Rail

Colorado Railcar to fold

Posted on December 30, 2008

Announcing that it is ceasing business operations, Fort Lupton, Colo.-based Colorado Railcar Manufacturing LLC will release all its employees Dec. 31, according to a statement posted on the company's Website by President and CEO Larry E. Salci.

Salci’s statement noted that Colorado Railcar has a major liquidity problem, their lenders have a secured position in the assets of the company and, therefore, are in the process of liquidation.

The company was attempting to rejuvenate passenger railcar manufacturing in the U.S., and featured diesel multiple-unit (DMU) equipment options, but actual purchases were limited.

Colorado Railcar’s DMUs will debut on Portland TriMet’s Westside Express Service on Feb. 9.

View comments or post a comment on this story. (0 Comments)

More News

Alstom completes hybrid locomotive for Volkswagen

The new generation of hybrid shunting locomotive will be used at Volkswagen’s Wolfsburg plant for zero-emission freight transport, making a sustainable contribution towards reducing CO2 emissions.

Passenger rail reform bill passes first hurdle

The “Railroad Reform, Enhancement, and Efficiency Act,” which was unanimously approved by the Senate Commerce, Science and Transportation Committee, would authorize Amtrak for the next four years at an average $1.65 billion a year. Additionally, $570 million in total grant funding would be made available every year.

Sound Transit completes first phase of University Link testing

Over the past several months Sound Transit contractors have installed and tested new power, safety, train control and communications systems in most of the 3.1 miles of tunnels between Westlake Station in downtown Seattle and the University of Washington.

D.C. train operator told to stay put in smoke-filled tunnel

Train operator James Curley told NTSB investigators that people on the train were “yelling, screaming, kicking and banging on the glass doors” as he was repeatedly told to wait in the tunnel.

Area states, agencies set to pay more to maintain NEC

In December, the Northeast Corridor Infrastructure and Operations Advisory Commission voted, 17-1, to approve a new cost-sharing policy, designed to spread the burden for spending $425 million a year for the next three years for maintenance and upgrades on the corridor.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close