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Daily Headlines

NJ Transit set to borrow $500 million to replace old trains and buses

(Source: www.nj.com, December 9, 2019) NEWARK, N.J. — NJ Transit is about to take out the mother of all new vehicle loans -- $500 million to purchase new trains and buses to rid the fleet of the old ones that break down and cause delays. The financing would allow NJ...

Train safety technology hasn’t quite reached the station

(Source: Roll Call, December 5, 2019) WASHINGTON, D.C. — After years of delays, a railroad safety system that federal regulators say could have prevented some 300 deaths since 1969 is finally close to full implementation — but large gaps remain, with commuter...

Railroads, shippers grapple over revenue adequacy at STB hearing

(Source: Freight Waves, December 13, 2019) CHATTANOOGA, Tenn. — Will recommended changes to how the Surface Transportation Board (STB) tracks revenue adequacy end up serving as a revenue cap for Class I railroads? The railroads said yes but the shippers said no on the...

AAR reports traffic decline for week ending December 7, 2019

(Source: Association of American Railroads press release, December 11, 2019) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 7, 2019. For this week, total U.S. weekly rail traffic was 517,130...

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