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Railroads will no longer have to conduct risk analyses to obtain approval to not install PTC or take other costly risk mitigation measures on an estimated 10,000 miles of track that will not carry passenger trains or poison inhalation hazard commodities after December 2015.
Read More →The one-week delay reflects the timely submission from the Pre-Petition First Lien Agent, pursuant to Section 9.1 of the Prepetition First Lien Credit Agreement, of its intent to submit a Credit Bid under Section 363 of the U.S. Bankruptcy Code.
Read More →Decision was made with a focus on reducing its debt and advancing the best interests of the company and its stakeholders. Coach America has obtained a commitment for $30 million in financing, subject to approval by the Bankruptcy Court, which will support the company's fleet investment and help ensure the continuation of normal operations.
Read More →The courses include 28 high-quality video-based presentations, Classroom Facilitator Guides, Behind-the Wheel Instructor Guides, Operator Study Guides and Operator Training Progress Charts
Read More →Proposed amendments would eliminate the need to perform analyses on forgoing PTC installation and rerouting shipments of some hazardous materials off a rail line. Lines used to provide passenger service would still require PTC. Affected railroads are expected to realize an estimated cost savings of $340 million in the first several years
Read More →Services will include technical support and assistance for completion and submission of FRA-required PTC documentation and supporting evidence in support of system certification. RSC is performing similar services for several other freight and commuter railroad clients.
Read More →Both Sen. Diane Feinstein (D-CA), who authored the mandate, and Metrolink are critical of the request. The mandate was written following the Metrolink crash three years ago in Chatsworth.
Read More →The supplier, as part of a team led by Parsons Corp., will provide three key subsystems for a Positive Train Control system, the first to be used on a U.S. commuter railroad.
Read More →Through the sale, company has de-leveraged its balance sheet and recapitalized to poise itself for growth in the coming years. Krystal is partnering with Thunder Sky to introduce new, green vehicles in the near future.
Read More →MTR Western is the biggest asset in the bankruptcy estate of Darren Berg, who's been charged by federal prosecutors with running a Ponzi scheme that cost investors more than $100 million.
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