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Jan
22

UP again recognized as 'most admired' company

Rail News Home Union Pacific Railroad 1/22/2018 Rail News: Union Pacific Railroad
Union Pacific Corp. has been named Fortune magazine's most admired company for the eighth consecutive year.The recognition also marks the 15th time in 19 years the company has been named No. 1 among trucking, transportation and logistics leaders, according to a UP press release.UP ranked first in eight of the magazine's performance categories: innovation; people management; use of corporate assets; social responsibility; quality of management; financial soundness; long-term investment; and quality of products and services."Union Pacific's top ranking by Fortune highlights our employees' commitment to deliver value to our customers, shareholders and communities," said UP Chairman, President and Chief Executive Officer Lance Fritz. "Our engaged team's focus on finding new, innovative ways to operate a safe and efficient railroad will help us continue serving these key stakeholders with excellence."Fortune's research partner, the Hay Group, surveyed 3,800 senior executives, directors and analysts to select companies they admired most from a list that started with 1,500 companies. The magazine's annual World's Most Admired list is published in the February issue.

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Jan
22

R. J. Corman sells Roadway Worker Training to RailPros

R. J. Corman Railroad Group LLC has completed the sale of Roadway Worker Training (RWT) to RailPros, a privately held consulting firm specializing in rail engineering design and management.

The sale is part of Corman's effort to accelerate growth by reinvesting and refocusing on its core competencies, according to a company press release.

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Jan
22

WMATA unveils $3.2 billion budget for FY2019

The Washington Metropolitan Area Transit Authority (WMATA) late last week proposed a $3.2 billion budget for fiscal-year 2019, which starts July 1.

Although the proposal doesn't include fare hikes or service cuts, WMATA is seeking additional funding from Maryland, Virginia and Washington, D.C., to balance the budget, agency officials said in a press release.

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Jan
22

Maryland's Purple Line rail route on track to open in 2022

Rail News Home Passenger Rail 1/22/2018 Rail News: Passenger Rail
State officials expect to have a better grasp of the project's actual timeline in a couple months.Photo – Purple Line's website

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Jan
22

Brightline steps up safety initiatives in response to rail-crossing deaths

Brightline executives are expanding safety outreach efforts following recent deaths on the private passenger railroad's new route in South Florida.

Two deaths occurred after Brightline trains struck individuals on the railroad's route during the service's first week of operation. Some political leaders have since called for federal transportation officials to investigate the deaths and Brightline's safety efforts.

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Jan
22

Product update: Friction modifiers and rail lubrication systems

Loram Maintenance of Way Inc. enhanced and expanded its friction management product line for 2018Photo – Loram Maintenance of Way Inc.

Loram Maintenance of Way Inc.

Railroads have individual needs that cannot be met by a traditional “one-size-fits-all” solution, as Loram Maintenance of Way Inc. officials put it in an email. Accordingly, Loram has expanded its friction management product line for 2018. The company made improvements to its top-of-rail (TOR) and Gauge Face (GF) wayside systems.

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Jan
19

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
Bourque 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.

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Jan
19

WMATA taps Howell as assistant inspector general

Rail News Home Railroading People 1/19/2018 Rail News: Railroading People
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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Jan
19

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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Jan
19

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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Jan
19

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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Jan
19

Carload Express buys Delaware industrial plant

Rail News Home Short Lines & Regionals 1/19/2018 Rail News: Short Lines & Regionals
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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Jan
19

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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Jan
19

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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Jan
19

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 This email address is being protected from spambots. You need JavaScript enabled to view it., Associate Editor

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Jan
18

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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Jan
18

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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Jan
18

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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Jan
18

S.C. Ports Authority set TEU record in 2017

Rail News Home Intermodal 1/18/2018 Rail News: Intermodal
The South Carolina Ports Authority (SCPA) logged a 9 percent increase in container volume in 2017 with a record-setting 2.2 million 20-foot equivalent container units (TEUs).The port's total container volume in 2017 surpassed the previous record of 2 million TEUs set in 2016. Last month, the port moved 182,884 TEUs, up 11.2 percent over December 2016 and the highest December in SCPA's history, authority officials said in a press release."Global container trade growth was the strongest it has been since 2010, mirroring surprising strength in the global economy," said SCPA President and Chief Executive Officer Jim Newsome. "We expect to see continued strength, albeit slightly more modest, into 2018 with growth in the emerging market economies as a key factor in sustaining this positive outlook."Also last year, the authority marked progress on several key projects:
• Construction of the Leatherman Terminal continued, representing major growth capacity for the Port's container business when Phase One opens in 2020.
• Groundbreaking was celebrated at Inland Port Dillon, which will open in April, and a new headquarters building, scheduled to open in December;
• The Wando Terminal Wharf strengthening project advanced and is slated for completion in spring with the delivery of two new 155-foot ship-to-shore cranes; and
• The project to deepen the Charleston Harbor to 52 feet reached several milestones in 2017, having been named one of six "new starts" and receiving $17.5 million in construction funding in the U.S. Army Corps of Engineers Fiscal-Year 2017 Work Plan.

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Jan
18

Congressmen press Amtrak for PTC status update

U.S. Reps. Peter DeFazio (D-Ore.) and Michael Capuano (D-Mass.) have asked Amtrak President and Chief Executive Officer Richard Anderson for a detailed update on the railroad's safety culture and implementation of positive train control (PTC).

In a letter sent yesterday, the congressmen said they want to know what safety culture weaknesses Amtrak has identified in its organization and the specific steps it is taking to resolve them immediately. The letter was copied to labor unions that represent Amtrak employees.

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