"Mad Money" host Jim Cramer reveals which oil plays could be worth eyeing. Cramer also hears from the CEOs of Rent the Runway, Union Pacific and Micron. In Cramer's lightning round, he explains why investors should steer clear of housing stocks. Lightning round: Don't take shelter in the housing stocks In Cramer's lightning round, he…
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University alliance to promote high speed rail 22 May 2018 INTERNATIONAL: The International Union of Railways has moved to strengthen its nascent network of academic institutions which are intended to work together to promote the development of high speed rail.UIC first announced plans for its alliance of universities at the World Congress on High Speed…
Providing ‘pertinent, targeted and predictive’ information to operating staff 21 May 2018 UK: ‘If it works for CrossCountry it will work for any operator’, the inter-city operator’s Duty Control Manager Matthew Reeves told Railway Gazette International at the unveiling of Arrakis, a software suite which technology company Nexus Alpha has developed with the aim of…
Wabtec to merge with GE Transportation 21 May 2018 GE Transportation has a diesel locomotive production facility in Fort Worth, Texas. (Photo: Dave Lustig) INDUSTRY: Wabtec Corp has entered into a definitive agreement to merge with GE Transportation, the companies announced on May 21. The transaction is expected to close in early 2019, subject to…
General Electric confirmed it will merge its transportation business with Wabtec, a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company, while Wabtec shareholders will own the rest, the companies said in a statement. Pared back…
* Unloads parts of transportations unit in $11.1 bln deal * GE to receive $2.9 bln cash upfront * Resulting company to generate $8 bln in revenues * GE, shareholders to have 50.1 pct stake in merged firm (Adds details on the deal, Breakingviews link, updates shares) May 21 (Reuters) - General Electric Co announced…
Rio Tinto’s automated trains approved 18 May 2018 AUSTRALIA: Rio Tinto has been granted accreditation by Australia’s Office of the National Rail Safety Regulator, approving the autonomous operation of iron ore trains in the Pilbara region of Western Australia, the group announced on May 18. Confirming that the AutoHaul project is ‘on schedule to be…
Rail News Home Federal Legislation & Regulation 5/18/2018 Rail News: Federal Legislation & Regulation Canada commits federal funding for freight-rail projects in British Columbia Canadian Transport Minister Marc Garneau Photo – Transport Canada The Canadian government this week announced federal funding for several projects at the Port of Vancouver and Ashcroft Terminal in British Columbia…
Rail News Home Federal Legislation & Regulation 5/18/2018 Rail News: Federal Legislation & Regulation FTA: Minneapolis' amended Southwest light-rail project meets environmental regs The extension would connect major activity centers in the region. Photo – Eric Wheeler, Metro Transit The Federal Transit Administration (FTA) has determined that the Metropolitan Council's proposed changes to the Southwest…