Domestic News
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We see Wabtec as best positioned into the 4Q20 print. The Greenbrier Companies is our top pick for 2021, but we are cautious into the fiscal 1Q21 print in early January. |
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Congress last night passed a $2.3 trillion legislative package that includes $1.4 trillion to fund the government and $900 billion in coronavirus emergency relief aid. The bill provides $14 billion in pandemic emergency funding for public transit and $1 billion for Amtrak, according to the American Public Transportation Association. |
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The European Union came under mounting pressure to slow down its push for a major investment deal with China, as opposition grew to any agreement with Beijing that fails to tackle forced labor. Jake Sullivan, national security adviser to U.S. President-elect Joe Biden, weighed in with a tweet late on Monday referencing a story on the proposed EU-China accord. |
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Mexico on Tuesday received the first wagon of its first China-built light rail car as part of an effort to upgrade the country's urban light rail transportation system. The first wagon was delivered to Monterrey, capital of north Mexico's Nuevo Leon state, and placed on the maintenance tracks with the help of specialized cranes, the local government said in a statement. |
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Patriot Rail Co. LLC and Patriot Port Holdings LLC announced today that Matt Nelson, vice president of accounting and finance, will become chief financial officer effective Jan. 1, 2021. Nelson will succeed CFO Jennifer Whiteman, who is leaving the company at year's end to spend more time with family and pursue personal interests, Patriot officials said in a press release. |
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FRRCSI supports rail infrastructure health, safety and performance throughout the state, enabling NCDOT to partner with rail companies on improvement projects. This partnership helps railroads meet customer needs in an efficient and cost-effective manner while also preparing them for growing service demands and partnerships with new businesses and industries across the state. |
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Canadian Pacific, Metra and Chicago Region Environmental and Transportation Efficiency Program (CREATE) partners announced this week the completion of a project that will help reduce delays to freight- and commuter-rail trains in Franklin Park, Illinois. The CREATE B1 Project involved the installation of five crossovers and associated signaling on Metra tracks serving the Milwaukee District West Line and CP, principally between grade crossings at Scott and Ruby streets. |
International News
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How did you experience 2021? “The uncertainty has impacted on us. Wagons came to a standstill. Then suddenly there was a huge push to rail, because trucks came to a standstill. Rail transportation proved its value." |
