TNW executives, left to right: Jeff Davis, chief operating officer; Wade Hoffmann, vice president marketing and sales; Robert Murchison, owner; Paul Treangen, chief executive officer;…
Posts published in September 2018
Rail News Home Federal Legislation & Regulation 9/21/2018 Rail News: Federal Legislation & Regulation STB wants regular updates from UP as it phases in scheduled railroading UP Chairman, President and CEO Lance Fritz Photo – up.com The Surface Transportation Board (STB) has asked Union Pacific Railroad senior management to hold weekly phone calls with the…
Rail News Home Federal Legislation & Regulation 9/21/2018 Rail News: Federal Legislation & Regulation Denver's RTD sued by commuter-rail developer RTD's University of Colorado A Line operates between Denver Union Station and Denver International Airport. Photo – Shutterstock The Regional Transportation District of Denver (RTD) has been sued by Denver Transit Partners (DTP), the consortium…
Chinese-state owned rail-car maker CRRC is building Red and Orange line vehicles for the Massachusetts Bay Transportation Authority. Photo – MBTA Mayor Domenic Sarno of Springfield, Massachusetts, has asked the Trump administration to end tariffs on Chinese-built rail cars.In a letter obtained by New England Public Radio, Sarno told U.S. Trade Representative Robert Lighthizer that…
OMAHA, Neb. (AP) — Union Pacific plans to borrow some ideas from other major freight railroads as it works to improve its operations. The Omaha, Nebraska-based railroad said Monday that it will incorporate some of the operating principles that have led to dramatic improvements in the profitability of rival CSX. Former CSX CEO Hunter Harrison…
Rail News Home Federal Legislation & Regulation 9/17/2018 Rail News: Federal Legislation & Regulation Arctic Gateway reports fatal derailment on Hudson Bay Railway The Arctic Gateway Group acquired Hudson Bay Railway and related facilities from OmniTRAX Inc. on Aug. 31. Photo – Photo – Port of Churchill Arctic Gateway Group reported yesterday that a fatal…
Rail News Home Federal Legislation & Regulation 9/17/2018 Rail News: Federal Legislation & Regulation FRA: Nine railroads 'at risk' of not qualifying for PTC extension FRA Administrator Ronald Batory Photo – fra.dot.gov Nine railroads — all passenger — have been determined to be "most at risk" of failing to qualify for an extension of the…
DALLAS (AP) — A Texas company has secured a $300 million loan for a proposed high-speed rail project from Dallas to Houston. Texas Central Partners will use the funds from Japanese sources to move forward with permitting, design and engineering, The Dallas Morning News reported . The company plans to use Japanese bullet train technology…
CNBC's Jim Cramer explains how Apple's sustained innovation can drive its stock higher.The "Mad Money" host sits down with the CEO of AeroVironment as well as the founder and CEO of Barstool Sports.In the lightning round, Cramer suggests an alternative to the stable stock of Chevron. Lightning round: An alternative to CVX In Cramer's lightning…