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Posts published in August 2018

Catenary renewal fleet ordered – Railway Gazette

Catenary renewal fleet ordered 08 Aug 2018 Tesmec has previously supplied catenary installation vehicles for projects in various countries, including Russia, Poland and the USA. FRANCE: The RC2 consortium of TSO, Mobility, ETF and Setec Ferroviaire has selected Bergamo-based Tesmec Group to develop and supply a fleet of high-performance on-track machines for the replacement of…

Artificial intelligence to analyse rolling stock data

Artificial intelligence to analyse rolling stock data 07 Aug 2018 UK: Leasing company Porterbrook has announced a partnership with data science and cloud architecture consultancy Elastacloud, saying the two companies had identified ‘at least 30’ key performance indicators across the rolling stock sector that might be improved through AI. ‘Our industry produces large volumes of…

AAR, GoRail honor Denham with Railroad Achievement Award

Rail News Home Federal Legislation & Regulation 8/6/2018 Rail News: Federal Legislation & Regulation AAR, GoRail honor Denham with Railroad Achievement Award Denham (right, with Nate Kaplan) was recognized for continued leadership on issues affecting freight and passenger railroads. Photo – AAR U.S. Rep. Jeff Denham (R-Calif.), a senior member of the House Transportation and…

UPDATE 3-Berkshire Hathaway profit surges as economy gives Buffett a boost

(Recasts first paragraph, adds financial details throughout) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance…

UPDATE 2-Berkshire Hathaway profit surges as economy gives Buffett a boost

(Adds comment, details from quarterly results) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. Results easily topped analyst forecasts. Underwriting profit at the…

Senate OKs $16.1 billion for transit, passenger rail

Rail News Home Federal Legislation & Regulation 8/2/2018 Rail News: Federal Legislation & Regulation Senate OKs $16.1 billion for transit, passenger rail The Senate Appropriations Committee Room Photo – U.S. Senate Photo Studio The U.S. Senate yesterday approved a fiscal-year 2019 appropriations bill that provides $16.1 billion for public transit and intercity passenger rail.The Transportation,…

Transport Canada awards funds for Central Manitoba Railway project

Rail News Home Federal Legislation & Regulation 8/1/2018 Rail News: Federal Legislation & Regulation Transport Canada awards funds for Central Manitoba Railway project Minister of Transport Marc Garneau Photo – Transport Canada Transport Canada yesterday announced CA$5.6 million in government funding for a rail infrastructure project at the Central Manitoba Railway's Pine Falls subdivision.The project…