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Feb
22

NTSB: Truck was on tracks, gates were down before Amtrak crash

Rail News Home Amtrak 2/22/2018 Rail News: Amtrak
The front axle of the lead locomotive derailed as the train continued moving.Photo – NTSB

A garbage truck involved in a fatal Amtrak accident late last month had entered a grade crossing after the warning gates were lowered, the National Transportation Safety Board (NTSB) announced yesterday.

On Jan. 31, an Amtrak train struck a garbage truck that was stopped at the crossing in Crozet, Virginia. The train was carrying Republican members of Congress on their way to a legislative retreat in West Virginia.

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Feb
22

Metra to buy 21 used EMD locomotives

The locomotives previously were used on Amtrak's West Coast routes.Photo – Metra

Metra's board yesterday approved the purchase of up to 21 used F59PHI locomotives for $1.3 million apiece. 

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Feb
22

Rinaldi named president of Metro-North

Rail News Home Railroading People 2/22/2018 Rail News: Railroading People
Catherine RinaldiPhoto – Metropolitan Transportation Authority

The Metropolitan Transportation Authority (MTA) has appointed Catherine Rinaldi president of MTA Metro-North Railroad.

She has served as the railroad's acting president since July 2017. Before that, she was Metro-North's executive vice president.

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Feb
22

Commentary: Rail-car lessees need to know the new lease accounting standards

Richard Kloster (left) is senior vice president and chief commercial officer of AllTranstek LLC, a private transportation consulting company that provides fleet management, technical and strategic consulting to the rail industry. He also forecasts the rail equipment markets for FTR Intel. Rob Hart, who contributed to this article, is president of Rob Hart Transportation Funding LLC and a senior consultant at AllTranstek.

By Richard Kloster and Rob Hart

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Feb
21

DART to expand on-demand shuttle service to light-rail stops

Rail News Home Rail Industry Trends 2/21/2018 Rail News: Rail Industry Trends
The service is aimed at providing "last-mile access" to and from the agency's rail and bus lines.Photo – Dallas Area Rapid Transit

Dallas Area Rapid Transit (DART) yesterday announced it will expand its "GoLink" on-demand shuttle service to provide "last-mile access" for light-rail riders in southern Dallas and Plano, Texas.

Starting Feb. 26, the agency will roll out three new southern Dallas zones for the shuttle service. The Inland Port zone will cater to a largely unserved industrial and commercial area out of the light-rail stop on the University of North Texas at Dallas campus.

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Feb
21

FTA: Commuter-rail corridor improvements may qualify for grants

Rail News Home Passenger Rail 2/21/2018 Rail News: Passenger Rail
Commuter railroads may qualify for a portion of the $73 million in federal grant funding that the Federal Railroad Administration (FRA) made available last week for positive train control (PTC), grade-crossing improvement and congestion mitigation projects, the Federal Transit Administration (FTA) announced yesterday.A portion of the funds may be made available to commuter railroads on a competitive basis for improvements to corridors they share with Amtrak or freight railroads, FTA officials said in a press release. The funding, which was authorized by the Fixing America's Surface Transportation Act, is made available through new grant programs. The funds come from the Consolidated Appropriations Act of 2017.Funds will be dispersed through the Consolidated Rail Infrastructure and Safety Improvements grant program and the Restoration and Enhancement Grants program.The FRA last week announced that it is accepting applications for the $73 million in grant funding for projects to improve rail safety.

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Feb
21

Cleveland RTA mulls delaying fare hike

The Greater Cleveland Regional Transit Authority (GCRTA) is considering delaying a planned 2018 fare hike for at least another year to complete a comprehensive fare study.

The agency's operational planning and infrastructure committee recommended putting the fare increase on hold after yesterday's meeting of the full GCRTA board.

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Feb
21

BNSF slates $110 million for Oklahoma capex projects

BNSF Railway Co. will spend $110 million this year on network maintenance projects in Oklahoma.

The Class I's Oklahoma capital expenditures program in 2018 will primarily focus on replacing and upgrading rail, ties and ballast, according to a BNSF press release.

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Feb
21

STB: Class Is start 2018 with smaller workforce

As of mid-January, Class Is in the United States employed 144,329 workers, down 0.75 percent since mid-December's employment figure and down 2.76 percent compared with mid-January 2017's level, according to the Surface Transportation Board.

Five of six employment categories reflected workforce decreases in mid-January compared with mid-December. Those categories were executives, officials and staff assistants, down 3.62 percent to 7,830 employees; transportation (train and engine) down 1.29 percent to 59,684; maintenance of way and structures, down 0.99 percent to 32,132; transportation (other than train and engine) down 0.78 percent to 5,581; and maintenance of equipment and stores, down 0.12 percent to 26,564.

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Feb
21

Sound Transit taps Siemens for light-rail substations

Rail News Home Passenger Rail 2/21/2018 Rail News: Passenger Rail
The substations will be used on the Northgate and East Link light-rail extensions.Photo – Sound Transit

Sound Transit has chosen Siemens to supply 13 traction power substations and two medium-voltage substations for the Northgate and East Link light-rail extensions.

The company also will provide a cross-passage tunnel tie station on the extensions and upgrade an existing substation it supplied in 2008.

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Feb
21

EPA certifies emission-reduction system for NCDOT locomotive

Rail News Home Sustainability 2/21/2018 Rail News: Sustainability
The technology uses catalytic reduction to chemically remove diesel engine emission pollutants from the locomotive's exhaust before it's released into the air.Photo – North Carolina DOT

The U.S. Environmental Protection Agency (EPA) has certified an emissions-reduction system for one of the North Carolina Department of Transportation's (NCDOT) passenger locomotives.

Known as a blended after-treatment system (BATS), the technology uses catalytic reduction to chemically remove diesel engine emission pollutants from the locomotive's exhaust before it's released into the air.

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Feb
21

TSB: More rail accidents reported last year in Canada

In 2017, 1,090 railway accidents were reported to the Transportation Safety Board of Canada (TSB), a 21 percent increase over 2016 but close to the five-year average of 1,028, the board reported yesterday.

There were 77 rail-related fatalities in 2017 — 11 more than the previous year and two more than the five-year average, according to the TSB's preliminary statistics report on transportation occurrences.

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Feb
21

Progressive Railroading's 2018 Finance & Leasing Guide: Professional services/consulting

Part 6 : Progressive Railroading's 2018 Finance & Leasing Guide: Professional services/consulting

abh consulting — transportation analysis & consulting

1230 Park Ave. Suite 4A, New York, NY 10128
212-595-0457; Cell: 917-520-7101
www.abhatchconsulting.com

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Feb
21

Progressive Railroading's 2018 Finance & Leasing Guide: Lessors

American Railcar Industries Inc.

See EQUIPMENT PROVIDERS/EQUIPMENT MANAGEMENT SERVICES

The Andersons Inc.

480 W. Dussel Drive, Maumee, OH 43537
419-893-5050 | https://andersonsrail.com/leasing-sales

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Feb
21

Progressive Railroading's 2018 Finance & Leasing Guide: Investment banks

Rail News Home Mechanical February 2018 Part 1 : Progressive Railroading's 2018 Finance & Leasing Guide: Banks Part 2 : Progressive Railroading's 2018 Finance & Leasing Guide: Equipment providers/Equipment Management Services Part 3 : Progressive Railroading's 2018 Finance & Leasing Guide: Finance Companies Part 4 : Progressive Railroading's 2018 Finance & Leasing Guide: Investment banks Part 5 : Progressive Railroading's 2018 Finance & Leasing Guide: Lessors Part 6 : Progressive Railroading's 2018 Finance & Leasing Guide: Professional services/consulting Rail News: Mechanical

DVB Bank SE Representative Office New YorkSee BANKSEdgePoint Capital Advisors LLC2000 Auburn Drive, Suite 330, Beachwood, OH 44122
216-342-5859 | Fax: 216-831-2464
www.edgepoint.com | This email address is being protected from spambots. You need JavaScript enabled to view it.Description of services: EdgePoint, which has 20 M&A professionals, is a national investment bank “with global reach” that advises clients on sale, divestiture, acquisition, financing and similar middle-market transactions. EdgePoint has more than a decade of transaction and industry experience in and “a special commitment to” serving the railroad and supply industries, according to the company. EdgePoint is a member of FINRA, SIPC and the Alliance of International Corporate Advisors. In 2017, EdgePoint advised on the sale of RailPros to Bow River; American Turbocharger to A. Stucki and Aero Transportation Products to Wabtec.Contact: Russell J. Warren, Managing Director
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Feb
21

Progressive Railroading's 2018 Finance & Leasing Guide: Finance Companies

Rail Insider-Progressive Railroading's 2018 Finance & Leasing Guide: Finance Companies. Information For Rail Career Professionals From Progressive Railroading Magazine

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Feb
21

Progressive Railroading's 2018 Finance & Leasing Guide: Equipment providers/Equipment Management Services

Part 2 : Progressive Railroading's 2018 Finance & Leasing Guide: Equipment providers/Equipment Management Services

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Feb
21

Progressive Railroading's 2018 Finance & Leasing Guide: Banks

Rail News Home Mechanical February 2018 Part 1 : Progressive Railroading's 2018 Finance & Leasing Guide: Banks Part 2 : Progressive Railroading's 2018 Finance & Leasing Guide: Equipment providers/Equipment Management Services Part 3 : Progressive Railroading's 2018 Finance & Leasing Guide: Finance Companies Part 4 : Progressive Railroading's 2018 Finance & Leasing Guide: Investment banks Part 5 : Progressive Railroading's 2018 Finance & Leasing Guide: Lessors Part 6 : Progressive Railroading's 2018 Finance & Leasing Guide: Professional services/consulting Rail News: Mechanical

DVB Bank SE Representative Office New York100 Park Ave., Suite 1301, New York, NY 10017
212-858-2616 | Fax: 212-858-2670
www.dvbbank.comDescription of services: DVB Bank’s Land Transport Finance Division, with New York and Frankfurt offices and a dedicated rail team, provides senior-secured asset financing loans for new/used rail cars and locomotives for operating companies, as well as equipment manufacturers and leasing companies. Product offerings include structured debt into leveraged leases, mezzanine and junior debt, mortgage financing and debt underwriting ABS liquidity facilities, as well as international mergers and acquisitions advisory, debt and equity capital markets advice, including asset backed securities.Contact: United States — Joe Devoe, Managing Director and Chief Representative, This email address is being protected from spambots. You need JavaScript enabled to view it., 212-858-2616. Europe — Martin Metz, Managing Director and Head of Land Transport Finance, This email address is being protected from spambots. You need JavaScript enabled to view it., +49-69-97504-350PNC Equipment Finance995 Dalton Ave., Cincinnati, OH 45203
513-455-9617
www.pnc.com/efDescription of services: Provider of rail-car lease, loans and financial solutions.Wells Fargo RailSee LESSORS
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Feb
20

Los Angeles Metro marks 25th anniversary

Rail News Home Passenger Rail 2/20/2018 Rail News: Passenger Rail
At another event last month, L.A. Metro CEO Phil Washington marked the 25th anniversary of the Red Line.Photo – Juan Ocampo for Metro

The Los Angeles County Metropolitan Transportation Authority (Metro) late last week marked its 25th anniversary.

Board members, elected officials and community stakeholders joined Los Angeles Mayor Eric Garcetti for a Feb. 15 ceremony to mark the occasion. The event took place at Los Angeles Union Station.

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Feb
20

FTZ warehouse opens near JAXPORT

North Florida Warehouse FTZ, a division of JZ Expedited Cos., last week marked the opening of Freight Trade Zone No. 64's first outdoor storage facility near the Jacksonville Port Authority (JAXPORT).

Located minutes from JAXPORT's North Jacksonville terminals, the 3.7-acre facility provides flexible short- and long-term outdoor storage options for vehicles, high and heavy, tracked units, project and over-dimensional cargo, containers, breakbulk and other cargo varieties, company officials said in a press release.

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