A Blue Ribbon Panel convened by Amtrak is recommending co-located train dispatchers, improved operating practices, and capital improvement projects to help relieve rail gridlock in and around Chicago and prevent an estimated $800 billion in nationwide economic impacts resulting from the congestion.
Progress Rail Services Corp., a Caterpillar company, on Sept. 28, 2015 entered into a definitive agreement to purchase Rail Product Solutions, Inc. (RPS) from Amsted Rail Company, Inc. RPS is a leading North America provider of track fastening products and integrated fastening systems.
I’m truly looking forward to Railway Interchange 2015 in Minneapolis next month. The first one was held here four years ago and was a huge success. This one promises to be even bigger and better and is by far, the most significant industry event of the year.
Britian’s Office of Rail and Road (ORR) published its rail freight statistics for the first quarter of the 2015-16 financial year on September 24, revealing total volumes fell by 17.7% compared with the first quarter of 2014-15 to 4.6 billion net tonne-km.
Metro de Panama has awarded Consórcio Línea, a Brazilian/Spanish consortium of Alstom, CIM, Sofratesa, Thales and TSO, a $2.2 billion contract to supply Line 2 of the Panama Metro system on a turnkey basis.
On September 22, 2015, Rep. Cathy McMorris Rodgers (R-WA-05) joined Railway Engineering-Maintenance Suppliers Association and National Railroad Construction & Maintenance Association member L.B. Foster Company for a tour of its concrete tie manufacturing facility.
Continuing a tradition of smooth leadership transitions, Norfolk Southern Executive Chairman Charles W. “Wick” Moorman will be stepping down effective Oct. 1, 2015. President and CEO James A. Squires will become Chairman.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, has announced the sale of A. Stucki Company (A. Stucki), a leading manufacturer and supplier of new and reconditioned railcar components, to Stone Canyon Industries (Stone Canyon).
On Sept. 15, 2015, Congresswoman Gwen Graham’s (D-FL-02), District Director Mary Lee Kiracofe and Economic Development Liaison Kent Watson toured the Georgia & Florida Railway (GFRR) in Perry, Fla. The GFRR is a network of approximately 264 miles of track commencing from its Albany, Ga. headquarters, and extending into northwestern Florida near the Gulf of Mexico. Throughout the entire line, connections are made along the way with other railroads in Florida and Georgia, including Class I’s Norfolk Southern and CSX. The GFRR is owned and managed by OmniTRAX Inc.
Frauscher, an Austria-based inductive sensor technology company, will be exhibiting for the first time at Railway Interchange 2015.