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GE, Caterpillar face off in hot locomotive market

(Source: Wall Street Journal, April 12, 2012) NEW YORK — Caterpillar is trying to catch up with General Electric in the locomotive market amid a surge in demand. According to the Wall Street Journal, rising profits are allowing railroad companies to upgrade their...

SEPTA to spend $100 million on Positive Train Control

(Source: Philadelphia Inquirer, February 24, 2012) PHILADELPHIA — SEPTA will spend $100 million for a new, federally mandated train-control system designed to prevent the kind of collision that killed 25 people and injured more than 130 in Los Angeles in 2008. The new...

Maglev asset auction scheduled for March 6

(Source: Pittsburgh Post-Gazette, February 14, 2012) PITTSBURGH, Pa. — Harry Davis & Co. announced plans Monday to auction off the assets of Maglev Inc., a McKeesport-based high-speed rail developer that filed for bankruptcy in July. Full story: Pittsburgh...