NEW YORK — Work is resuming this week on the Hudson Tunnel project, the Gateway Development Commission said today (Feb. 24), with nearly 1,000 jobs being restored following layoffs that occurred when the project was shut down on Feb. 6. The resumption of work is being funded through approximately $235 million the commission received from […]
DENVER — The Front Range Passenger Rail District has scheduled the first in a series of town hall meetings to hear from residents as part of the ongoing planning for proposed service between Fort Collins and Pueblo, Colo. The first meeting is Thursday, Feb. 26, in Colorado Springs, followed by meetings in Pueblo on March […]
WINNEPEG, Manitoba — Cando Rail & Terminals has signed an agreement to acquire the rail operations of Salt Lake City-based Savage Enterprises in a deal that will create North America’s largest operator of first- and last-mile rail infrastructure, the companies said today. Savage Rail has operations in key markets across the U.S., including along the […]
MIAMI BEACH, Fla. — CSX CEO Steve Angel says it should be no surprise that railroads are struggling to grow their freight volumes. “When you look around the world, there really isn’t much growth,” Angel told an investor conference last week in his first detailed public remarks outside of earnings calls since becoming CEO in […]
CHICAGO — GATX expects 98% to 99% utilization of its newly expanded railcar leasing fleet in North America by the end of 2026, with North America profits projected to jump by $55 million to $65 million to about $415 million, the company said on its quarterly earnings call last week. The Feb. 13 investor call […]
FORT WORTH, Texas — BNSF Railway has reached a tentative five-year agreement with members of the Transportation Communications Union Intermodal group, the railroad announced on Friday, Feb. 20. “This new tentative agreement reflects the vital role our TCU intermodal team members play in our operation,” BNSF CEO Katie Farmer said in a press release. “Open, […]
WASHINGTON — Federal Railroad Administration officials have briefed the Rail Passengers Association on a plan that would recast Amtrak as a holding company that would oversee separate entities responsible for operations, equipment management and leasing, and infrastructure and construction. According to a statement on the RPA website, there are only cursory details of how the […]
COLMA, Calif. — California Gov. Gavin Newsom has signed legislation providing a $590 million loan to transit agencies in the San Francisco Bay Area, avoiding service cuts until a ballot initiative can go to voters. The money provided under AB 117 will go to the Metropolitan Transportation Commission, the agency coordinating transit funding and planning […]
WASHINGTON — Marc Molinaro, head of the Federal Transit Administration, has resigned his position as of today (Friday, Feb. 20), reportedly to run for the New York State Assembly. Molinaro said in a social media post last week that he was “coming home to be closer to my family and get back into the fight.” […]
MIAMI — Canadian Pacific Kansas City CEO Keith Creel says the Surface Transportation Board’s rejection of the initial Union Pacific-Norfolk Southern merger application shows the $85 billion transaction is not a done deal. “I’m not drinking the merger Kool-Aid that this thing’s going to get approved. It may or it may not,” Creel told an […]
AUSTIN, Texas — The Austin agency overseeing the city’s planned light rail network has selected the construction contractor for the project. The selection of Austin Rail Constructors, a joint venture of firms Stacy Witbeck and Sundt Construction, was approved on Wednesday (Feb. 18) by the board of the Austin Transit Partnership, the local government corporation […]
TORONTO — Hitachi Rail will open a new Canadian headquarters in Toronto, the company announced today. The 125,000-square-foot headquarters will span 5.5 floors at Consilium Place, a three-building complex in Toronto’s Scarborough district, and is due to open this summer. It will host the company’s Global CBTC Competence Centre, which provides engineering and technical expertise […]
