ATLANTA — The strategy shift that Norfolk Southern announced yesterday — focusing on providing consistent service and volume growth rather than on costs and the operating ratio — received a generally positive reception from Wall Street analysts. But they also said that to win over skeptical investors NS will have to prove that it can […]
Train Topic: Rail Industry
LA Metro seeks $1.9 billion from California for three light rail projects
LOS ANGELES — The LA Metro board has submitted a package seeking $1.9 billion in funding from the state of California for three light rail projects, Metro announced today (Wednesday, Dec. 7). The funds would come from the state’s Transit and Intercity Rail Capital Program. Funding from that program is expected to be awarded on […]
FRA begins accepting applications for $2.3 billion in passenger grants
WASHINGTON — Almost $2.3 billion in funding is now available for intercity passenger rail capital projects through a Federal Railroad Administration grant program now accepting applications for fiscal 2022. The Notice of Funding Opportunity issued today (Wednesday, Dec. 7) is for the Federal-State Partnership for Intercity Passenger Rail Grant Program. The program has previously funded […]
Trade associations, shippers, and rail labor will participate in STB hearings on UP’s use of embargoes (updated)
WASHINGTON — Trade groups representing chemical manufacturers, mining companies, energy producers, and agricultural interests, plus several individual shippers, and railroad labor unions all plan to participate in next week’s Surface Transportation Board hearing on Union Pacific’s increased use of embargoes as a way to manage congestion. Trade groups including the American Chemistry Council, The Fertilizer […]
Regional Rail adds three Midwest short lines
KENNETT SQUARE, Pa. — Short line owner and operator Regional Rail LLC will add three railroads to its holdings, having agreed to acquire three Midwestern operations from Agracel Rail Holdings. The new additions are the Effingham Railroad Co., located in the Effingham (Ill.) Industrial Park, which offers interchange with Canadian National and CSX Transportation; the […]
Spokane Valley, Wash., gets final $5 million for BNSF grade-crossing project
SPOKANE VALLEY, Wash. — The community of Spokane Valley has gained the last of the funding it needs for a $38 million grade crossing project with the announcement the Washington State Department of Transportation will contribute $5 million toward an underpass for Pines Road at its intersection with the BNSF main line. The Spokane Spokesman-Review […]
Wabtec transit braking system receives certification
PITTSBURGH — A Wabtec brake technology for transit systems, designed to address wheel slide in low-adhesion situations such as can occur on wet or leaf-covered rails, has received European certification, allowing its use on new equipment as well as retrofitting onto existing mainline trains. The DistanceMaster Adaptive Wheel Slide Protection technology received certification from international […]
Keolis names Shaw as chief operating officer for North America
BOSTON — Steve Shaw has been named as chief operating officer for Keolis North America, the first person to hold that position for the company’s transit operations in the region. Shaw previously served as president and CEO of Keolis Transit America, overseeing bus operations across the U.S. “Steve’s experience in our industry and at Keolis […]
Norfolk Southern says reliable, resilient service will lead to long-term volume growth
ATLANTA — Norfolk Southern today (Tuesday, Dec. 6) rolled out a new strategy to provide the kind of reliable and resilient service that over the long term will enable the railroad to grow by luring freight off the highway. NS will balance service, productivity, and growth, CEO Alan Shaw said at the railroad’s investor day. […]
Big four U.S. railroads report progress on service recovery goals (corrected)
WASHINGTON – The big four U.S. Class I railroads have told federal regulators that their service is at or near pre-pandemic levels thanks to improved train crew staffing levels. BNSF Railway, CSX Transportation, Norfolk Southern, and Union Pacific each pointed to improvements in their key operating metrics in updated reports filed on Friday with the […]
Pennsylvania borough calls for use of Pop Up Metro to connect to SEPTA system
WEST CHESTER, Pa. — The West Chester Borough Council is calling for use of the Pop Up Metro concept, instead of conventional rail service, to connect the borough to downtown Philadelphia. The Daily Local News reports that the borough council has passed a resolution supporting a study by the Southeastern Pennsylvania Transportation Authority and Chester […]
Louisiana provides $3 million in infrastructure grants to two railroads
NEW ORLEANS — Two short lines will each receive $1.5 million grants from the Louisiana Department of Transportation and Development under its Class II and III Rail Infrastructure Improvement Program, the department has announced. The New Orleans Public Belt Railroad will receive funds toward construction of the NOPB Transloading Industrial Park in New Orleans East, […]