North
American Transit Industry
New
York City Transit Authority Tightens Rules on Subway Track
Safety:
Transit
officials have drafted tighter safety rules following the
deaths of two subway track workers last week, said officials.
Bombardier
Delivers First Commuter Cars to Long Island Rail Road in New
York:
The
contract signed in May 1999 was for the delivery of 192
commuter cars and included options for 1,074 additional cars.
To date LIRR has ordered 858 cars with 408 options still to
exercise.
Seattle's
Monorail Backers Embrace Tiny-Margin Win:
The
monorail measure ended up with a margin of victory of about
two-tenths of a percent.
Ridership
Studies Support Feasibility of High-Speed Rail Link in Florida:
Two
independent studies of the financial viability of a high-speed
rail link between Tampa and Orlando conclude the fares paid by
riders alone would cover the cost of operating and maintaining
the system.
Garland,
Texas, Light-Rail Service Set to Begin:
DART
officials project that by the end of 2003, an average of 1,409
passengers will board trains at the Forest/Jupiter Station
each weekday and that 1,982 will do the same at downtown
Garland.
Report
Calls for New York City Transit Agency to Offer More Fare
Deals:
With
the possibility of a fare hike looming, an expanded MetroCard
menu would entice riders to take advantage of discounts,
according to the report.
Lawsuits
from Commuter Train Crash to Be Litigated in Orange County,
Calif.:
The
deadly Metrolink train crash in Placentia is generating
hundreds of lawsuits that will be consolidated into the
largest group of cases stemming from a single Orange County
accident.
To
read the complete news stories please visit our website at iRail.com.
North
American Freight Industry
CPR
Wins Auto Maker's Quality Award Third Year In A Row:
Superior
service has earned the Canadian Pacific Railway (CPR) one of
Daimler Chrysler Corporation's top awards for transportation
excellence for the third consecutive year.
Carroll
Campbell to Retire From NS Board of Directors effective Nov.
29:
Campbell
was elected to the board in July 1996. Prior to joining the
board, Campbell served two terms as South Carolina's governor
and was U.S. representative from the state's 4th Congressional
District.
Union
Pacific's Quarterly Dividends Increase by 15 Percent:
UP
has raised its quarterly dividend by 15 percent, the first
increase since the company cut the payment to shareholders in
1998.
Burlington
Northern Reiterates 4th Quarter EPS Outlook:
Burlington
Northern Santa Fe Corp. remains comfortable with its
fourth-quarter earnings outlook of 52 cents to 56 cents per
share, said CFO Thomas Hund.
Norfolk
Southern Changes Expected Rate Of Return:
Citing
its market outlook, Norfolk Southern Corp.lowered its expected
long-term rate-of-return assumption on pension plans assets to
9%.
Wabtec
In Exclusive Supplier Pact With CSX Transportation:
Wabtec
Corp. has received a 10-year contract to supply locomotive
brake equipment to CSX Transportation.
Schweiker
Administration Releases $3.6 Million for Rail-Freight
Improvement Projects:
On
behalf of PA. Gov. Mark Schweiker, Transportation Secretary
Bradley L. Mallory announced the release of $3.6 million in
state capital budget funds to help five railroads undertake
needed infrastructure repairs.
Canadian
National Railway cutting 1,146 jobs:
CN
is cutting 1,146 jobs, or about 5 percent of its work force,
in a bid to improve productivity and curb rising labor costs.
Most of the job cuts will take place in Canada, with 325 in
the United States.
CPR's
CEO Says Canadians Losing Out on Economic Growth because
Government Policy Discriminates Against Rail:
Speaking
to the Western Transportation Advisory Council, Mr. Ritchie
said that the government’s policies create an uneven playing
field in the transportation industry, skewing shipper choice
away from rail and toward trucks.
To
read the complete news stories please visit our website at iRail.com.
International
and miscellaneous
Bombardier
wins contract for the supply of 21 Cityrunner trams to Geneva:
Bombardier
Transportation has received an order from the Geneva transport
authority for the supply of 21 low-floor trams type Cityrunner.
The contract is valued at approximately $90 million Cdn (57
million Euros).
SNCF
to re-design high-speed TGV trains:
French
national rail group SNCF is to consult its passengers over the
new interior design of its Atlantique and Est high-speed (TGV)
trains. About 183 Atlantique and Est trains are to have their
interiors re-designed, representing about half the group's total
fleet of TGVs.
Bombardier
gets $18.7M British rail contract:
Bombardier
Inc. said yesterday it had obtained a design contract from
Britain's Railtrack worth $18.7-million to resignal a line in
the East Midlands area.
Hitachi
Joins Chongqing Light Rail Project:
Hitachi
will provide all the electric products and 2 groups (8
carriages) needed by the Changchun Rail and Carriage Factory.
Lloyd’s
Register to continue safety certification on Taiwan high speed
rail project:
David
Moorhouse, Chairman of Lloyd`s Register and Dr. George Liu,
President of the Taiwan High Speed Rail Corporation (THSRC) have
signed a multi-million dollar agreement that covers the second
phase of the construction of the Taiwan high speed rail project.
To
read the complete news stories please visit our website at iRail.com.
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