Rail

Las Vegas Monorail insurer appealing decision

Posted on May 12, 2010

LAS VEGAS — The Las Vegas Monorail's bond insurer is appealing an April 26 bankruptcy court ruling that found the monorail is not a government agency, according to the Las Vegas Sun. Ambac Assurance Corp. of Wisconsin and Wells Fargo Bank had argued that the monorail should not be allowed to proceed under Chapter 11, arguing that a filing under Chapter 9 reserved for government agencies was more appropriate. For the full story, click here.

 

 

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

More News

Proposed downtown L.A. streetcar gets big boost

Supporters say ridership on the 3.8-mile service could reach 6,000 people per day.

Wabtec completes majority ownership of Faively Transport

The combination creates one of the world's largest public rail equipment companies, with revenues of about $4.2 billion and a presence in all key transit and freight rail markets worldwide.

Bombardier plant hosts royal visit from HRH The Duke of Cambridge

During his visit, His Royal Highness was given a site tour and inspected the company's assembly of Elizabeth line trains, where he met manufacturing, welding and painting apprentices.

Mich. State railway management certificate program updates offerings

The updated program treats the railway as a system, covering freight supply chain integration and efficient/value-added transportation of passengers.

WMATA proposes cutting late night rail service

Additionally, the earliest trains on Sunday would start at 8 a.m., while the start times for trains on weekdays and Saturdays would remain at 5 a.m. and 8 a.m., respectively.

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 number 1 resource for vocational 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