3/30/2017
Rail News: Financials
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3/30/2017
Rail News: Financials
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U.S. Secretary of Transportation Elaine Chao says the administration's forthcoming infrastructure proposal will cover more than infrastructure and reiterated the belief that regulatory red tape, not funding, is responsible for holding up projects.
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The Government of Québec has committed CA$1.28 billion (US$96 million), which represents 24.5 percent total equity, to the Réseau électrique métropolitain (REM) project.
CDPQ Infra, a wholly-owned subsidiary of Caisse de dépôt et placement du Québec, is proposing to construct the 67-km (41.6-mile) REM automated light-rail network to link downtown Montréal, the South Shore, the West Island (Sainte-Anne-de-Bellevue), the North Shore (Laval and Deux-Montagnes) and the airport.
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3/30/2017
Rail News: Rail Industry Trends
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Southeastern Pennsylvania Transportation Authority (SEPTA) will advance initiatives to renew critical infrastructure, replace aging portions of its fleet, expand capacity for growing ridership and make technology improvements under its proposed Fiscal Year 2018 Capital Budget.
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Georgetown Rail Equipment Company (GREX) has appointed David Friss to the position of director of process improvement. In this role, Friss is responsible for the streamlining of processes as GREX continues to develop the rail industry's most innovative technologies.
In this new role, Friss will partner with department leaders to identify process improvement opportunities to align with the growth vision for GREX. The role reports to Greg Grissom, chief operating officer, with the purpose of leading the continuous improvement culture that both aligns to the company's core values and positions the company for continued growth. Friss joined GREX on March 20, 2017 in the company's Georgetown, Texas, headquarters.
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3/29/2017
Rail News: Rail Industry Trends
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3/29/2017
Rail News: Passenger Rail
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3/29/2017
Rail News: Passenger Rail
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3/29/2017
Rail News: Passenger Rail
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3/29/2017
Rail News: High-Speed Rail
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3/29/2017
Rail News: People
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The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending March 25, 2017.
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3/29/2017
Rail News: CSX Transportation
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3/29/2017
Rail News: CSX Transportation
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Bruce McCuaig is stepping down as president and CEO of Metrolinx to accept a new federal role in the Privy Council Office as executive adviser (Infrastructure Bank) effective April 24, 2017 to support the launch of the Canada Infrastructure Bank.
"Bruce's decision is a big loss for Metrolinx but an equally big win for Canada's ambitions to finance and build infrastructure nationally for the 21st century. Bruce came to Metrolinx after 26 years in the Ontario public service that culminated in his three years as Deputy Minister of Transportation" said Chairman of the Metrolinx Board of Directors J. Robert S. Prichard. "When he arrived at Metrolinx in 2010, he took the helm of an organization in its early days with a mandate to build a fully integrated organization able to deliver on our mission to champion, develop and implement an integrated transportation plan for the Greater Toronto and Hamilton Area."
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Ontario is partnering with Toronto Hydro to build a battery energy storage system for the Eglinton Crosstown light rail transit (LRT) line, which will increase the reliability of the line, lower operating costs and reduce emissions.
The power system, which is equivalent to a large battery, will be capable of providing backup and emergency power to the LRT line for up to four hours in the event of a wide-spread power outage, and replaces previous plans for a natural gas facility.
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3/29/2017
Rail News: Federal Legislation & Regulation
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