Railroad News

MTA calls for more funding following NYC subway performance improvement

New York City subway performance has improved since the launch of the Metropolitan Transportation Authority’s (MTA) Subway Action Plan in 2017, agency officials announced today. 

The subway logged its best on-time performance and the fewest number of delays in four years, they said in a press release.

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BNSF slates $175 million for capex projects in Washington

Rail News Home BNSF Railway 2/25/2019 Rail News: BNSF Railway
imageBNSF Railway Co. has budgeted $175 million in capital expenditures this year for infrastructure work in the state of Washington, the Class I announced late last week.Much of BNSF's 2019 capital plan in the state will focus on replacing and upgrading rail, ties and ballast, company officials said in a press release.Over the past five years, the Class I has spent about $1 billion to expand and maintain its network in Washington. This year, the maintenance program in the state includes 820 miles of track surfacing and/or undercutting work, as well as the replacement of 50 miles of rail and 130,000 ties.In addition to maintenance projects, the railroad plans to install 2 miles of new double-track along the Fallbridge Subdivision near Wishram."Whether it's moving agricultural products to West Coast ports for exports or lumber from the Pacific Northwest to support construction domestically, Washington is an integral part of the BNSF rail network," said Jon Gabriel, general manager of operations, Northwest Division. The Washington projects are part of BNSF's $3.57 billion capital expenditure program for this year.

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BNSF slates $175 million for capex projects in Washington

Rail News Home BNSF Railway 2/25/2019 Rail News: BNSF Railway
imageBNSF Railway Co. has budgeted $175 million in capital expenditures this year for infrastructure work in the state of Washington, the Class I announced late last week.Much of BNSF's 2019 capital plan in the state will focus on replacing and upgrading rail, ties and ballast, company officials said in a press release.Over the past five years, the Class I has spent about $1 billion to expand and maintain its network in Washington. This year, the maintenance program in the state includes 820 miles of track surfacing and/or undercutting work, as well as the replacement of 50 miles of rail and 130,000 ties.In addition to maintenance projects, the railroad plans to install 2 miles of new double-track along the Fallbridge Subdivision near Wishram."Whether it's moving agricultural products to West Coast ports for exports or lumber from the Pacific Northwest to support construction domestically, Washington is an integral part of the BNSF rail network," said Jon Gabriel, general manager of operations, Northwest Division. The Washington projects are part of BNSF's $3.57 billion capital expenditure program for this year.

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United Rail acquires New England Southern Railroad

Rail News Home Short Lines & Regionals 2/25/2019 Rail News: Short Lines & Regionals
image NES leases and operates 22 miles of rail line in the Concord area.Photo – newenglandsouthernrailroad.com

United Rail Inc. has acquired the New England Southern Railroad (NES) in Concord, New Hampshire.

United Rail, a short line consolidator and owner of the SmartRail brand for electronic precision railroading and brand licensor, announced the acquisition today.

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Secure Rail adds Dierkx to conference speaker lineup

Rail News Home Security 2/25/2019 Rail News: Security
imageSecure Rail has added a speaker to this year's conference agenda: Keith Dierkx of the IBM Industry Academy.Dierkx is IBM's global industry leader in freight, logistics and rail. He works with major railroads on the transformation of the industry including infrastructure rationalization and transformation; the use of analytics and insight to deliver more effective and efficient services; and safety and security.His topic at Secure Rail will be "Securing the OT Environment," which he will address on May 1. The conference runs May 1-2 at the Hyatt Regency Orlando, in Orlando, Florida. Entering its fifth year, the annual event for rail security professionals has been expanded to include a greater emphasis on the topics of risk, legal issues, future trends and regulatory updates, conference planners said in a prepared statement.Presented by Progressive Railroading, Secure Rail's mission is to bridge the gap between the future of rail technology and rail security.To register for the conference, click on this link.

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NJ Transit, Amtrak wrap up early construction of Portal North Bridge replacement

Rail News Home Passenger Rail 2/25/2019 Rail News: Passenger Rail
image Portal North Bridge, a century-old moveable bridge, will be replaced with a modern span that is less prone to failure.Photo – Amtrak

New Jersey Transit (NJ Transit), in partnership with Amtrak, completed early construction work for the Portal North Bridge replacement program on time and on budget, the transit agency announced late last week in a press release.

The early construction project was funded through a $16 million Transportation Investment Generating Economic Recovery grant and a $4 million contribution from New Jersey’s Transportation Trust Fund.

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Wabtec, GE Transportation complete merger

Wabtec Corp. announced today it has completed its merger with GE Transportation, a former business unit of GE.

The merger combines Wabtec's range of freight, transit and electronics products with GE Transportation's equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries, Wabtec officials said in a press release.

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Rail supplier news from Wabtec, BBM Railway, Trinity, SightLogix, Alstom and Shimmick (Feb. 22)

Wabtec Corp. will replace Goodyear Tire & Rubber Co. in the S&P 500 and Goodyear will replace Wabtec in the S&P MidCap 400 prior to the open of stock trading on Feb. 27. General Electric Co. is spinning off its Transportation Systems Holdings Inc. to shareholders, then the holdings will be acquired by Wabtec in a transaction expected to be completed Feb. 26, pending final conditions. After the transaction, Wabtec will be more representative of the large-cap market and Goodyear, more representative of the mid-cap market, according to a press release. GE will remain in the S&P 500 and 100.

BBM Railway Equipment LLC has purchased Macton Corp.'s assets via a secured party auction. The purchase includes all intellectual property, including patents, copyrights and trademarks, as well as machinery, inventory and raw stock.

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Rocky Mountaineer named a top employer in British Columbia

Rocky Mountaineer has been named one of the best places to work in British Columbia’s "Top Employers" competition for a second consecutive time.

Rocky Mountaineer has a full-time workforce of more than 300 people located at the head office in Vancouver, the rail yard in Kamloops and globally in outside sales roles. This figure increases to more than 800 people during the train's operating season from April to October, with positions added onboard the trains and in Vancouver, Kamloops, Whistler, Quesnel and the Canadian Rockies at overnight destinations. 

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BNSF outlines capex plans for California, New Mexico and Texas

BNSF Railway Co. yesterday unveiled its 2019 capital expenditure plans for California, New Mexico and Texas.

In Texas, the Class I will spend $405 million for expansion work that will include a new double track to be constructed between the Alliance Intermodal Facility in Fort Worth and Cleburne, as well as two new sidings in the Madill Subdivision north of Dallas.

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Progressive Railroading's 2019 Finance & Leasing Guide: Investment Banks

Rail News Home Mechanical February 2019 Part 1 : Progressive Railroading's 2019 Finance & Leasing Guide: Banks Part 2 : Progressive Railroading's 2019 Finance & Leasing Guide: Equipment providers/Equipment Management Services Part 3 : Progressive Railroading's 2019 Finance & Leasing Guide: Finance Companies Part 4 : Progressive Railroading's 2019 Finance & Leasing Guide: Investment Banks Part 5 : Progressive Railroading's 2019 Finance & Leasing Guide: Lessors Part 6 : Progressive Railroading's 2019 Finance & Leasing Guide: Professional services/consulting Rail News: Mechanical

image DVB Bank SE Representative Office New York See BANKS EdgePoint Capital Advisors LLC 2000 Auburn Drive, Suite 330, Beachwood, OH 44122
216-342-5859 | Fax: 216-841-2464
www.edgepoint.com | rwarren@edgepoint.com Description of services: EdgePoint is a national investment bank that advises clients on sale, divestiture, acquisition, financing and similar middle-market transactions. EdgePoint has more than a decade of transaction and industry experience in and “a special commitment to” serving the railroad and supply industries, according to the company. EdgePoint is a member of FINRA, SIPC and the Alliance of International Corporate Advisors. The firm closed 13 M&A transactions in 2018. EdgePoint has advised on the sale of RailPros to Bow River; American Turbocharger to A. Stucki and Aero Transportation Products to Wabtec. Contact: Russell J. Warren, Managing Director
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Progressive Railroading's 2019 Finance & Leasing Guide: Equipment providers/Equipment Management Services

Part 2 : Progressive Railroading's 2019 Finance & Leasing Guide: Equipment providers/Equipment Management Services

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Progressive Railroading's 2019 Finance & Leasing Guide: Finance Companies

Rail Insider-Progressive Railroading's 2019 Finance & Leasing Guide: Finance Companies. Information For Rail Career Professionals From Progressive Railroading Magazine
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Progressive Railroading's 2019 Finance & Leasing Guide: Lessors

American Railcar Industries Inc.

See EQUIPMENT PROVIDERS/EQUIPMENT MANAGEMENT SERVICES

The Andersons Inc.

1947 Briarfield Blvd., Maumee, OH 43537
419-893-5050 | https://andersonsrail.com/leasing-sales

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Progressive Railroading's 2019 Finance & Leasing Guide: Professional services/consulting

Part 6 : Progressive Railroading's 2019 Finance & Leasing Guide: Professional services/consulting

abh consulting — transportation analysis & consulting

1230 Park Ave. Suite 4A, New York, NY 10128
212-595-0457; Cell: 917-520-7101
www.abhatchconsulting.com

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Progressive Railroading's 2019 Finance & Leasing Guide: Banks

Rail News Home Mechanical February 2019 Part 1 : Progressive Railroading's 2019 Finance & Leasing Guide: Banks Part 2 : Progressive Railroading's 2019 Finance & Leasing Guide: Equipment providers/Equipment Management Services Part 3 : Progressive Railroading's 2019 Finance & Leasing Guide: Finance Companies Part 4 : Progressive Railroading's 2019 Finance & Leasing Guide: Investment Banks Part 5 : Progressive Railroading's 2019 Finance & Leasing Guide: Lessors Part 6 : Progressive Railroading's 2019 Finance & Leasing Guide: Professional services/consulting Rail News: Mechanical

image DVB Bank SE Representative Office New York 100 Park Ave., Suite 1301, New York, NY 10017
212-858-2616 | Fax: 212-858-2670
www.dvbbank.com Description of services: DVB Bank’s Land Transport Finance Division, with New York and Frankfurt offices and a dedicated rail team, provides senior-secured asset financing loans for new/used rail cars and locomotives for operating companies, as well as equipment manufacturers and leasing companies. Product offerings include structured debt into leveraged leases, mezzanine and junior debt, mortgage financing and debt underwriting ABS liquidity facilities, as well as international mergers and acquisitions advisory, debt and equity capital markets advice, including asset backed securities. Contact: United States — Joe Devoe, Managing Director and Chief Representative, joe.devoe@dvbbank.com, 212-858-2616. Europe — Martin Metz, Managing Director and Head of Land Transport Finance, martin.metz@dvbbank.com, +49-69-97504-350 PNC Equipment Finance 995 Dalton Ave., Cincinnati, OH 45203
513-455-9617
www.pnc.com/ef Description of services: Provider of rail-car lease, loans and financial solutions. Wells Fargo Rail See LESSORS
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Rail supplier news from Wilson & Co., Alstom, Kelso, Midland and Redwood Logistics (Feb. 15)

Engineering and architecture firm Wilson & Co. Inc. has promoted Andrew Leifheit to senior vice president and leader of the rail services division; and Scott Waterman, Steve Salazar and  Dave Olson to VP. Leifheit helps develop key business partnerships and implement strategic business planning initiatives. Waterman, who has 28 years of transportation management experience, will lead transportation services in Colorado and Utah, while Salazar will lead municipal services in Colorado, Kansas and Utah. Olson has 20 years of engineering experience and is an operations manager in the rail division.

Alstom announced the first MP14 train is undergoing tests on RATP's driverless line 1 in France. Following static tests designed to validate basic functions, dynamic tests will be carried out until summer to check the train's performance, including braking, traction, electromagnetic compatibility, acoustic comfort and climate comfort, Alstom officials said in a press release. RATP will carry out tests on the trains' automatic control system and onboard audio-visual equipment on line 14. Depending on how the tests progress, the trains will enter service at the state-owned metro sometime between the end of 2019 and beginning of 2020, Alstom officials said.

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Capitol Corridor authority appoints new board leaders

The Capitol Corridor Joint Powers Authority's (CCJPA) board has elected Rebecca Saltzman as chair and Don Saylor as vice chair. They each will serve two-year terms.

Saltzman has served on the CCJPA board since January 2014 and also serves as vice president on Bay Area Rapid Transit's (BART) board.

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Trump, others react to California's shrinking high-speed rail project

By Julie Sneider, senior associate editor

President Donald Trump has called on the state of California to give back $3.5 billion in federal dollars it received for its high-speed rail (HSR) project, which Gov. Gavin Newsom announced this week would be scaled back.

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Austin's Capital Metro to soon advance commuter-rail line study

Capital Metropolitan Transportation Authority (Cap Metro) President and Chief Executive Officer Randy Clarke earlier this week updated the agency's regional partners on an upcoming study of the MetroRail Green Line, a proposed commuter-rail line between Austin and Manor, Texas.

To be funded by a $600,000 grant received from the Federal Transit Administration in December 2018, the study will examine the potential for transit-oriented development along the route. The Green Line has been identified as a potential corridor to be developed under Project Connect, a long-term vision for a regional public transportation system, Cap Metro officials said in a press release.

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