Rail News Home Mechanical 1/30/2019 Rail News: Mechanical Rail supplier news from Ricardo, APM Terminals, Dover, Seyfarth Shaw, Hanson and AECOM (Jan. 30) A diesel multiple unit. Photo – Ricardo Ricardo won a contract from United Kingdom-based rolling stock owner Porterbrook to provide engineering expertise for the integration of MTU's hybrid powerpack into a converted…
Posts published in January 2019
Rail News Home Federal Legislation & Regulation 1/29/2019 Rail News: Federal Legislation & Regulation NTSB: Accident investigation evidence may be lost due to shutdown Robert Sumwalt is chairman of the NTSB. Photo – ntsb.gov The National Transportation Safety Board (NTSB) resumed normal operations yesterday and began developing plans to address work that could not be…
Banedanmark settles with Alstom over ETCS delays 29 Jan 2019 DENMARK: Infrastructure manager Banedanmark has reached a settlement with Alstom over revisions to the 2012 contract to supply and install ETCS onboard equipment for the national Signalling Programme. Under the ambitious timescale approved in 2009, the installation of both lineside and onboard equipment had been…
Recent earnings from railroad operators Norfolk Southern and Union Pacific offer key insights into the state of U.S. commerce, says CNBC's Jim Cramer.The results suggest that the Federal Reserve would do well by keeping its planned interest rate increases on hold, Cramer says.The Federal Open Market Committee, which makes decisions on interest rates, meets this…
CNBC's Jim Cramer explains how Alibaba is an investor’s best bet when it comes to investing in Chinese stocks during the trade war.The "Mad Money" host also hears from his resident energy expert, RBN Energy's Rusty Braziel.In the lightning round, Cramer says one best-of-breed stock is a bit expensive for his taste. Lightning round: Cleaning…
Rail News Home Mechanical 1/28/2019 Rail News: Mechanical Wabtec, GE merger nears completion; Siemens, Alstom merger still a ways off Wabtec Corp. and GE Transportation late last week announced modifications to the terms of their merger agreement, which was reached in late 2018.The planned merger now is expected to close by February's end, subject to…
Rail News Home Federal Legislation & Regulation 1/28/2019 Rail News: Federal Legislation & Regulation Short-line tax credit bill introduced in Senate A bill that would permanently extend the 45G short-line tax credit has been introduced in the Senate, the American Short Line and Regional Railroad Association (ASLRRA) announced late last week.The lead sponsors of S.…
Distribution deal signed after InnoTrans demonstration 28 Jan 2019 USA: Having seeing the product in action at InnoTrans 2018, PowerRail has negotiated to be the sole US distributor of German company SORB’s PowerSORB, an organic material which can absorb up to four times its own weight of spilled lubricants, oils, paints, dyes, coolants and other…