Virgin Trains USA raises another $1.75 billion in latest bond sale

Orlando_VirginTrains_Johnston

MIAMI—Two weeks after the Florida Development Finance Corporation paved the way for the sale of $1.75 billion in private activity bonds, Virgin Trains USA announced today that the offering was fully subscribed. It attracted 67 different investors. “With the closing of the sale, Virgin Trains USA has the necessary funds to begin construction … of […]

Read More…

Chinese workers and the first Transcontinental Railroad

Workers who built the first Transcontinental Railroad, by hand, in the late 1860s labored through grueling heat, biting winter cold, snow, attacks from Native American tribes, and long, long work days.   Learn how they did it with this excerpt from one of Trains’ newest DVD’s, Journey To Promontory, available from the Kalmbach Hobby Store. […]

Read More…

Amtrak rejects ceding Union Station control to Metra NEWSWIRE

Chicago_Hearing_Wronski

Amtrak’s Ray Lang speaks at Tuesday’s hearing in Chicago on commuter rail issues. To his left is Metra CEO Jim Derwinski. Others are Patricia Caslin of BNSF, John Friedmann of Norfolk Southern, and Mike Matteucci, regional director for Canadian National. Richard Wronski CHICAGO — Amtrak is rejecting a proposal to let Metra take over operations […]

Read More…

Commuter rail group aims for more clout in Washington D.C. NEWSWIRE

CRC_Logo

WASHINGTON — Look no farther than positive train control to understand the motivation behind the formation of the Commuter Rail Coalition, an advocacy group for U.S. commuter rail agencies. The nation’s commuter railroads will spend $4.1 billion to implement PTC, an unfunded congressional mandate that has forced some transit agencies to delay needed repair or […]

Read More…

Metra board approves consultant contracts for railcar, locomotive purchases NEWSWIRE

Metra_Logo

CHICAGO — Metra’s board of directors on Wednesday approved contracts totaling $13.6 million to two consultants to assist the commuter rail agency in purchasing locomotives and coaches. One contract, for $10 million, was awarded to STV Inc. of Philadelphia, Pa., to provide quality assurance, engineering, and administrative assistance for Metra’s planned purchase of new commuter […]

Read More…

MTA grills vendors on PTC equipment issues NEWSWIRE

MTA

NEW YORK — Metropolitan Transportation Authority Patrick Foye said Monday that installation of positive train control on the Metro-North and Long Island Rail Road is being delayed by “an appalling industrial performance” by a key vendor, setting up a grilling of representative of two vendors at the Metro-North and Long Island committee meeting. Almost 40 […]

Read More…

Private cars unwelcomed at Washington Union Station NEWSWIRE

WASHINGTON — Private varnish will become a rare sight at Washington Union Station for the foreseeable future as concourse modernization work limits the switching and layover of private railcars in the Nation’s Capital. Amtrak has already denied several private car trips originating in Washington Union Station as soon as early May, citing recent changes in […]

Read More…