Railfanning.org News Wire

The N.J. Transit Board of Directors on July 15 adopted a $1.34 billion Operating Budget and a $1.19 billion Capital Program for Fiscal Year 2005 (FY05), and avoided increasing the system’s fares, officials said.

Event recorders, the train equivalent of an airplane’s “black box,” will be improved to make sure critical information survives train accidents according to a proposed rule issued June 30 by the Federal Railroad Administration (FRA).

Canadian Pacific Railway (CPR) and Norfolk Southern Railway (NSR) on June 30 signed a memorandum of understanding for an exchange of trackage rights, freight haulage and yard services that both railroads say will increase operational efficiency and enhance rail service to customers.