Government, Business, Technology, Safety

Special Freight Railcars Could Travel at High Speeds, Federal Researchers Show

Railroad Getty Images

For at least the past decade, America’s railroads have been toying with the notion of freight trains moving at speeds approaching some passenger bullet trains.

Eric Miller | Senior Reporter
April 21, 2020
Government, Business

Canadian Pacific Acquires Central Maine & Quebec Railway

Canadian Pacific Canadian Pacific train. (Don MacKinnon/Bloomberg News)

Canadian Pacific closed its acquisition of the Central Maine & Quebec Railway, the Alberta-based rail company said in a Dec. 30 news release.

January 6, 2020
Government, Business, Technology, Logistics, TCA

Tunnel Planned for California Bullet Train Under Burbank Airport

A view of the Burbank airport A view of the Burbank airport. It sits in Southern California path of bullet train proposed by the California High-Speed Rail Authority. (Jorge Villalba/Getty Images)

The complexity of building a bullet train through Southern California’s urban maze is leading state officials to consider two major additions: a tunnel under the Burbank airport and a project that would help a freight railroad expand its switching yards in the Inland Empire.

Ralph Vartabedian | Los Angeles Times
December 3, 2019
Government, Business, Technology, TCA

Rail Advocates Push for Pacific Northwest Bullet Train

Washington Gov. Jay Inslee Washington Gov. Jay Inslee is one of the prominent voices lending support for a high-speed rail.

Last week’s vote in Washington state to roll back car registration fees has scrambled transportation budgets. But Pacific Northwest rail advocates are undeterred in pursuing their vision of a bullet train connection among Portland, Seattle and Vancouver, Canada.

Tom Banse | The (Eugene, Ore.) Register-Guard
November 13, 2019
Business, Logistics

American Railroads Are Already in Recession With No End in Sight

Railroads are in a recession. Getty Images

This year’s railroad slump is getting worse as a slowdown in manufacturing threatens broader weakness in the U.S. economy.

Thomas Black | Bloomberg News
October 7, 2019
Government, Business, Logistics

NYC-Area Rail Bridge Planners Take Another Shot at Federal Funds

Railroad tracks Emile Wamsteker/Bloomberg News

New Jersey and New York officials will submit a revised financial plan for the $1.6 billion replacement of a decrepit bridge that’s key to rail traffic in the U.S. Northeast, the latest attempt to secure funding from a recalcitrant administration.

Elise Young | Bloomberg News
August 28, 2019
Business, Logistics

Brookfield Buys Rail Operator Genesee for $8.4 Billion

Luke Sharrett/Bloomberg News

An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.

Ma Jie and Thomas Black | Bloomberg News
July 1, 2019
Business, Equipment, TCA

Wabtec Names Rafael Santana CEO Effective July 1

Rafael Santana Santana via GETransportation.com

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, 2019
Government, Business, Technology, Logistics

White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project

rail 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.

Ryan Beene | Bloomberg News
February 20, 2019

R.J. Corman Railroad Acquires Six Rail Companies

R.J. Corman 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