Locomotive Spare Parts and Inventory

What do you get when you combine the innovation of MagLev technology with solar power, hydrogen fuel, and a futuristic aesthetic? The Interstate Traveler Hydrogen Super Highway, or the Traveler- a ground-breaking solar powered, hydrogen-fueled, zero emission mass transit system that would carry everything from people to cars in sustainable style and carbon neutral function. Too good to be true? Read More... Read more...

Billionaire financier Carl Icahn and various affiliates notified Greenbrier Cos. Inc. that they are interested in the company possibly merging with St. Louis-based American Railcar Industries Inc., according to a regulatory filing Monday with the Securities and Exchange Commission. Read More... Read more...

According to APA-Economics, the European Bank for Reconstruction and Development (EBRD) is likely to approve the long-expected loan for railway system upgrading project in Azerbaijan. EBRD is to extend $50 million to finance the refurbishment of electric shunting locomotives, depot equipment and track maintenance machines. Read More... Read more...

Rival railroads CSX Corp. and Norfolk Southern Corp. found different ways to overcome higher fuel costs and report fourth-quarter earnings that exceeded Wall Street's expectations. Meanwhile Union Pacific announced Thursday that its profits were also up in Q4. Read more...

Slovenian Railways (Slovenske Zelenice SZ) has placed an order worth EUR 48 million for twelve Eurosprinter type locomotives with Siemens Mobility. Both companies signed a contract in Ljubljana involving an option for another eight locomotives. The first of the locomotives is due to be handed over in April 2009. Locomotive production will take place in Siemens’ Munich-Allach plant in Germany and in the plant operated by the Technical Service of Austrian Federal Railways (ÖBB) in Linz. Read More... Read more...

The United Steelworkers said its Local 2004 members have ratified an agreement with Canadian National Railway Co.that includes a 13.75 per cent wage increase over four years and improved benefits. Earlier this month, CN and members of the International Brotherhood of Electrical Workers union ratified a five-year collective agreement that sees improved wages and benefits for the about 700 workers who maintain the railway's Canadian signals and communication systems. Read More... Read more...

Warren Buffett's Berkshire Hathaway Inc. bought 29,600 more shares of Burlington Northern Santa Fe stock, giving Berkshire ownership of 17.4 percent of the nation's second-largest railroad. Buffett's company now owns 60.9 million shares of Burlington Northern Santa Fe Inc., which is based in Fort Worth, Texas. Its shares rose $2.21, or 2.8 percent, to $80.06 Thursday. Read More.. Read more...

Members of the International Brotherhood of Electrical Workers union have ratified a five-year collective agreement at CN's (TSX:CNR) Canadian operations. The agreement providing improved wages, fringe benefits and other benefits affects about 700 workers who maintain Canadian National Railway's signals and communication systems in Canada. Read more... Read more...