MIAMI — Virgin Trains USA found strong demand for the bonds to finance it expansion, selling $1.75 billion in private activity bonds this week. Trade publication The Bond Buyer reported that the offering may have received up to $4 billion in orders for the bonds. It quoted Brian Wynne, head of public finance at Morgan […]
Association of American Railroads WASHINGTON — The Association of American Railroads today reported U.S. rail traffic for the week ending March 30, as well as volumes for March 2019. U.S. railroads originated 957,144 carloads in March 2019, down 8.9 percent, or 93,616 carloads, from March 2018. U.S. railroads also originated 1,065,790 containers and trailers in […]
WASHINGTON — Amtrak’s 2020 budget request includes a proposal to restore service between Detroit and Toronto, although it makes no estimate of the funding necessary to start the service. Curbed Detroit noted the line item, part of a table of “Funding Needs Above the Authorized Level,” which the report says “represents many of Amtrak’s priorities, […]
WASHINGTON — Amtrak spent at least $23.2 million on unnecessary leases of office space, and could have made at least $6.8 million in additional revenue through better management of its property, according to a report from the Amtrak Office of the Inspector General. The report found Amtrak needed better data on its office space, citing […]
An MBTA commuter train crosses one of two drawbridges over the Charles River as it leaves North Station. The Massachusetts Department of Transportation is developing plans for expansion of Boston-area commuter service as it might look by the year 2040. Scott A. Hartley BOSTON — To see what commuter rail in Boston might look like […]
INDIANAPOLIS — Noted Indiana railroad historian and university professor Dr. Francis Parker, 80, died March 27 in Muncie, Ind. He authored or co-authored two books on Indiana railroads: “Railroads of Indiana” (with Richard Simons) and “Indiana Railroad Depots: A Threatened Heritage.” He came to Muncie in 1976 as one of four founding professors for Ball […]
Wal-Mart is testing a direct intermodal relationship with U.S. railroads and now rosters a fleet of purpose-built 53-foot containers. Wal-Mart BENTONVILLE, Ark. — Walmart is expanding its use of rail intermodal and doing it with new custom containers. Walmart launched a new rail strategy in 2018 when, with its own specially-designed containers, the big retailer […]
DENVER — The first project director of Colorado’s Southwest Chief and Front Range Passenger Rail Commission is ready to help move forward plans to link Denver by rail to cities north and south. Randy Grauberger, a 28-year veteran of the Colorado Department of Transportation, joins the rail commission after a stint with WSP Parsons Brinckerhoff. […]
Black Hills Central No. 108 comes together in July 2018. Trains: Jim Wrinn No. 108 in service at Weyerhaeuser in Washington state. Martin E. Hansen collection HILL CITY, S.D. — While American steam fans have focused their attention on the amazing restorations of 2-4-4-2 Skookum, 2-6-6-2 No. 1309, and Union Pacific Big Boy 4-8-8-4 No. […]
President Donald Trump The White House WASHINGTON — President Donald Trump’s threat to close the border with Mexico this week would quickly have an impact on railroads and wreak economic havoc on both sides of the Rio Grande. Cross-border traffic represents about 11 percent of Union Pacific’s total volume and nearly 30 percent of volume […]
CN CEO Jean-Jacques Ruest Canadian National MONTREAL — Canadian National CEO Jean-Jacques Ruest made sweeping changes to the railway’s management team last month with an eye toward broadening their experience and forging tighter links between operations and the technology and marketing teams. The changes, which went into effect on Monday, were announced in an internal […]
Passengers await the arrival of a Denver A Line train at the 40th Avenue-Airport Boulevard station in October 2018. Denver will open its second commuter rail line, the G Line, later this month. TRAINS: David Lassen DENVER — Denver RTD’s long-delayed G Line commuter rail operation is scheduled to open April 26, more than two years […]
