OmniTRAX Canada has accepted a letter of intent from a group of Northern Manitoba First Nations for the purchase of its Manitoba assets. This triggers a 45-day due diligence period in which both parties will work together to ensure that a purchase becomes a reality.
The Metropolitan Transportation Authority (MTA) has scheduled critical work in 2016 on the Flushing 7 Line between Manhattan and Queens.
The Sound Transit Board approved a $1.2-billion 2016 budget that provides $802.9 million in light rail and other system expansions.
Amtrak has concluded negotiations and changed the route of the Texas Eagle train between Fort Worth and Dallas, Texas, to run on the Trinity Rail Express (TRE) corridor.
In the wake of last winter's severe service disruptions and the ongoing debate over cost overruns associated with the Massachusetts Bay Transportation Authority's (MBTA) Green Line extension, Charles Chieppo, a senior fellow at the Ash Center for Democratic Governance and Innovation at the Harvard Kennedy School released a report outlining a number of reforms intended to put the MBTA fiscal house in order.
In the month of December, RailComm completed installation of its products at two yards in Mississippi and Florida.
Loram Maintenance of Way, Inc., appointed Brad Willems to the executive position of chief financial officer. In his new role, Willems will have the responsibility for all corporate accounting, tax and information technology roles, in addition to providing oversight of the friction management business unit.
The Minnesota Counties Transit Improvement Board authorized funding for three rail projects on December 16.
The Minneapolis-Duluth/Superior Passenger Rail Alliance, in conjunction with Minnesota Department of Transportation (MdDOT) and Wisconsin Department of Transportation (WisDOT), has cut the Northern Lights Express high-speed passenger rail project (NLX) cost in half.
Chicago's Regional Transportation Authority (RTA) Board of Directors adopted the 2016 operating budgets, which will fund Chicago Transit Authority (CTA) and Metra improvements next year.