The Federal Transit Administration (FTA) and Federal Emergency Management Agency (FEMA) are awarding New York’s Metropolitan Transportation Authority $193.1 million in Hurricane Sandy recovery funds, including initial reimbursement costs incurred by New York City Transit, Long Island Rail Road, and Metro-North Railroad during preparation for the storm.
New Jersey Transit Corp. has awarded Bombardier Transportation a $16 million contract for repair to its BiLevel fleet damaged by flooding during Hurricane Sandy last October.
Bombardier Transportation on Monday rejected claims by Germany’s Deutsche Bahn involving the S-Bahn Berlin 481 series as without merit, calling DB’s allegations defamatory.
Amtrak has reached tentative agreement with private developers in Manhattan to construct an 800-foot-long box tunnel on site at the 26-acre Hudson Yards development site on Manhattan’s West Side. The tunnel would act as a placeholder for eventual expansion of Northeast Corridor capacity under the Hudson River, Amtrak’s Gateway Tunnel project.
Operation Lifesaver, Inc., in partnership with the Federal Transit Administration (FTA), announced Monday that grant funds are available to transit agencies and other governmental entities for rail transit safety education and public awareness initiatives.
MTA Metro-North Railroad could make access to Manhattan’s Pennsylvania Station an official priority in its next five-year capital construction program to be released in 2014, despite decades of obstructions confronting the railroad.
Wabtec Corp. said Tuesday record fourth-quarter earnings per diluted share of $1.34, 40% above EPS in the fourth quarter of 2011 and topping Wall Street analyst consensus estimates of $1.31. Sales also notched a record, at $610 million, just short of analyst estimates of $611 million, and driven by the company’s Transit Group.