By Tony Kruglinski, Financial Editor As readers of this column already know, the rail industry has enjoyed more than 30 years of seemingly limitless financing of its equipment needs by banks, insurance
By William C. Vantuono, Editor In his own words, Norfolk Southern CEO Wick Moorman, Railway Age’s 2011 Railroader of the Year, was a kid who loved trains. A fully qualified and
By William C. Vantuono, Editor OK, it’s December. It’s the end of the year. The Holidays are here. We’re supposed to be spreading peace on earth and good will toward men (well,
By William C. Vantuono, Editor If you happen to believe the popular misinterpretation of the Mesoamerican Long Count Calendar (Mayan Calendar), we won’t need any new equipment as of 12/21/2012, so don’t
By Jerry Vest Almost 20 years ago, federal surface transportation policy changed for the better. Enactment of the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) meant the days of Congress simply
By William C. Vantuono, EditorOne full issue of Railway Age, much less one page of it, wouldn’t come close to doing justice to InnoTrans 2010, “the best of the best,” as Publisher
By William C. Vantuono, Editor Recovering from the worst business downturn in nearly 80 years, U.S. Class I railroads earned an average rate of return on net investment of 9.60% in the
By William C. Vantuono, Editor The Great Recession is receding (though some insist it mightbe reseeding). Traffic is returning to the railroads. Profits are up.Productivity is up. Operating ratios are falling. Take
By William C. Vantuono, Editor Creation of two new subway extensions in New York City is testimony to the drive and persistence that eventually gets very bigthings done in a very
DOC®: Car Hunter By William C. Vantuono, Editor More than a century ago, one of this magazine’s chief editors remarked, “It may be true that experience is the best teacher. But a