(Adds investor comment) March 1 (Reuters) - U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and would also slash capital spending. Harrison, an investor favorite for leading turnarounds of…
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The Stockton Terminal and Eastern Railroad (STE) in California has received a grant from the San Joaquin Valley Unified Air Pollution Central District (UAPCD) for the purchase of a new locomotive.Under the grant program, the UAPCD is providing cash incentives for the purchase of the environmentally friendly locomotive, according to OmniTRAX Inc., the railroad's parent.The…
The purchase is expected to enable FreightCar to "be more responsive to customer needs," said President and CEO Jim Meyer. Photo – freightcaramerica.net FreightCar America Inc. has agreed to purchase Navistar Inc.'s rail-car operations assets at its Shoals facility in Cherokee, Alabama. Since 2013, FreightCar has subleased a large portion of the Shoals facility. As…
'Passengers want to be able to download an app and travel' 01 Mar 2018 It is an ‘exciting time’ for smart ticketing, Rambus Ticketing Managing Director Russell McCullagh told Railway Gazette International at the Transport Ticketing Global 2018 conference in London. TICKETING: Rambus Ticketing Managing Director Russell McCullagh has worked in smart ticketing for more…
As many as two-thirds of the 29 U.S. commuter railroads may not meet a deadline to install an anti-crash technology by the end of the year. In 2008, Congress required that PTC be implemented across the country by the end of 2015. It then extended the deadline to the end of 2018. The GAO report…
-report@ WASHINGTON, Feb 28 (Reuters) - As many as two-thirds of the 29 U.S. commuter railroads may not meet a deadline to install an anti-crash technology by the end of the year, according to a report by a government watchdog seen by Reuters. The report by the U.S. Government Accountability Office is expected to be…
Chicago South Shore & South Bend Railroad (CSS) recently added rail-car storage opportunities for empty or loaded freight cars.The expanded storage space is the result of new investments in track capacity designed to help third-party and off-line customers with short- and long-term rail-car storage needs, CSS officials said in a press release."The need for railcar…
WASHINGTON (AP) — President Donald Trump is putting the brakes on attempts to address dangerous safety problems from speeding tractor-trailers to sleepy railroad engineers as part of his quest to roll back regulations across the government, according to a review by The Associated Press of Transportation Department rule-making activities. A dozen transportation safety rules under…
Kevin Desmond (at podium) made the announcement at a Feb. 23 press conference. Photo – TransLink's 'Buzzer' blog TransLink late last week announced plans to accelerate the delivery of 28 new SkyTrain cars for the Expo and Millennium lines.To be built by Bombardier, the units now are slated to arrive by the end of 2019,…
Fuel cell train development funding 26 Feb 2018 GERMANY: The Federal Ministry for Transport & Digital Infrastructure is to provide Siemens and RWTH Aachen University with €12m to support the development of more efficient fuel cells which would offer a longer life cycle and higher power density. In November 2017 Siemens and Canadian fuel cell…