OFF Track Maintenance

CP increases 2013 capital investment

Canadian Pacific (CP) will move forward certain capital spending projects originally targeted for 2014 into this year, funded by a higher than anticipated 2013 cash-flow projection. CP will be investing an additional CA$75 (US$74.8) to CA$100 (US$99.7) million into its 2013 capital investment program.

UP earns logistics award

Union Pacific (UP) earned Nissan Motor Company’s 2012 Logistics Carrier Conference Logistics Success Story Award, which identifies carriers and providers that went above and beyond normal expectations in the past year.

Watco names new COO

Watco Mechanical Services (WMS) named Mark Peterson-Overton as chief operating officer. He will be responsible for managing all hands-on operational aspects of Watco Mechanical Services on a daily basis.

Caltrain reviews budget, ridership increases

California’s Caltrain presented a preliminary report to the Peninsula Corridor Joint Powers Board, which owns and operates Caltrain, indicating the rail service’s Fiscal Year 2014 budget will be balanced, but warning that Fiscal Year 2015 faces a significant budget shortfall.