Latest Rail Industry News
The Railway Supply Institute's board of directors has voted to cancel the group's 2010 planned convention in Chicago in light of the difficult economic environment railroads and their suppliers are operating in.
RailAmerica, one of the largest owners and operators of small railroads, has launched a contract-switching business to serve industrial customers.
Watco Transportation Services, Inc. announced the start up of its Alabama Warrior Railway (ABWR), a new railroad operating 15 miles of track in and around Birmingham, Ala. It interchanges with BNSF, CSX and Norfolk Southern.
Norfolk Southern will build a new intermodal terminal in Greencastle, Pa., to serve the Mid-Atlantic region. The terminal project is part of the railroad's multi-state Crescent Corridor initiative to establish a high-speed intermodal freight rail route linking the Gulf Coast and the Northeast.
The rail traffic report for July continued a negative trend but showed some "interesting" signs, according to an industry expert.
American Railcar Industries, Inc. (ARI) is the latest rail car manufacturing firm to report a decline in revenues in the second quarter.
Two prominent U.S. senators are pushing for safety improvements in rail transit.