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Jul
11

Suppliers partner with U.K. universities to conduct rail research

Rail News Home Rail Industry Trends 7/11/2017 Rail News: Rail Industry Trends
Siemens, Alstom, Bombarider and other suppliers are providing funds to conduct the research.Photo – University of Birmingham

A group of rail suppliers and eight United Kingdom universities have partnered to secure $118 million to perform rail research in the U.K.

The Higher Education Funding Council for England will provide $36 million, while a group of 17 industry partners will pick up the remaining $82 million. The latter group includes Alstom, Siemens and Bombardier Transportation.

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Jul
11

House Appropriations Committee THUD bill: TIGER eliminated; preserves other grants

The U.S. House of Representatives Appropriations Committee released the fiscal year 2018 Transportation, Housing and Urban Development funding bill July 10.

 

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Jul
11

House Appropriations Committee THUD bill: TIGER eliminated; preserves other grants

The U.S. House of Representatives Appropriations Committee released the fiscal year 2018 Transportation, Housing and Urban Development funding bill July 10.

 

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Jul
11

House Appropriations Committee THUD bill: TIGER eliminated; preserves other grants

The U.S. House of Representatives Appropriations Committee released the fiscal year 2018 Transportation, Housing and Urban Development funding bill July 10.

 

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Jul
11

NCDOT, Progressive Rail partner to preserve portion of P&N service

Progressive Rail, Inc., and the North Carolina Department of Transportation's (NCDOT) Rail Division have partnered to preserve rail service along a portion of the Piedmont & Northern Railway corridor.

 

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Jul
11

NCDOT, Progressive Rail partner to preserve portion of P&N service

Progressive Rail, Inc., and the North Carolina Department of Transportation's (NCDOT) Rail Division have partnered to preserve rail service along a portion of the Piedmont & Northern Railway corridor.

 

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Jul
11

NCDOT, Progressive Rail partner to preserve portion of P&N service

Progressive Rail, Inc., and the North Carolina Department of Transportation's (NCDOT) Rail Division have partnered to preserve rail service along a portion of the Piedmont & Northern Railway corridor.

 

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Jul
11

Sens. Schumer, Booker renew call to fund Gateway Program

U.S. Sens. Charles Schumer (D-NY) and Cory Booker (D-NJ) renewed their call for the Gateway Program to advance with funding commitments.

 

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Jul
11

Sens. Schumer, Booker renew call to fund Gateway Program

U.S. Sens. Charles Schumer (D-NY) and Cory Booker (D-NJ) renewed their call for the Gateway Program to advance with funding commitments.

 

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Jul
11

Sens. Schumer, Booker renew call to fund Gateway Program

U.S. Sens. Charles Schumer (D-NY) and Cory Booker (D-NJ) renewed their call for the Gateway Program to advance with funding commitments.

 

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Jul
11

PATH nears ridership high-water mark

The Port Authority Trans-Hudson (PATH) rail system is on track to serve a record 80 million passengers in 2017, the Port Authority of New York and New Jersey (PANYNJ) announced late last week.

For the first six months of 2017, PATH logged just over 40 million riders, marking a 3.6 percent increase over the same period last year. Through June's end, the system averaged 227,000 riders each day.

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Jul
11

RCE Equipment Solutions, Inc., launches rebranding effort

RCE Equipment Solutions, Inc., previously known as Rail Construction Equipment, Co. (RCE), has implemented a new name, company website and updated its corporate identity.

RCE Equipment Solutions says that the new name "reflects the company's growth and diversification goals."

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Jul
11

RCE Equipment Solutions, Inc., launches rebranding effort

RCE Equipment Solutions, Inc., previously known as Rail Construction Equipment, Co. (RCE), has implemented a new name, company website and updated its corporate identity.

RCE Equipment Solutions says that the new name "reflects the company's growth and diversification goals."

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Jul
11

RCE Equipment Solutions, Inc., launches rebranding effort

RCE Equipment Solutions, Inc., previously known as Rail Construction Equipment, Co. (RCE), has implemented a new name, company website and updated its corporate identity.

RCE Equipment Solutions says that the new name "reflects the company's growth and diversification goals."

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Jul
11

Batory picked for FRA chief

The White House on July 10 announced that President Donald Trump intends to nominate Ronald L. Batory, who recently retired as president and chief operating officer of Conrail, as the next Federal Railroad Administrator.

 

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Jul
11

Batory picked for FRA chief

The White House on July 10 announced that President Donald Trump intends to nominate Ronald L. Batory, who recently retired as president and chief operating officer of Conrail, as the next Federal Railroad Administrator.

 

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Jul
11

Batory picked for FRA chief

The White House on July 10 announced that President Donald Trump intends to nominate Ronald L. Batory, who recently retired as president and chief operating officer of Conrail, as the next Federal Railroad Administrator.

 

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Jul
11

Grupo Mexico completes Florida East Coast Railway acquisition

Rail News Home M&A 7/11/2017 Rail News: M&A
Grupo Mexico S.A.B. de C.V. on July 7 announced its Grupo Mexico Transportes S.A. de C.V. (GMXT) unit completed the acquisition of Florida East Coast Holdings Corp., which owns Florida East Coast Railway.GMXT completed the acquisition with a $2 billion payment funded with a loan for $1.55 billion from BBVA Compass Bancshares Inc. and Credit Suisse Group AG, and a $250 million loan from Santander Bank N.A. The remainder of the transaction was funded with GMXT's own resources and $97 million in debt at Florida East Coast, Grupo Mexico officials said in a press release.GMXT also obtained the necessary approvals for the acquisition from several U.S. regulatory agencies, including the Committee on Foreign Investment, Surface Transportation Board and Federal Communications Commission, they said.The deal positions GMXT as a relevant player in the North American transport business, together with its current operations in Mexico and Texas, Grupo Mexico officials said. The company also owns Texas Pacifico Transportation Ltd., a short line in west Texas, and controls a stake in the Copper Basin Railway, a short line in northern Arizona.

Contact Progressive Railroading editorial staff.

More News from 7/11/2017


Jul
11

R. J. Corman, L&I Railroad host Rep. Hollingsworth

Rep. Trey Hollingsworth (R– IN-9) joined R. J. Corman Railroad Services and the Louisville & Indiana (L&I) Railroad on July 10 for a project tour and to discuss rail and manufacturing issues with various rail stakeholders.

The tour was led by Nathan Henderson, president, R. J. Corman Railroad Services, and John Goldman, president of L&I. R. J. Corman is performing contracting services for the railroad. From 2015 to 2017, 94 miles of continuous welded rail and more than 80,000 crossties were installed on L&I. The improvements are part of an agreement the shortline has with CSX that will see infrastructure upgrades along the 106-mile route between Louisville, Ky., and Indianapolis.

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Jul
11

R. J. Corman, L&I Railroad host Rep. Hollingsworth

Rep. Trey Hollingsworth (R– IN-9) joined R. J. Corman Railroad Services and the Louisville & Indiana (L&I) Railroad on July 10 for a project tour and to discuss rail and manufacturing issues with various rail stakeholders.

The tour was led by Nathan Henderson, president, R. J. Corman Railroad Services, and John Goldman, president of L&I. R. J. Corman is performing contracting services for the railroad. From 2015 to 2017, 94 miles of continuous welded rail and more than 80,000 crossties were installed on L&I. The improvements are part of an agreement the shortline has with CSX that will see infrastructure upgrades along the 106-mile route between Louisville, Ky., and Indianapolis.

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