Latest Rail Industry News
Intermodal was a star performer for the major U.S. railroads in the week ended Oct. 10.
Amtrak is using $25 million in funding from the American Recovery and Reinvestment Act to replace transformers and other electrical equipment at 40 substations that support the electrified trackage between New York and Washington, D.C.
Jay H. Walder began work recently as chairman and chief executive officer of the Metropolitan Transportation Authority (MTA), meeting with employees and stressing the need for the MTA to deliver on its commitments, show taxpayers good value and improve engagement with the communities it serves.
Amtrak's ridership figures took a hit during Fiscal Year 2009, as a nearly 9% drop in its Northeast Corridor services dampened respectable performance elsewhere and led to a retreat from FY 2008's record-setting 28.7 million passengers carried.
Shares of RailAmerica began trading Tuesday on the
Pittsburgh Pins, Inc. has received its formal certification as a woman-owned business from the Women's Business Enterprise National Council (WBENC).
Unit Rail has acquired Advanced Track Products (ATP), a leading provider of fasteners in the rail transit market. Terms were not disclosed.
Siemens has won an order to provide the San Diego Metropolitan Transit System (MTS) with 57 new, low-floor light rail vehicles over a two-year period. The contract is valued at $205.2 million.
Railroad services provider Wabtec Corp. has purchased Unifin International in a $93 million deal. Unifin had been owned by Koch Chemical Technology Group LLC.