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Posts published in January 2019

Rail supplier news from Ricardo, APM Terminals, Dover, Seyfarth Shaw, Hanson and AECOM (Jan. 30)

Rail News Home Mechanical 1/30/2019 Rail News: Mechanical Rail supplier news from Ricardo, APM Terminals, Dover, Seyfarth Shaw, Hanson and AECOM (Jan. 30) A diesel multiple unit. Photo – Ricardo Ricardo won a contract from United Kingdom-based rolling stock owner Porterbrook to provide engineering expertise for the integration of MTU's hybrid powerpack into a converted…

NTSB: Accident investigation evidence may be lost due to shutdown

Rail News Home Federal Legislation & Regulation 1/29/2019 Rail News: Federal Legislation & Regulation NTSB: Accident investigation evidence may be lost due to shutdown Robert Sumwalt is chairman of the NTSB. Photo – ntsb.gov The National Transportation Safety Board (NTSB) resumed normal operations yesterday and began developing plans to address work that could not be…

Short-line tax credit bill introduced in Senate

Rail News Home Federal Legislation & Regulation 1/28/2019 Rail News: Federal Legislation & Regulation Short-line tax credit bill introduced in Senate A bill that would permanently extend the 45G short-line tax credit has been introduced in the Senate, the American Short Line and Regional Railroad Association (ASLRRA) announced late last week.The lead sponsors of S.…

A key market sector is signaling the Fed should stay on hold

Recent earnings from railroad operators Norfolk Southern and Union Pacific offer key insights into the state of U.S. commerce, says CNBC's Jim Cramer.The results suggest that the Federal Reserve would do well by keeping its planned interest rate increases on hold, Cramer says.The Federal Open Market Committee, which makes decisions on interest rates, meets this…

If you have to buy a Chinese stock, stick with Alibaba

CNBC's Jim Cramer explains how Alibaba is an investor’s best bet when it comes to investing in Chinese stocks during the trade war.The "Mad Money" host also hears from his resident energy expert, RBN Energy's Rusty Braziel.In the lightning round, Cramer says one best-of-breed stock is a bit expensive for his taste. Lightning round: Cleaning…

Wabtec, GE merger nears completion; Siemens, Alstom merger still a ways off

Rail News Home Mechanical 1/28/2019 Rail News: Mechanical Wabtec, GE merger nears completion; Siemens, Alstom merger still a ways off Wabtec Corp. and GE Transportation late last week announced modifications to the terms of their merger agreement, which was reached in late 2018.The planned merger now is expected to close by February's end, subject to…

STB reveals four Class Is were ‘revenue adequate’ in 2017

Rail News Home Federal Legislation & Regulation 12/27/2018 Rail News: Federal Legislation & Regulation STB reveals four Class Is were 'revenue adequate' in 2017 The Surface Transportation Board (STB) announced last week that the Class Is that achieved "revenue adequacy" for 2017 were BNSF Railway Co., Norfolk Southern Corp.'s combined railroad subsidiaries, Canadian Pacific's Soo…

FRA provides grants for 11 PTC projects

Rail News Home Federal Legislation & Regulation 12/26/2018 Rail News: Federal Legislation & Regulation FRA provides grants for 11 PTC projects Amtrak’s first host-owned territory that was implemented with PTC involved BNSF subdivisions. Photo – Amtrak The Federal Railroad Administration (FRA) announced late last week it awarded $46.3 million in grants for 11 positive train…