Exactly two months after Westinghouse Air Brake Technologies purchased GE Transportation, Wabtec on April 25 announced that CEO Ray Betler will retire and that Rafael Santana, previously the CEO of GE Transportation, will step into that role as of July 1.
April 25, 2019railroad
Business, Equipment, TCA
Santana via GETransportation.com
Wabtec Names Rafael Santana CEO Effective July 1
Santana via GETransportation.com
Government, Business, Technology, Logistics
Gavin Newsom, Democratic candidate for governor of California, speaks to attendees during the Global Climate Action Summit in San Francisco, Calif. (David Paul Morris/Bloomberg News)
White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project
Gavin Newsom, Democratic candidate for governor of California, speaks to attendees during the Global Climate Action Summit in San Francisco, Calif. (David Paul Morris/Bloomberg News)
The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns.
February 20, 2019
Business
R.J. Corman Railroad Co.
R.J. Corman Railroad Acquires Six Rail Companies
R.J. Corman Railroad Co.
R.J. Corman Railroad Co. has acquired six rail companies, according to a Nov. 5 press release.
November 20, 2018
Business
TP&L Starts $4.1 Million Rail Project
Transportation Partners and Logistics has begun a $4.1 million rail construction project in Pensacola, Fla., according to an October press release.
November 5, 2018
Business, Technology, Top 50
(Source: Transport Topics from company reports)
Rail Profits Rise, But Intermodal Growth Not Certain
(Source: Transport Topics from company reports)
As motor carriers enjoy the fruits of the tight freight environment, railroads are continuing their push to boost earnings while they adjust to a market that increasingly is shifting toward intermodal.
September 17, 2018
Business
United Rail Purchases U S Rail Holdings for $4.5 Million
Short-line freight railroad U S Rail Holdings is being acquired by United Rail Inc. for $4.5 million. U S Rail Holdings, based in Toledo, Ohio, leases and operates about 72 miles of rail lines in the Kokomo, Ind., area providing transloading, private industrial railcar switching, track maintenance services, railcar repair and railcar storage.
August 27, 2018
Government, Business, Equipment
Aaron B. Hockley/Flickr
Railroads Would Save $17 Million With Construction Equipment Exemption
Aaron B. Hockley/Flickr
Several types of railroad construction and maintenance equipment would be exempted from OSHA’s construction crane rule if details of a proposal released July 18 take effect.
July 18, 2018
Government, Business, Logistics, TCA
Getty Images
Minnesota Freight Railroad Files Lawsuit Over Light-Rail Project
Getty Images
Planners of the Southwest light-rail project in Minnesota are facing another legal challenge, this time from a freight rail company that is slated to share a portion of the nearly 15-mile route between Minneapolis and Eden Prairie.
April 26, 2018
Business, Logistics
Jerry Huddleston/Flickr
Canada Oil Recovery Faces Threat From Potential Rail Strike
Jerry Huddleston/Flickr
A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices.
April 18, 2018
Government, Business
Batory, his wife, Barbara Batory, and Sec. Chao (Department of Transportation)
Ronald Batory Sworn In as FRA Chief
Batory, his wife, Barbara Batory, and Sec. Chao (Department of Transportation)
Two weeks after Ray Martinez was confirmed to lead the Federal Motor Carrier Safety Administration, Ronald Batory was sworn in as Federal Railroad Administration chief.
March 2, 2018Pages
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