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 […]
A northbound Norfolk Southern train passes through Ferguson, Ky. Trains: Jim Wrinn LOWELL, Ark. — Precision Scheduled Railroad-driven lane closures and bad winter weather reduced intermodal traffic by 7 percent for J. B. Hunt Transport in the first quarter of 2019. “Volume or the lack thereof is obviously the main story,” David McGee, executive vice […]
See the Trains Magazine staff give its take on the week’s news. This week, Associate Editor Brian Schmidt and Editor Jim Wrinn discuss Precision Scheduled Railroading and quarterly earnings, an Ohio tower closure, steams locomotives on the move and static, and much more! Be sure to share your news tips with the staff at newswire@trainsmag.com! […]
This slide near Needleton was more than of 60 feet deep. Durango & Silverton Narrow Gauge DURANGO, Colo. – Wildfires, mudslides, and now avalanches. There isn’t much Mother Nature hasn’t thrown at Colorado’s Durango & Silverton Narrow Gauge Railroad in the past 12 months, but despite all of that, railroad officials there say they are […]
LAKE OSWEGO, Ore. — Railcar manufacturer The Greenbrier Companies has agreed to purchase American Railcar Industries from its current owner, ITE Management. Press releases at 6 a.m. EDT from Greenbrier and ITE to announce the deal say Greenbrier will buy American Railcar for $430 million in cash and convertible debt. ITE had completed purchasing American […]
An NJ Transit Atlantic City train arrives at Philadelphia’s 30th Street Station on March 13, 2018. Service on the Atlantic City line will resume in mid-May. Ralph Spielman ATLANTIC CITY — The long-awaited return of service on two NJ Transit lines won’t be awaited quite as long as had been anticipated. New Jersey Gov. Phil […]
OGDEN, Utah — Visitor estimates for this northern railroad center’s 150th anniversary celebration of the Golden Spike are “in the tens of thousands.” For railfans exhausted after days of train chasing and photography, Ogden offers four days of historically-themed activities, time to charge camera batteries, and an opportunity to learn about the glorious events of […]
BATON ROUGE — A poll has found strong support for creation of a passenger rail service between New Orleans and Baton Rouge. The poll, funded by business interest in the two cities, found about 75% of respondents were supportive of the idea after hearing the train would offer an alternative to driving between the cities. […]
Operating changes at Union Pacific will include shutting down the humps at two yards, and moving funding for the Brazos Yard to Sunset Route improvements. Union Pacific OMAHA, Neb. — Union Pacific has stopped building its new classification yard in Texas, idled the humps at yards in Oregon and Arkansas, and plans more yard rationalizations […]
OMAHA, Neb. — Union Pacific reported record first-quarter operating income on Thursday despite the impact of severe winter weather and historic flooding that crippled key routes and resulted in volume declines. “I am extremely proud of the men and women of Union Pacific and applaud their heroic efforts to safely restore our rail network,” CEO […]
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. […]
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. EXCERPT TRANSCRIPT: Dave Seidel, […]
