Railpace Hot News
Keep up to date on the latest railroad news from the northeastern United States and Canada, edited by Carl Perelman.
October 23, 2020
CP announces strategic, multi-year rail agreement with A.P. Moller – Maersk
Canadian Pacific Railway Limited is announcing a strategic, multi-year rail agreement with A.P. Moller – Maersk to move freight through the ports of Vancouver and Montreal.
October 22, 2020
NJ Transit’s Fiscal Year Operating Budget and Five Year Capital Plan
The NJ TRANSIT Board of Directors adopted a Fiscal Year 2021 (FY 2021) operating budget and A Five-Year Capital Plan that supports continued investments in frontline personnel, infrastructure and equipment to maintain the system in a state-of-good repair, helps advance its 10-year Strategic Plan (NJT2030) and includes additional spending due to the ongoing effort to reduce the spread of COVID-19, all without raising fares for a third straight fiscal year.
October 21, 2020
Rail Traffic for the Week Ending October 17, 2020
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending October 17, 2020. For this week, total U.S. weekly rail traffic was 518,763 carloads and intermodal units, up 2.2 percent compared with the same week last year.
October 21, 2020
Third Quarter Canadian Pacific Financial Results
Canadian Pacific Railway Limited today announced third-quarter revenues of $1.86 billion, diluted earnings per share (“EPS”) of $4.41, adjusted diluted EPS of $4.12 and an operating ratio of 58.2 percent.
October 20, 2020
VIA Rail Announces a Gradual Service Resumption in Western Canada
VIA Rail Canada (VIA Rail) announces the gradual return to service in Western Canada by providing intercity transportation exclusively between Winnipeg and Vancouver as of Friday, December 11, 2020
October 20, 2020
MTA Launches Groundbreaking Live Subway Map, Creating Next Generation Map Following Iconic Hertz and Vignelli Designs
Metropolitan Transportation Authority (MTA) officials today launched the new digital “Live Subway Map,” a first of its kind guide to navigating the subway system in real time. The new map, which allows riders to plan trips more easily by taking into account service changes and seeing train movements as they happen.
October 19, 2020
Wabtec Begins Trial of Transit Rail Industry’s First Environmentally Friendly Air Conditioning System
Wabtec begins trial of the transit rail industry’s first air conditioning system using natural R290 refrigerant, a clean and environmentally friendly option. This Wabtec Green Air technology is part of the company’s initiative to bring clean, sustainable solutions to the transit market.
October 16, 2020
Smucker Introduces the Keystone Line for the Commonwealth Act
On October 13, Pennsylvania State Representative Lloyd Smucker (PA-11) announced the introduction of H.R. 8389, the Keystone Line for the Commonwealth Act. The legislation would require Amtrak to transfer ownership of the Keystone East Line and certain stations along that line to the Commonwealth of Pennsylvania for management by the Pennsylvania Department of Transportation (PennDOT).
October 16, 2020
CP To Acquire Full Ownership Of The Detroit River Rail Tunnel
Canadian Pacific and OMERS, the defined benefit pension plan for municipal employees in the province of Ontario, announced today they have entered into a purchase agreement whereby CP will acquire full ownership of the Detroit River Rail Tunnel from certain affiliates of OMERS
October 16, 2020
SEPTA to Introduce New Three-Day Passes on Transit and Regional Rail
To add options and flexibility for passengers, SEPTA is offering new three-day passes for Transit and Regional Rail that will be available for purchase on a SEPTA Key Card. These new fare products go on sale starting Tuesday, Oct. 20.
