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Feb
19

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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Feb
19

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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Feb
19

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

DVB Bank SE Representative Office New York100 Park Ave., Suite 1301, New York, NY 10017
212-858-2616 | Fax: 212-858-2670
www.dvbbank.comDescription 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, This email address is being protected from spambots. You need JavaScript enabled to view it., 212-858-2616. Europe — Martin Metz, Managing Director and Head of Land Transport Finance, This email address is being protected from spambots. You need JavaScript enabled to view it., +49-69-97504-350PNC Equipment Finance995 Dalton Ave., Cincinnati, OH 45203
513-455-9617
www.pnc.com/efDescription of services: Provider of rail-car lease, loans and financial solutions.Wells Fargo RailSee LESSORS
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Feb
15

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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Feb
15

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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Feb
15

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

By This email address is being protected from spambots. You need JavaScript enabled to view it., 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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Feb
15

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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Feb
15

Metra issues RFP for onboard camera systems, discounts passes due to service disruptions

Metra has issued a request for proposals (RFP) for onboard camera digital video recorder systems.

The chosen firm will provide up to 700 interior passenger seating area camera systems for Metra's cab, trailer and electric multiple unit cars, with associated software, hardware, materials, equipment, spare parts and accessories, and training and support.

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Feb
15

NTSB recommends new safety measures following tank car chlorine incident

Rail News Home Safety 2/15/2019 Rail News: Safety
The incident occurred when 178,000 pounds of liquefied compressed chlorine was released over two-and-a-half hours after a DOT-105 tank car sustained a 42-inch crack in its tank shell.Photo – NTSB accident report

The National Transportation Safety Board (NTSB) yesterday issued five safety recommendations following its investigation of an August 2016 chlorine release from a ruptured tank car near New Martinsville, West Virginia.

Eight people were injured in connection with the accident, in which 178,000 pounds of liquefied compressed chlorine was released over two-and-a-half hours after a DOT-105 tank car sustained a 42-inch crack in its tank shell. The crack occurred shortly after the car was loaded at the Axiall Corp. Natrium plant, according to an NTSB press release.

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Feb
15

AAR calls for higher gas tax, weight-distance fee to shore up trust fund

Rail News Home Federal Legislation & Regulation 2/15/2019 Rail News: Federal Legislation & Regulation
The Association of American Railroads (AAR) is calling on Congress to implement a federal gas tax increase and a user-based fee system in an effort to ensure the Highway Trust Fund's financial viability.The recommendations are part of the association's national infrastructure priorities this year, which AAR President and Chief Executive Officer Ian Jefferies outlined prior to testifying before Congress earlier this week, according to The Signal, an AAR newsletter.Among the AAR's recommendations is to re-instill "user-pay funding" to support the Highway Trust Fund. To do that, the AAR wants Congress to increase the federal gas tax; devise and implement a user-based fee system that accounts for all highway users' impacts on infrastructure; and reject certain shippers' overtures to allow for longer and heavier trucks on the nation's highways. In addition to increasing the Highway Trust Fund's revenue sources, the AAR wants Congress to:
• maintain a balanced structure of economic regulation;
• streamline the infrastructure project permitting process;
• promote and support public-private partnerships such as the Chicago Region Environmental and Transportation Efficiency, or CREATE, program; and
• support the Section 130 program to improve grade crossings.Jefferies unveiled the AAR's infrastructure priorities before speaking to the Senate Committee on Commerce, Science and Transportation, which held a hearing Feb. 13 on the nation's infrastructure needs. A copy of his testimony is available here.To learn more about the rail industry's legislative priorities for the new Congress, read the cover story in this month's issue of Progressive Railroading.

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More News from 2/15/2019


Feb
15

CN to increase rail capacity at Port of Vancouver's Burrard Inlet corridor

Rail News Home Canadian National Railway - CN 2/15/2019 Rail News: Canadian National Railway - CN
By building a second track, CN will increase rail capacity, which will improve rail-traffic flow in and out of the port.Photo – Shutterstock

CN, the Canadian government and Vancouver Fraser Port Authority have signed an agreement calling for upgrades to the Burrard Inlet rail corridor that serves the south shore port area in Vancouver.

The work is necessary to increase capacity on a critical segment of trade infrastructure in the Vancouver area, according to a press release. The project calls for double tracking a 2.5-mile section of rail that links expanding import and export terminals on the Burrard Inlet's south shore to the national rail network.

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Feb
15

CN to increase rail capacity at Port of Vancouver's Burrard Inlet corridor

Rail News Home Canadian National Railway - CN 2/15/2019 Rail News: Canadian National Railway - CN
By building a second track, CN will increase rail capacity, which will improve rail-traffic flow in and out of the port.Photo – Shutterstock

CN, the Canadian government and Vancouver Fraser Port Authority have signed an agreement calling for upgrades to the Burrard Inlet rail corridor that serves the south shore port area in Vancouver.

The work is necessary to increase capacity on a critical segment of trade infrastructure in the Vancouver area, according to a press release. The project calls for double tracking a 2.5-mile section of rail that links expanding import and export terminals on the Burrard Inlet's south shore to the national rail network.

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Feb
15

PSR and the rail car: Commentary by Richard Kloster

Richard Kloster is senior vice president and chief commercial officer of AllTranstek LLC. He also is a principal at FTR Intel.

By This email address is being protected from spambots. You need JavaScript enabled to view it.

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Feb
14

Milwaukee streetcar rolls out rider app

Rail News Home Rail Industry Trends 2/14/2019 Rail News: Rail Industry Trends
A free app enables riders to monitor a streetcar’s position.Photo – visitmilwaukee.org

Milwaukee streetcar system The Hop has introduced a new real-time app aimed at improving the rider experience.

Developed by TransLoc Inc., the TransLoc Rider app provides real-time positioning of all streetcars along the route and vehicle arrival time estimates for each station. Riders also can receive alerts when a streetcar is nearing a particular station or when service is impacted or delayed.

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Feb
14

PATCO set to celebrate golden anniversary

Port Authority Transit Corp. (PATCO) will mark its 50th anniversary tomorrow by rolling back fares to 1969 prices.

On Feb. 15, 1969, PATCO completed its first trip from Lindenwold, New Jersey, to Center City in Philadelphia. From 6 a.m. to 11 a.m. tomorrow, fares will cost 30 cents to 60 cents, depending on the destination.

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Feb
14

BNSF budgets nearly $3.6 billion for capex in 2019

BNSF Railway Co. will spend $3.57 billion on capital expenditures this year, up from $3.4 billion in 2018, the Class I announced yesterday.

This year's plan will continue to emphasize maintenance and expansion of the network "with an unwavering focus on operating a safe railroad that meets customers' demands," BNSF officials said in a press release.

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Feb
14

Winter challenges 2019: Products to help railroads ward off Old Man Winter

(Shown) Rails Co.'s wireless remote-control and monitoring system.Photo – Rails Co.

Compiled By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

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Feb
13

Class Is continue to gain traffic boost from logistics units

In 2016, TBT completed an 80-car expansion at its Doraville terminal northeast of Atlanta that boosted car spots to 164.Photo – Norfolk Southern Corp./Thoroughbred Bulk Terminals

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

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Feb
12

Chuck Baker takes short-line association's reins

By This email address is being protected from spambots. You need JavaScript enabled to view it., Managing Editor

The American Short Line and Regional Railroad Association (ASLRRA) in January named Chuck Baker president. He assumed the post Feb. 4.

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Feb
11

Norfolk Southern to aim for 60 operating ratio by 2021

Rail News Home Norfolk Southern Railway 2/11/2019 Rail News: Norfolk Southern Railway
The Class I's financial targets include a full-year OR improvement in 2019 of at least 100 basis points from the 2018 OR of 65.4 percent.Photo – nscorp.com

Norfolk Southern Corp. officials today will provide details of the Class I’s latest strategic plan, which includes targeting an operating ratio (OR) of 60 percent by 2021.

The details — which will be revealed at the railroad’s Investor and Financial Analyst Conference being held today in Atlanta — will cover ways to increase productivity, efficiency and growth.

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