L.B. Foster Company plans to sell its railway securement business in a transaction expected to be completed by the end of the second quarter. L.B. Foster acquired the shipping systems division as part of its acquisition of Portec Rail Products, Inc. in December 2010.
Invensys Rail Corp. acquired PHW, Inc., from the current owner/managers for up to $24,000,000.00. The company will operate as a wholly-owned subsidiary of Invensys Rail Corp.
The Surface Transportation Board approved the request of Iowa Pacific Holdings, LLC, for common carrier status, which will allow them to reopen the Tahawus Line between North Creek and Newcomb, N.Y., and resume hauling freight to and from businesses along that line.
In April, there were more than 8.8 million trips taken on Portland, Ore.-area TriMet buses, MAX and WES commuter rail. For 13 consecutive months, weekday and weekly trips and total monthly ridership increased. System-wide, all modes were up in all categories of ridership for April.
A new fare structure is set to go into effect for the New Mexico Rail Runner Express this month.
This will be the first express train between Albuquerque and Santa Fe. Passengers using this new service will be able to save 20-25 minutes in each direction on their commute between the two cities.
Invensys Rail and DPS Electronics entered into a manufacturer's licensing arrangement under which DPS may manufacture and sell its end of train devices (EOTs) with certain telemetry features patented by Invensys. For those EOTs, Invensys Rail will provide the communications, central office services and end-user experience through its software as a service business hosted at www.eotph.com and commonly referred to as EOT Phone Home.
CalAmp Corp., provider of wireless products, services and solutions, received initial purchase orders totaling approximately $5 million to supply interoperable Positive Train Control radios to two North American Class 1 railroads for delivery in the second half of calendar 2012.
BNSF Railway Company plans to invest an estimated $242 million on maintenance and rail capacity enhancement and expansion projects in Kansas and an additional $130 million in Missouri this year.
The completion of the nearly $8 million San Mateo Creek Bridge, gateway to California's Trestles Beach and its famous surf break, was formally marked on Monday as a northbound Amtrak Pacific Surfliner made its way across the new bridge.
Sound Transit contractors have connected the University Link light-rail tunnels with the Downtown Seattle Transit Tunnel (DSTT) in Washington state. The tunnel-boring machine (TBM) nicknamed "Brenda" recently completed its one-mile trip on the second tunnel between Capitol Hill and downtown.