walder Monday in announcing completion of the first phase of the Number 7 subway extension at
Jacksonville, Fla.-based RailAmerica, Inc. said its subsidiary RaiLink Canada Ltd. has closed on a transaction with Canadian Pacific to terminate its lease of the Ottawa Valley Railway (OVR) line. Under the terms
Ontario’s provincial government has committed C$600 million (US$568 million) toward Ottawa’s C$2.1 billion (US$2.0 billion) transit expansion project, most likely involving light rail transit. The C$2.1 billion is part of a C$6.6
Ansaldo STS USA says it has been awarded an $11.9 million subcontract agreement with Mass Electric Construction Co. as a part of the Washington Metropolitan Area Transit Authority’s (WMATA) “Rehabilitation of Red
The Association of American Railroads reported that total freight traffic remained down from 2008 levels for the week ending Dec. 12, 2009, though on the intermodal side there was a slight increase in container volume.
Members of the Brotherhood of Locomotive Engineers and Trainmen on Thursday ratified a new collective bargaining agreement with the BNSF Railway that gives them wage increases totaling 11% over the five-year life of the contract.
RailComm has successfully commissioned a Centralized Traffic Control (CTC) system for the Capital Metropolitan Transportation Authority’s diesel multiple-unit (DMU) rail service in Austin, Tex. The Track Warrant Control portion of the system was launched just 32 days from the signed Notice to Proceed.
The railroad employment index reached its lowest point this year in November as total Class I employment declined to 147,047, down 1.29% from October and off 9.77% from November 2008. The employment index, based
Bombardier Transportation and its joint-venture partners in China have won a contract to supply Shanghai Rail Transit Line 12 Development Co. Ltd. with 246 Bombardier MOVIA metro cars (41 six-car trains). Bombardier’s share of
GE South African Technologies (GESAT), GE Transportation’s entity in South Africa, said Friday it has been awarded a contract to supply 100 locomotives Transnet Freight Rail, South Africa’s state-owned rail freight logistics utility,
By Scott T. Matheson, CFA, CPA Senior Director, Investment Research, CAPTRUST Financial Advisors On Nov. 3, Warren Buffett announced his company’s intention to acquire BNSF. He commented on CNBC that “[the acquisition
Let me make this perfectly clear: Warren Buffett is not Snehal Amin. (Remember him? He’s the hedge fund honcho who tried, and failed, to hijack CSX.) Warren Buffett understands railroads. Warren Buffett
A $154 billion package of legislation aimed at creating new jobs passed the House of Representatives by a 217-210 vote late Wednesday, without Republican support. Among its provisions is $800 million for
Association of American Railroads President and CEO Edward R. Hamberger Thursday issued a statement commenting on the Senate Commerce Committee markup of the Surface Transportation Board Reauthorization Bill. Said Hamberger, "We appreciate
Michigan State Rep. Bert Johnson reportedly was to introduce legislation Thursday that would establish a regional public transit authority for metropolitan Detroit, as the Motor City continues to play catch-up in terms
Trucking giant Schneider National announced Wednesday that its Intermodal division has completed a three-year conversion of its trailer/container mix to an all-container fleet. "Current economic realities require that shippers scrutinize every aspect of
Sound Transit will open its Tukwila to Sea-Tac International Airport light rail extension Saturday at 10 a.m. The agency is counting on the addition for direct access to the airport and to
