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Massachusetts mayor asks U.S. to drop tariffs on Chinese rail cars

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…

Union Pacific to borrow from competition in its rail reforms

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…

FRA: Nine railroads ‘at risk’ of not qualifying for PTC extension

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…

Arctic Gateway reports fatal derailment on Hudson Bay Railway

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…

Texas company gets $300M loan for high-speed train project

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…

Apple’s new products prove its valuation is too low

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…

CP, Canadian government discuss rail plans for 2018 grain crop

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,…

FRA issues funding notice for $46 million in PTC grants

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 to acquire 1,000 refrigerated boxcars

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…