The Federal Railroad Administration has proposed that rail car manufacturers certify that their rail cars were made in countries that haven’t been flagged by the U.S. government for national security concerns. Two trade groups representing rail equipment manufacturers support this measure.
Rail trade groups’ and rail unions’ responses to NTSB’s preliminary report on the Feb. 3 Norfolk Southern train derailment offer different views on what the next steps should be.
Trade groups are supporting the reintroduction of a U.S. House bill to spur the industry to produce new rail cars or modernize existing ones through a tax credit.
A report commissioned by railway supply manufacturers suggests that direct and indirect contributions by the industry to U.S. GDP exceeded $75 billion in 2020.
Union Pacific and the Railway Supply Institute are among those forming partnerships, while the CREATE Program gets a $70 million federal grant.
A bipartisan group of U.S. representatives is supporting a bill that would encourage companies to replace or modernize older freight railcars via a tax credit.
North American rail equipment manufacturers have customers and offices in the region, and they’re assessing what steps to take next as the situation unfolds.
Railcar orders rose more than 50% in the fourth quarter, according to the Railway Supply Institute.
Railway Supply Institute will install a new president after Thanksgiving, while two rail advocacy groups release survey results showing public support for rail.
A market recovery is underway for railcar lessors and equipment manufacturers, but the market also has a ways to go before it bounces back completely, according to industry observations.
Railway supply workers support critical infrastructure, the trade group says.
Freight rail groups and others congratulate the former mayor of South Bend, Indiana, on his nomination to lead DOT; also, U.S. weekly rail volumes rise nearly 5% year-over-year
The new standard developed by the Railway Supply Institute builds upon existing federal and trade standards.
The Freight RAILCAR Act would provide a tax credit incentive for railcar owners to upgrade or replace railcars to more fuel-efficient models.
Jack Mahoney will take over for the retiring Guy Stephenson.
CN lays out 2020 capex plans for Nova Scotia, railroad supply group’s head to depart, and Norfolk Southern makes changes to its demurrage and accessorial charges tariffs.
Labor groups praise bill’s contents but key freight rail group is “disappointed.”
As Congress and the White House consider short- and longer-term funding infrastructure needs, the railroads want to ensure that the rail sector is part of the discussion.
Likelihood of economic recession could set stage for reauthorization in September.
Company accused of cheating its way into U.S. markets while posing a security threat
Railway Age reports industry veteran will lead the RSI Equipment Leasing Committee.
