Rail volumes could rebound in the second half of the year, but the pace of a rebound will depend largely on consumer confidence, executives from several Class I railroads cautioned at recent investor conferences.
The AAR-2A, a new standard wheel profile recently implemented for use in North American freight railway operations, is expected to provide improved service performance for wheelsets. This assessment is based on the analysis, simulation and testing conducted by Transportation Technology Center, Inc.
MTA should not use emergency CARES Act funding to buy new passenger rail cars from the China Railway Rolling Stock Corporation (CRRC). Not only does CRRC not create jobs, this emergency funding to support transit agencies during the COVID-19 pandemic should stay in the U.S. and not be sent to any foreign state-owned business.
An amazing visual sign of our times dominates the CRANDIC railroad line between Cedar Rapids and North Liberty. Iowa Highway 965 drivers have noted hundreds of coal hopper cars and ethanol tanker cars lining the highway like silent sentries, waiting to rejoin an economy entrenched. They sit empty, unmoving, with the line broken only for roadway access as needed.
State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the stock market on Sunday as it completed its deal agreed last year to buy 70% of the petrochemical giant, according to sources and market data.