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…
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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…
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…
Rail News Home Federal Legislation & Regulation 9/13/2018 Rail News: Federal Legislation & Regulation CP, Canadian government discuss rail plans for 2018 grain crop "We have built the foundation for continued success in grain," CP's Joan Hardy told government officials. Photo – Canadian Pacific Magazine Canadian Pacific, in collaboration with its customers and supply chain,…
Rail News Home Federal Legislation & Regulation 9/12/2018 Rail News: Federal Legislation & Regulation FRA issues funding notice for $46 million in PTC grants FRA Administrator Ronald Batory Photo – www.fra.dot.gov The Federal Railroad Administration (FRA) today announced a notice of funding opportunity (NOFO) for $46.3 million in grants to help railroads pay for the…
Union Pacific Railroad plans to procure 1,000 high-tech refrigerated boxcars — and up to 1,600 if needed — which would mark one of the largest equipment acquisitions in UP history.Brad Thrasher, UP's vice president-agricultural products, revealed the Class I's plans during a transportation workshop at the Idaho Grower Shippers Association's convention late last month, according…
All the CN locomotives will be produced at GE's plant in Fort Worth, Texas. Photo – GE Transportation's Twitter account CN will purchase another 60 GE Transportation locomotives, expanding the Class I's 200-unit order placed in December 2017, the Class I and GE announced today.All the CN locomotives will be produced at GE's plant in…
Exterior and interior renderings of the 8000-series rail cars Photo – WMATA The Washington Metropolitan Area Transit Authority (WMATA) has issued a request for proposals (RFP) for the design and construction of at least 256 new 8000-series rail cars.The new units would allow WMATA to retire 2000- and 3000-series cars, which are nearing the end…