Railroad News

An assessment released by the Association of American Railroads (AAR) found that the impact of trade on the freight railroad industry is responsible for at least 42 percent of rail carloads and intermodal units, and more than 35 percent of annual rail revenue, are directly associated with international trade.

Approximately 50,000 domestic rail jobs, accounting for more than $5.5 billion in annual wages and benefits, depend directly on international trade, the analysis of 2014 data also found. If rail traffic indirectly associated with trade was included, the figures would be notably higher.

The American Public Transportation Association called on the Trump Administration to fully fund the FAST Act for fiscal 2017 and 2018 and public transit must be part of the administration's proposed $1 trillion infrastructure investment.

"The American economy and communities of all sizes would be losers if the proposed reductions in the FTA Capital Investment Grants, the TIGER [grant] program, and Amtrak are enacted," said APTA Acting President and Chief Executive Richard A. White. "As it stands now, America is already underinvesting in public transportation, as noted in the recently released American Society of Civil Engineers infrastructure report card. These proposed cuts would make the existing $90 billion of state of good repair gap even worse."

FOR IMMEDIATE RELEASE

NEW REPORT CONFIRMS FREIGHT RAILROADS ARE DEEPLY CONNECTED TO INTERNATIONAL TRADE

AAR Research Finds Trade Directly Supports At Least 50,000 U.S. Rail Jobs, 35 Percent of Rail Revenues and 42 Percent of Carloads and Intermodal Units

WASHINGTON D.C. – March 29, 2017 – The Association of American Railroads (AAR) today released an assessment of trade's impact on the freight railroad industry, finding that at least 42 percent of rail carloads and intermodal units, and more than 35 percent of annual rail revenue, are directly associated with international trade.

3/28/2017    

Rail News: Supplier Spotlight

3/28/2017    

Rail News: MOW

3/28/2017    

Rail News: Passenger Rail

3/28/2017    

Rail News: Federal Legislation & Regulation

3/28/2017    

Rail News: Passenger Rail

FERROMEX owner Grupo México confirmed in a statement to the Mexican stock exchange on March 27 that it has reached an agreement to acquire a 100% stake in Florida East Coast Railway Holding Corporation (FEC).

The cash transaction, which is subject to approval by authorities in the United States, has an estimated value of around $US 2 billion, including debt.

Canadian National (CN) and Duluth Cargo Connect announced a new alliance establishing the first rail-served intermodal container ramp in the Twin Ports of Duluth, Minn. and Superior, Wis.

3/28/2017    

Rail News: Financials

3/28/2017    

Rail News: Canadian National Railway - CN

3/28/2017    

Rail News: Canadian National Railway - CN

3/28/2017    

Rail News: Short Lines & Regionals

3/27/2017    

Rail News: Amtrak

3/27/2017    

Rail News: Rail Industry Trends

3/27/2017    

Rail News: Passenger Rail

Two temporary bridges will be installed in downtown Middlebury, Vt., to support a rail tunnel project.

Inspections performed on the existing bridges at Main Street/VT 30 and Merchants Row shown they are safe for travel, but evidence of accelerated deterioration prompted the Vermont Agency of Transportation (VTrans) to seek approval of the temporary bridges as a precautionary measure. Transportation Secretary Joe Flynn approved the emergency order authorizing the VTrans to install the temporary bridges in advance of a long-planned tunnel project.

3/27/2017    

Rail News: Federal Legislation & Regulation