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Tanks, hoppers drive ARI record 2Q 2014 financials
Written by: William C. Vantuono, Editor-in-ChiefBased largely on an increase in demand for its tank cars and hopper cars, American Railcar Industries, Inc. (ARI) on July 30, 2014 reported record...
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Rail freight traffic continues to grow
Written by: William C. Vantuono, Editor-in-ChiefThe Association of American Railroads reported continued growth in U.S. rail traffic for the week ending July 26, 2014, with 306,988 total carloads, up...
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STB sets 2013 railroad cost of capital at 11.32%
Written by: William C. Vantuono, Editor-in-ChiefThe Surface Transportation Board on July 31, 2014 issued its decision calculating the railroad industry’s after-tax cost of capital for 2013 as 11.32%, a...
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Keolis sponsoring 2015 World Police & Fire Games
Written by: William C. Vantuono, Editor-in-ChiefKeolis, a provider of passenger transportation services throughout the U.S. and Canada, will be a major sponsor of the 2015 World Police & Fire...
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Louis Berger lands Panama City Metro Line 2 management contract
Written by: William C. Vantuono, Editor-in-ChiefMorristown, N.J.-based Louis Berger, as part of the Consorcio PML2, has signed a five-year, $32 million contract to oversee construction of the Panama...
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Railroad Ten-Year Trends available from the AAR
Written by: William C. Vantuono, Editor-in-ChiefNow available from the Association of American Railroads is the latest edition of Railroad Ten-Year Trends, which contains a variety of railroad-related...
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CHSRA funding plan clears court hurdle
Written by: Douglas John BowenA California appeals court has ruled that the California High-Speed Rail Authority (CHSRA) can proceed with up to $8 billion in state bond sales for the proposed $68...
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Streetcar testing begins on H Street in D.C.
Written by: Douglas John BowenTesting began Monday, Aug. 4, 2014, on the District of Columbia's first modern streetcar line, running along H Street and Benning Road in the city's Northeast. The testing...
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IANA: Intermodal strength continues unabated
Written by: Douglas John BowenNorth American intermodal rail volume continues to notch gains across the board, the Intermodal Association of North America (IANA) reported in its Intermodal Market...
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Illinois, IAIS reach Quad Cities "milestone"
Written by: Douglas John BowenThe state of Illinois said Monday, Aug. 4, 2014 it and Iowa Interstate Railroad (IAIS) had reached a "key milestone" in developing intercity passenger rail service linking...
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Minneapolis streetcar proposal mulled
Written by: Douglas John BowenAmidst ongoing light rail transit expansion plans in Minnesota's Twin Cities, Minneapolis also is advancing a prospective route of a different flavor: a 3.4-mile, $230...
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InnoTrans touts "Future Mobility Park"
Written by: Douglas John BowenModal options, some only distantly related to rail, some purportedly transcending rail, will be featured at the "Future Mobility Park" hosted by InnoTrans 2014, scheduled...
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Good 2Q for BNSF
Written by: Douglas John BowenBNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable...
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Santa Ana selects preferred streetcar route
Written by: Douglas John BowenBy a 4-to-0 vote, the Santa Ana, Calif., City Council has chosen a proposed 4.1-mile streetcar route along the city's Fourth Street as a preferred option over a route...
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NS aids CBR safety training effort
Written by: Douglas John BowenNorfolk Southern Corp. said Thursday, Aug. 7, 2014 it recently sponsored a crude-by-rail (CBR) emergency response class at the Association of American Railroads' Security...
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AAR: Good week, month of July, for U.S. rail traffic
Written by: Douglas John BowenU.S. rail traffic gained ground in the week ending Aug. 2, 2014, effectively wrapping up a solid month of gains, the Association of American Railroads reported Thursday,...
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DOT crude oil NPRM: Will cooler heads prevail?
Written by: William C. Vantuono, Editor-in-ChiefA recent call-in forum on crude by rail conducted by Cowen and Company Managing Director and Railway Age Contributing Editor Jason H. Seidl “helped...
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Caltrain sets capital budget
Written by: William C. Vantuono, Editor-in-ChiefCaltrain’s board of directors on August 6, 2014, approved a $43.6 million capital budget that will provide funding for bridge repair work in San Mateo,...
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MTA: Second Avenue Subway, second phase, please
Written by: Douglas John BowenSignaling a commitment to continued subway expansion, Metropolitan Transportation Authority CEO and Chairman Thomas Prendergast has requested funding for Phase 2 of New...
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Mexico eyes first HSR route
Written by: Douglas John BowenMexican officials have declared their intent to establish high speed rail spanning 130 miles between the nation's capital, Mexico City, and the city of Queretaro, to the...
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