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The article reports on the decline in railroad earnings in 1949 partly due to the steel and coal strikes. Carloadings in the first half of 1949 dropped by 10 percent from the same period in 1948. Despite the industry's declining earnings, Wall Street analysts predicted that railroad stocks will lead the market to a bull period. The Illinois Central revised downward its cost estimate for the new 40-hour workweek.

The article presents political news. The Journal of Commerce criticizes the action of the Secretary of the Treasury for "going out of his way," as it says, "to relieve the money market by anticipating payments of interest not yet due from the Treasury, and offering to purchase a portion of the unnatured debt." The affairs of the firm of Henry S. Ives & Co. have not yet been fully exposed, but sufficient is known to warrant some general reflections upon the state of business which enables an impecunious rascal to get possession of a first-class railroad aid within a few months clear out its treasury, overissue its stock to the extent of $10,000,000 or more and incur liabilities to the amount of $19,000,000.

The author shares his views about a profitable railroad portfolio. He declares that if American business is going to recover, the best of the railroad securities are great bargains. He believes that this is not the time for the far-seeing investor to purchase large amounts of the highest grade railroad bonds because they show little possibility of appreciation in the event of a recovery. He suggests the purchase of a short list of stocks because of their immense possibilities for appreciation.

The article discusses yield records achieved by U.S. railroad and industrial bonds in 1930. Topics addressed include the impact of bank selling on the bond market, the higher demand for government bonds, and the volume of corporate bonds forced on the market. Also mentioned are the accumulation of buying power for high-grade bonds, the re-investment of liquid funds, and the prices of bonds from railroad and industrial companies such as Chicago and North Western and American Rolling Mills Co.

The article explores the merger trend in the railroad industry in the U.S. as of April 15, 1930. Topics discussed include the development in trans-continental railroad system, the decline in money rates that stimulate the trend, and earnings difference among railroads depending on roads it serve. Among key players in the trend include Missouri Pacific Railroad, Chesapeake & Ohio Railway and Louisville & Nashville Railroad.

The article focuses on financing of the railroad system. The Chesapeake & Railway (C. & O.) Co. is asking authority to acquire control by stock ownership of the Erie Railroad and the Pere Marquette Railroad, and to issue 59,000,000 dollars of common stock to finance this acquisition. This plan was devised by a special committee of the board of directors of the C. & O. after the Commerce Commission, on March 2, 1926, had refused to authorize the previous Van Sweringen plan to unify the three roads involved with the Nickel Plate and Hocking Valley roads.

The article presents an analysis of the efficiency of President Franklin D. Roosevelt's borrow-and-lend program for government spending in the U.S. According to the author, the program would still be pursued despite oppositions and expenditures such as foreign loans will be reduced while others will be augmented. It also emphasizes that purchases of railroad equipment would be supported while application for the expansion of tenant farm purchase would depend on the decision of the Congress.

The article examines the optimism in the railroad stock market in the U.S. as of September 1, 1926. The bullishness in the stock market is reportedly caused by World War I and Great Depression which increased the capacity of railway systems, increased railroad operation efficiency, and reduced operating costs. Among favorable railroad stocks include the Baltimore and Ohio Railroad Co., the Chesapeake and Ohio Railway Co., and Missouri Pacific Railroad Co.

The article highlights the contribution of railroads to people's standard of living in the U.S. An overview of the financing of early railroads is presented. It shares the stories of the battle of the gauges at Erie, Pennsylvania and of the town of Columbus, Mississippi that show the important role played by railroads. The need for funds for the expansion of transportation and the predicted increase in transportation as the nation's population grows are discussed.

This section offers significant news briefs. The remaining bone of contention between the striking railway workers and railway operators is the refusal of the latter to restore seniority rights to the striking employees. The June report of 170 of U.S.'s 201 Class I railroads shows a net operating income of 70,601,448 U.S. dollars as compared to 47,979,901 U.S. dollars in June 1921. A price war in the automobile industry is predicted due to drastic cuts announced by some leading manufacturers.

The article presents an outlook for the stock market in the U.S. as of July 8, 1922. According to the author, the first phase of the bull market for the year has ended. Stocks of railroad companies have been performing better, as they were the first to recover from the market. The author believes that the best opportunities for profits are from transportation stocks including Atlantic Coast Line, Southern Pacific and Chesapeake & Ohio.

The author reflects on issues relating to politics and business in the U.S. as of September 1921. The author mentions Charles B. Seger, president of the U.S. Rubber Co., who joined the company at the beginning of 1919. The author adds that the coal magnates failed to earn the respect and confidence of the U.S. public and the workforce. The author also highlights the delay in government financing for railroads.

The article discusses the poor fiscal performance of U.S. railroads and major roads as of September 1954, and provides charts which compare their earnings in both 1953 and 1954 from January to July. It states that Class I railroads showed losses for the first seven months of 1954, as did the 130 big roads responsible for 99% of the country's rail and passenger traffic. A 13.5% reduction in overall traffic is reported, resulting in 13.8% drop in gross revenues worth 5.4 billion dollars and a 44.5% loss in net earnings worth 272 million dollars.

The article focuses on the increase in rail debts in the U.S. It says that debt growth has come when money has been oddly cheap, adding that the industry has borrowed money at low rentals and pruned total interest charges by refunding early long-term debts using bond issues at low rates. It also states that since 1947, most of the borrowed money has been on quite short-term paper, which mostly comprises equipment trust issues; however, it adds that rail management cannot be blamed.

The article reports on the decline in the U.S. railroad industry's profits as of April 1950. It states that profits of Class I railroads declined by around 37 percent in 1949 compared with 1948, marking the worst profit performance for the industry except in the 1946 period. Profits for 1950 is on course for another decline as earning for the first two months of the year remained below expectations, with the decline partly attributed to the coal strike. Stock analysts predict that eastern railroads will continue to perform poorly for the rest of 1950.

Proponents of the proposed bond-financed 86-mile railway in northeast Utah are hoping Congress or a U.S. Supreme Court review can advance the project. [ABSTRACT FROM AUTHOR]

The article reports that BNSF Railway has been running test trains or intermodal rail service in Houston and Dallas. Topics include that the BNSF test trains have moved about 4,000 containers; it aims to increase import volumes against the limits of trucking capacity; and aims to achieve highest supply of goods and services.

A proposed crude oil-transporting Utah railway project, which would be financed mostly with private-activity bonds, will head back to a federal agency after a key permit was rejected by a U.S. Appeals Court. A three-justice District of Columbia-based panel ruled last week that the U.S. Surface Transportation Board erred in approving an environmental impact statement (EIS) and biological opinion for the Uinta Basin Railway in 2021. [Extracted from the article]

(Bloomberg) -- Germany's air and rail services ground to a halt Monday during a one-day strike as workers join peers in France and the UK to fight for higher pay. The industrial action began at midnight Sunday for 24 hours and also affects some ports, with the Verdi and EVG transport and railway unions coming together in a strike that resulted in severe disruption to travel. [Extracted from the article]

The railway divides into 4 sections: 38km Tutuban-Malolos section 53km Malolos-Clark section 51.2km Malolos-Clark-Clark International airport1.9km connection to the existing Blumentritt station in Manila 56km Blumentritt-Calamba section 17.8km NSCR extension - Clark-New Clark City section Department of Transportation (DoTr) in November 2022 awarded the construction contract CP04 worth ¥114 billion for the Malolos-Tutuban section to Hitachi Rail. Japan International Cooperation Agency (JICA) is providing ¥377 billion ($2.86bn) funding to the Philippines government for 2 railway sections relating to the North-South Commuter Railway (NSCR). [Extracted from the article]

Once operational in 2025, GCRE will focus on the research, testing and certification of rolling stock, infrastructure and new technologies. The final facility will comprise: 550 hectares 9km electrified high speed rolling stock test track with a maximum speed of 177km/h 4km 65km/h infrastructure test track dual-platform test environment rolling stock storage maintenance facilities operations and control offices staff accommodation shunting staff facilities connections to nearby main line IP secure testing environments equipment, systems and communications development facilities education, training, visitor and conference facilities The project will be delivered in 3 phases: phase 1 - provision of sidings for rolling stock from June 2023 phase 2 - building of two electrified test loops, one high speed test loop 6.9km long and a 4.5km Infrastructure test loop together with supporting infrastructure and buildings from 2024 phase 3 - addition of expanded stabling, maintenance, and commissioning facilities along with research facilities, hotel, and business park in 2025 and ongoing Interested parties have until 28 February 2023 to submit expressions of interest (EOI) - at the time of writing, tender documentation could be found here… The Global Centre of Rail Excellence (GCRE), an SPV founded by the Welsh government in 2021, has launched a tender to find a private partner to fund the next stage of development of a new facility in South Wales. [Extracted from the article]

Asian Infrastructure Investment Bank (AIIB) is considering a $400 million loan to the Chinese government for a railway section in the western Greater Bay Area (GBA). The GFJZ railway aims to play a strategic role in achieving green and efficient interconnection within GBA and promoting balanced and inclusive regional development for cities in the western GBA. The GFJZ intercity rail will connect the Guang dong-Hong Kong-Macao GBA Intercity railway approved by the National Development and Reform Commission in 2020. [Extracted from the article]

(Bloomberg) -- Pakistan plans to speak with China to reduce the cost of its mega railways project by 40% since it can't afford such a huge loan, according to its minister. About 30% of Pakistan's foreign debt is owed to China, including state-owned commercial banks, the International Monetary Fund said in a report last year. [Extracted from the article]

LTG Infra, a Lithuanian full-spectrum infrastructure developer, has launched a tender for the design of rail infrastructure maintenance depots along the €1.05 billion ($1.1b) Rail Baltica route. The maintenance depots are to be built in: Kaunas Panevezys The facilities will include: administrative buildings rolling stock maintenance buildings fire and rescue training buildings warehouses storage depots service roads miscellaneous requisite infrastructure for the full functioning of the depots Rail Baltica is the largest railway infrastructure project in the history of the Baltic States, which will build a fully electrified double-track European gauge railway connecting: Warsaw Kaunas Vilnius Panevezys Riga Pärnu Tallinn The total length of the Rail Baltica route is 870 km 392 km in Lithuania 265 km in Latvia 213 km in Estonia The project is being funded via 2 tranches: Connecting Europe Facility of the European Union - 85% state funding - 15% The company has already submitted planning permission for the facilities and is hoping to award a tender by the end of Q2 2023 - LTG Infra is expecting the design work to be complete in H2 2024. [Extracted from the article]

HORD will also connect to Dedicated Freight Corridors (DFC) at Prithala station and to Indian Railways stations at: Palwal station Patli station Sultanpur station Asaudha station Harsana Kalan station The HORC project will benefit the industrial Hubs of Kharkhouda, Manesar and Sohna and help the overall connectivity within Haryana. Beijing-headquartered AIIB approved $128 million for the Haryana Orbital Rail Corridor (HORC) Part A project that will be developed in Haryana. Asian Infrastructure Investment Bank (AIIB) has approved a $128 million funding for a railway project in northern India. [Extracted from the article]

Sales in December were 15% higher on a like-for-like basis than a year earlier, when the omicron variant of the coronavirus dampened social outings, according to the Coffer CGA Business Tracker of managed hospitality groups. (Bloomberg) -- Britain's pubs, bars and restaurants had their best December sales in three year despite train strikes that wreaked havoc on festive plans, though optimism for the sector may be short-lived. [Extracted from the article]

Breaking Ranks Also on Wednesday, the bosses of three rail unions - Aslef, the TSSA and the RMT - told a House of Commons panel that they aren't close to resolving their disputes with employers. (Bloomberg) -- A deal may be in sight between UK rail unions and train-operating companies to draw to a close months of crippling rail strikes, government officials familiar with the matter said. [Extracted from the article]

The article offers information on the business operation of Southeastern Pennsylvania Transportation Authority and need for investments in the railroad firm. It mentions views of Jeff Knueppel, general manager at Southeastern Pennsylvania Transportation Authority, on the passenger equipment, investments, and railroad safety of the operation.

The article offers information on the Great Western Route Modernisation project headed by Sir Andy Pete, director of Network Rail Ltd. and was funded by £2,800 million.

The article discusses the history of commuter trains in the U.S. Topics discussed include origin of rail service in the early 19th century in urban areas, private railroads construction in the 20th century, development of rail services due to availability of government funding and shortage of energy, and role of firm Amtrak in development of railways.

The article recounts developments in the British railroad industry in 1987, including the government's investments for the development of the railway sector and the economic condition of the country and how it affects the railroad industry.

The Lagos State government has announced the completion of the Lagos Blue Line Rail, a rail infrastructure project aimed at easing transportation challenges in the city. The first phase of the project spans 13 kilometers and covers five stations, extending from Mile 2 to Marina. The construction started in 2010 and experienced some delays before being continued by the current government in 2019. The rail system is now ready for commissioning in January 2023 and has the capacity to move 250,000 passengers daily, with the entire project expected to accommodate 500,000 people daily. [Extracted from the article]

While the railroads were successful at boosting profit margins, they have angered customers and rail workers - the situation that is prompting the STB to intervene. But Union Pacific's interruptions "have a significant detrimental impact on the supply chain and the economy" because the company carries 27% of US rail freight and about 11% of all long-distance freight, the STB said. (Bloomberg) -- In this year's first 10 months, Union Pacific Corp. imposed almost 900 temporary halts on shipments - more the other major US railroads combined - to help head off or alleviate bottlenecks. [Extracted from the article]

The Trafigura and Mota-Engil-led consortium was awarded the contract in July (2022) A Trafigura and Mota-Engil-led consortium has signed a 30-year concession with Angola's Ministry of Transport for the $100 million railway contract within the Lobito Corridor. The redevelopment of the 1,344km railway line is part of the 1,866km Lobito Corridor Trade Facilitation Project which runs from Lobito on Angola's Atlantic coast to Ndola in the Democratic Republic of Congo (DRC). [Extracted from the article]

House Speaker Nancy Pelosi said at the White House that the House will consider legislation Wednesday to impose a tentative September agreement between unions and freight-rail companies that Biden helped broker. (Bloomberg) -- President Joe Biden urged lawmakers to quickly pass legislation to prevent a freight-rail strike as he met Tuesday with congressional leaders trying to assemble a bipartisan coalition to support the bill over union opposition. [Extracted from the article]

Italian construction companies Webuild and Salcef have won a €291 million ($289.6m) contract to upgrade a section of Romanian railway Caransebes-Timisoara-Arad to improve connections between Bucharest and the western part of the country. The section crosses an urban area of Timisoara and includes the construction of: 5 bridges 4 overpasses 3 stations The consortium's makeup is: Webuild - 72.1% Salcef - 27.9% The Rhine-Danube Corridor project, including Lot 3, is being financed by the Operational Programme for Large Infrastructure (POIM) for Romania and is aiming to increase traffic speed and capacity along the Caransebes-Timisoara-Arad railway between Bucharest and Timisoara. [Extracted from the article]

Ramping up clean energy for India's rail electricity needs is a tall order considering the South Asian nation relies on dirty coal to generate over 70% of its power. (Bloomberg) -- Indian Railways, a sprawling network that ranks among the world's largest, is a long way from generating the amount of clean energy it needs to become net carbon neutral by 2030, its own stated goal. [Extracted from the article]

(Bloomberg) -- Indian Railways, a sprawling network that ranks among the world's largest, is a long way from generating the amount of clean energy it needs to become net carbon neutral by 2030, its own stated goal. Ramping up clean energy for India's rail electricity needs is a tall order considering the South Asian nation relies on dirty coal to generate over 70% of its power. [Extracted from the article]

The Government of Canada has announced its plans to issue an RFQ seeking a private partner to DBFOM its High Frequency Rail (HFR) project early next year (2023). The HFR project will be the largest rail transport infrastructure project undertaken by Canada in decades and will transform intercity passenger travel between its major cities on the east coast. [Extracted from the article]