NewsmaxFinance.com reported that Warren Buffett’s BNSF railroad, owned by Berkshire Hathaway Inc., may offer a competing bid for Norfolk Southern Corp, throwing a wrench in Canadian Pacific Railway’s efforts for a $27 billion takeover of Norfolk Southern. Read the complete a [...]
WASHINGTON – The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) announced the adoption of a final rule that will improve roadway safety by employing technology to strengthen commercial truck and bus drivers’ compliance with hours-of-se [...]
NECN reported that MassODOT investigators are looking at possible causes of a Boston Red Line train that departed the station and ran for nine minutes without an operator, yet with passengers on board. The incident occurred early morning on Thursday, December 10. The operator [...]
Every three years, the Railroad Retirement Board’s Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. The following questions and answers summarize the results of the most recent longevity study. [...]
$5.4 billion — that’s how much public transit agencies collectively spend on buses and trains each year. U.S. public transportation authorities are using taxpayers’ dollars to employ Americans. Well, sort of — there’s a lot of room for improvement. Thanks to weak laws and pro [...]
OMAHA, Neb. (AP)—U.S. News & World Report reported today that Norfolk Southern (NS) denied Canadian Pacific’s (CP) takeover offer, but it appears that CP persists, as they are reportedly set to bring their proposal to NS stakeholders. Read the entire article at U.S. News [...]
Politico New York reported that a Congressional transportation bill that includes provisions to build a new cross-Hudson rail tunnel gained velocity with approval from both the U.S Senate and the House. Read the entire article from Politico New York Dec. 4.
The Claims Journal reported that In 2012 and again in 2015, train derailments that resulted in fiery explosions and fatalities in Maryland, Ohio and West Virginia exposed the dangerous truth about worn rails, prompting the U.S. Department of Transportation officials to establ [...]
The Pittsburgh Business Times reported that local and state officials recently gathered for the CSX official groundbreaking ceremony in McKees Rocks, Penn. The $60 million, 70-acre intermodal facility will be built on the site of the former Pittsburgh Intermodal Rail Terminal [...]
A new survey reaffirms support for expanding passenger rail service in Iowa. More than half the participants — 56 percent — in a survey conducted by the SMART Transportation Division said passenger rail service in Iowa should increase. Another 77 percent said Amtrak should ad [...]
SMART Union