Rail News Home Federal Legislation & Regulation 2/4/2019 Rail News: Federal Legislation & Regulation STB installs Fuchs as vice chairman for 2019 Patrick Fuchs Photo – Patrick Fuchs' LinkedIn page The Surface Transportation Board (STB) has designated Patrick Fuchs as vice chairman. The vice chairmanship rotates among board members each year.Fuchs was sworn in last…
Posts published in “Uncategorized”
Rail News Home Federal Legislation & Regulation 1/31/2019 Rail News: Federal Legislation & Regulation ASLRRA holds fly-ins to build BRACE Act support in DC The American Short Line and Regional Railroad Association (ASLRRA) held a fly-in yesterday in Washington, D.C., to garner congressional support for the Building Rail Access for Customers and the Economy (BRACE)…
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…
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…
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.…
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…
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…
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…