Railroad News

R. J. Corman makes sale of RWT to RailPros

R. J. Corman Railroad Group, LLC, announced Jan. 19 that it has completed the sale of Roadway Worker Training (RWT) to RailPros.

 

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Rail supplier news from Bourque Logistics, ABB, Auto Truck and MUL Railcars (Jan. 19)

Rail News Home Railroading Supplier Spotlight 1/19/2018 Rail News: Railroading Supplier Spotlight
imageBourque Logistics has unveiled the RAILChain™ platform to explore the application of blockchain technology for its rail shipper clients. Using digitized shipping file formats called "rblocks," the platform is designed to enable shippers to securely exchange bill of lading information, as well as settle freight, repair and lease costs using smart contract technology, Bourque officials said in a press release. RAILChain initially will be developed using the Ethereum platform with a design to interchange with other platforms as blockchain technology evolves.ABB received a $16 million order from Swiss Federal Railways (SBB) to supply two static frequency converters to improve power supply in the Geneva area. The converters will support the expansion of the rail network in the region, ABB officials said in a press release. SBB has kicked off several development programs in the Geneva area, including an investment aimed at doubling the seat capacity on the route between Lausanne and Geneva, along with the introduction of new cross-border commuter trains in western Switzerland.Auto Truck Group has acquired the assets of Kargo Master. The acquisition is expected to continue Auto Truck's strategy of increasing manufacturing capabilities for the van segment, company officials said in a press release. Kargo Master will operate as a wholly owned subsidiary of Auto Truck and continue to market products to independent distributors in the truck equipment, truck accessory and specialty markets through existing channels. Financial terms were not disclosed.Mitsubishi UFJ Lease & Finance Co. Ltd. recently announced executive appointments at MUL Railcars Inc. (MULR). Kent Boskovich has been named chief commercial officer, while Andy Vestergaard was appointed chief investment officer. Boskovich joins the company after serving as president of Union Leasing Inc. for the past 10 years, while Vestergaard comes to MULR after two decades at GATX Corp. Meanwhile, Mark Mason was appointed senior vice president of sales at MULR, and Terry Ikeda, executive vice president. Mason spent the past seven years managing Hempel's rail coatings business. For his part, Ikeda has more than eight years of experience at Mitsubishi UFJ, according to a company press release.

Contact Progressive Railroading editorial staff.

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WMATA taps Howell as assistant inspector general

Rail News Home Railroading People 1/19/2018 Rail News: Railroading People
image Kimberly HowellPhoto – WMATA

The Washington Metropolitan Area Transit Authority (WMATA) has appointed Kimberly Howell assistant inspector general for investigations.

The job involves overseeing the department's internal investigations into potential criminal fraud, waste and abuse, WMATA officials said today in a press release.

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Texas Central unveils bullet train station details

Developers of the Texas bullet train project have unveiled details of a proposed rail station in Grimes County, Texas.

The station, which would be the only midway stop on the Houston-to-Dallas high-speed rail line, will be built on 60 acres in the Roans Prairie area of the county, located along Highway 30 and west of Highway 90, Texas Central Railway officials announced yesterday in a press release.

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ASLRRA, APTA, REMSA call for public infrastructure investments

Railroad associations unveiled their 2018 legislative wish lists, including ideas for President Donald Trump's highly anticipated infrastructure package.

At a U.S. Chamber of Commerce-hosted infrastructure summit yesterday, the American Short Line and Regional Railroad Association (ASLRRA) called for any infrastructure package to include a permanent extension of the so-called 45G tax credit, which provides a tax credit to short lines that invest in their rail infrastructure.

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Darr outlines ASLRRA priorities

American Short Line and Regional Railroad Association (ASLRRA) President Linda Bauer Darr outlined three critical priorities for members Jan. 18 in any considered infrastructure funding package at the U.S. Chamber of Commerce's "America's Infrastructure Summit: Time to Modernize."

 

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BART's 'Fleet of the Future' cars cleared for service

The first train is slated to enter service as early as today.Photo – Bay Area Rapid Transit

The California Public Utilities Commission earlier this week approved Bay Area Rapid Transit's (BART) "Fleet of the Future" rail cars to enter service.

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NRC honors 2017 award recipients

 

The Kansas City Southern (KCS) Mossville Yard Expansion Project in Westlake, La., by Ragnar Benson, LLC, received the 2017 award for Large Project of the Year.

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Carload Express buys Delaware industrial plant

Rail News Home Short Lines & Regionals 1/19/2018 Rail News: Short Lines & Regionals
image The company aims to use the property as a rail/truck transload terminal.Photo – carloadexpress.com

Carload Express Inc. has purchased a BASF polymer plant in Seaford, Delaware.

Due to its close proximity to a main north-south rail line, the 37,000-square-foot building was an "ideal match" for Carload Express, according to a press release issued by SVN-Miller Commercial Real Estate, which advised the sale.

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KCS logs record revenue on volume growth in 2017

Kansas City Southern today reported record fourth-quarter 2017 revenue of $660 million, up 10 percent from the same period a year ago due to a 5 percent increase in volume.

KCS reported Q4 2017 operating income rose 13 percent to $238 million compared with Q4 2016, KCS officials said in a press release.

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KCS logs record revenue on volume growth in 2017

Kansas City Southern today reported record fourth-quarter 2017 revenue of $660 million, up 10 percent from the same period a year ago due to a 5 percent increase in volume.

KCS reported Q4 2017 operating income rose 13 percent to $238 million compared with Q4 2016, KCS officials said in a press release.

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Canadian Pacific posts record Q4, full-year 2017 results

Canadian Pacific Railway Ltd. yesterday announced record fourth-quarter and full-year results for 2017.

Fourth-quarter diluted earnings per share (EPS) soared 159 percent to CA$6.77 from $2.61 a year ago. The 2017 results includes an income tax recovery of $527 million, primarily as a result of U.S. tax reform net of Canadian provincial tax rate increases. Adjusted diluted EPS rose 6 percent to a new quarterly record of $3.22 from $3.04.

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Canadian Pacific posts record Q4, full-year 2017 results

Canadian Pacific Railway Ltd. yesterday announced record fourth-quarter and full-year results for 2017.

Fourth-quarter diluted earnings per share (EPS) soared 159 percent to CA$6.77 from $2.61 a year ago. The 2017 results includes an income tax recovery of $527 million, primarily as a result of U.S. tax reform net of Canadian provincial tax rate increases. Adjusted diluted EPS rose 6 percent to a new quarterly record of $3.22 from $3.04.

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Locomotive manufacturers focus on modernization work as demand for units dwindles

For Progress Rail, 2017 was a “robust year” for remanufacturing and modernization work, company officials said.Photo – Progress Rail

By Daniel Niepow, Associate Editor

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CP’s planned 2018 capital program sees bump over 2017

Canadian Pacific Railway will target a capital program between CA$1.35 billion (US$1.08 billion) and CA$1.5 billion (US$1.2 billion) in 2018.

At the low end, the capital plan reflects an eight percent increase over 2017's targeted CA$1.25 billion (US$955 million) capital plan, while at the high end, it could represent a 20% increase over 2017 numbers.

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TriMet eyes Kelsey for general manager job

The Tri-County Metropolitan Transportation District of Oregon's (TriMet) board has chosen Doug Kelsey as the single finalist for the agency's next general manager.

The board will interview Kelsey on Jan. 24. After considering public comments, the board will convene a special meeting on Jan. 31 to authorize its chair to negotiate a contract with Kelsey or to continue the search.

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St. Louis leaders release details about proposed light-rail extension

St. Louis city leaders this week unveiled potential routes and other details of a proposed Northside-Southside light-rail line.

At community meetings, officials shared maps, ridership figures and budget options for the proposed route, according to the Northside-Southside Twitter account.

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CSX’s $1.6B 2018 capital plan reflects 22% decrease over 2017

CSX plans a 2018 capital program of $1.6 billion as it continues to strive toward greater capital efficiencies as part of its implementation of precision scheduled railroading.

 

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U.S. Chamber: Increase gas tax to pay for infrastructure

The U.S. Chamber of Commerce this week proposed increasing the federal gas tax by 25 cents per gallon to help pay for critical infrastructure projects.

The proposed increase was among a series of principles the business lobby is offering in a bid to help shape the debate about upgrading U.S. roads, bridges, airports and other significant infrastructure projects, U.S. Chamber officials said in a press release.

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Infrastructure bill; preventing re-regulation top REMSA 2018 advocacy priorities

 

REMSA intends to focus on working with its members and associated railroad and rail supply associations to put forth a pro-rail agenda in Congress.

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