Rail News Home Mechanical 1/21/2019 Rail News: Mechanical Amtrak issues RFP for Amfleet I replacements The new units will replace Amtrak's fleet of 470 Amfleet I and ex-Metroliner cars. The Amfleet I units are over 40 years old, while Amtrak's fleet of ex-Metroliner equipment entered service 50 years ago this week. Photo – history.amtrak.com Amtrak…
Posts published in January 2019
Rail News Home Mechanical 1/21/2019 Rail News: Mechanical North Carolina DOT obtains federal, state grants for locomotive upgrades The Piedmont Corridor runs between Raleigh and Charlotte. Photo – NCDOT Rail Division The North Carolina Department of Transportation (NCDOT) late last week announced a recently awarded federal grant that will help its rail division continue to…
Rail News Home Federal Legislation & Regulation 1/18/2019 Rail News: Federal Legislation & Regulation House leader names transportation subcommittee ranking members House Transportation and Infrastructure Committee Ranking Member Sam Graves (R-Mo.) yesterday announced the ranking members of the panel’s six subcommittees for the 116th Congress. The ranking members and their subcommittees will be Rep. Rick…
Rail News Home Mechanical 1/18/2019 Rail News: Mechanical Confidence in equipment leasing sector dipped in January, foundation says The Equipment Leasing & Finance Foundation released the results of its monthly confidence index, which showed overall confidence levels in the equipment finance market "eased further" this month. The January 2019 Monthly Confidence Index for the Equipment…
Rail News Home Mechanical 1/18/2019 Rail News: Mechanical Rail supplier news from Progress Rail, Alstom, Steel Dynamics, TranSystems and the NRC (Jan. 18) Progress Rail recently delivered 10 locomotives to Tunisia. Photo – Tunisian National Railway Co. Progress Rail recently delivered the first 10 locomotives in a 20-unit order to the Tunisian National Railway Co.…
CSX on Wednesday reported quarterly profit that topped Wall Street's expectations.Shares fell 2 percent, however, after the No. 3 railroad operator forecast less robust revenue growth for 2019.CSX forecast low single-digit revenue growth for 2019 on the heels of 7.4 percent growth last year. Luke Sharrett | Bloomberg | Getty Images A CSX coal train…
(Adds details on results, forecasts, company comment) LOS ANGELES, Jan 16 (Reuters) - CSX Corp on Wednesday reported quarterly profit that topped Wall Street's view, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. Cooling economies in Asia and Europe are roiling global stock markets and…
Rail News Home Federal Legislation & Regulation 1/15/2019 Rail News: Federal Legislation & Regulation CP 'takes exception' to government probe into Vancouver rail service issues Canadian Pacific executives are taking issue with a Canadian Transportation Agency (CTA) plan to include the Class I in a far-reaching investigation into possible freight-rail service problems in the Vancouver,…
Rail News Home Federal Legislation & Regulation 1/14/2019 Rail News: Federal Legislation & Regulation Congress names transportation committee leaders The U.S. House and Senate have established their committee and subcommittee leadership for the 116th Congress, including those related to transportation.In the House, U.S. Rep. Sam Graves (R-Mo.) will serve as the ranking member of the…
(Repeats column that ran on Friday, with no changes) * Chartbook: https://tmsnrt.rs/2HjMiXV LONDON, Jan 11 (Reuters) - By the end of last year, hedge fund positions in diesel had fallen to a level normally associated with a sharp slowdown in economic growth if not an outright recession. Most middle distillate fuels such as diesel, gasoil…