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New CEO and $US 4.3bn capital budget for UP THE board of Union Pacific Railroad (UP) approved the company's $US 4.3bn capital budget on February 5 and also voted to appoint Mr Lance Fritz as its new CEO with immediate effect.
milwaukee-approves-city-centre-tram-line
DEFYING years of opposition from state and county officials, as well as resistance from some of its own members, Milwaukee Common Council approved the construction of a light rail in the city centre on February...
caltrain-to-invite-electrification-proposals
THE board of Californian commuter rail operator Caltrain has authorised the release of a design-build request for proposals (RFP) for the Peninsula Corridor Electrification Project (PCEP), the next step in the $US 1.5bn electrification of...
new-ceo-and-$us-43bn-capital-budget-for-union-pacific
THE board of Union Pacific Railroad (UP) approved the company's $US 4.3bn capital budget on February 5 and also voted to appoint Mr Lance Fritz as its new CEO with immediate effect. UP is raising capital...
wabtec-acquires-us-signalling-contractor
WABTEC announced on February 4 that it has acquired US signalling contractor Railroad Controls from its parent company RCL Services Group for an undisclosed sum. Based in Benbrook, Texas, Railroad Controls employs around 500 staff and...
obama’s-proposed-2016-budget-offers-boost-to-rail
UNITED States president Barack Obama unveiled his proposed budget for the 2016 financial year on February 2, which includes a six-year $US 478bn surface transport reauthorisation proposal and $US 3.2bn within a $US 18.4bn Federal...
transdev-clinches-florida-tri-rail-maintenance-deal
THE board of South Florida Regional Transportation Authority (SFRTA) has awarded Transdev's US rail infrastructure maintenance subsidiary VTMI a $US 161m contract to maintain track, signalling, and structures on the 115km Tri-Rail commuter line from...
ottawa-previews-confederation-line-lrv
A mock-up of the forthcoming Alstom Citadis Spirit low-floor LRV for Ottawa's Confederation Line was unveiled on January 29 by the city's mayor Mr Jim Watson, Member of Parliament for Ottawa-Orléans Mr Royal Galipeau, and...
record-canadian-national-freight-volumes
CANADIAN National (CN) has reported a net profit of $C 3.17bn ($US 2.55bn) in 2014, compared with $C 2.61bn in 2013. Operating income rose last year by 19% compared with the previous year to $C...
another-record-year-for-norfolk-southern
NORFOLK Southern (NS) announced its annual results on January 26, revealing record revenues for the fourth consecutive year despite a continued downturn in the coal business. Railway operating revenues increased 3% to reach $US 11.6bn, driven...
union-pacific-net-earnings-up-18-in-2014
UNION Pacific (UP) increased net earnings by 18% to $US 5.2bn last year, up from $US 4.4bn in 2013, while it says operating income was also up 18% at $US 8.8bn. Freight income was 9%...