Rolls-Royce (OTC: RYCEY) today announced that it is on track to complete initial F130 engine testing for the United States Air Force B-52J Stratofortress by the end of the year. Continued Rapid Twin Pod Tests at NASA Stennis Space Center in Mississippi have accomplished all of Rolls-Royce’s initial goals and allowed for the gathering of unprecedented amounts of data early in the program, further de-risking the integration of the F130 engine onto the B-52J.
In September 2021, Rolls-Royce F130 engines were selected by the Air Force to replace the existing powerplants in the B-52 fleet, with over 600 new engine deliveries expected. The new engines will extend the life of the B-52 aircraft for 30 years and are so durable they are expected to remain on wing for the remainder of the aircraft life.
F130 engines will be manufactured, assembled and tested at Rolls-Royce facilities in Indianapolis, the company’s largest production facility in the U.S. The F130 is derived from the Rolls-Royce BR family of commercial engines, with over 30 million hours of operation and a high reliability rate. It’s a proven, dependable engine with a fuel-efficient design.
Amtrak fans across the country may soon spot a few freshly painted locomotives featuring new anniversary logos rolling down the tracks as America’s Railroad® celebrates 50 years of service this year. The first of six different commemorative 50th anniversary locomotives has already entered service on the national network.
“We chose locomotives already budgeted for new paint as part of our life cycle preventative maintenance program and used the opportunity to celebrate this significant milestone on the most iconic component of our business,” said Amtrak President Stephen Gardner. “The locomotive designs uniquely honor our heritage and our vision of connecting communities, economies and families nationwide.”
The commemorative locomotive list includes:
P42 #46 in “Phase V 50th” – The standard Amtrak livery for the past two decades with our “Connecting America for 50 Years” slogan including a large golden yellow 50.
P42 in “Midnight Blue”: An all new one-of-a-kind paint scheme celebrating the dedication and commitment of our employees moving people around the clock and across the nation.
P42 in “Phase VI” – The first adaptation of the latest Amtrak livery phase on a P42.
P42 in “Phase I” – A rendition of Amtrak’s first livery phase dating back to 1972.
P42 in “Dash 8 Phase III” – The award-winning livery designed for the Dash 8 locomotive fleet in the early 90s, adapted for the first time to a P42 locomotive.
ALC-42 #301 in “Day 1” scheme – A historic throwback to the unique design created for the first day of operations on May 1, 1971, applied to Amtrak’s newest locomotive.
Each P42 locomotive is being painted and overhauled at the Amtrak Beech Grove shops in Beech Grove, Ind., rolling out over the coming months and entering service across the national network. Employees will also ensure that these locomotives are maintained to high performance and safety standards. ALC-42 #301 is currently being manufactured by Siemens in Sacramento, Calif. and is expected to be delivered in April to undergo testing in the Northeast Corridor before entering service on the national network.
In addition to the commemorative locomotives, 50th Anniversary collectible items are also now available for purchase at the Amtrak store, including t-shirts, glasses, a challenge coin, pins and other celebratory Amtrak gear.
JERSEY CITY, N.J., /PRNewswire/ — WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts (NASDAQ: WYNN), announces that it received conditionally approved last week for sports gaming in Tennessee. The Sports Wagering Committee of the Tennessee Education Lottery Corporation’s Board of Directors approved WynnBET to operate its online sports betting app throughout the state, pending fulfillment of statutory and regulatory requirements to go-live.
Tennessee marks the ninth state that WynnBET has gained market access to as the Company fast-tracks its growth plan to meet the demands of the quickly moving online and mobile sports betting industry.
Inspired by Wynn Resorts unmatched expertise in customer service and sophisticated brand experience, the WynnBET app offers an ultra-intuitive and highly responsive interface that delivers hundreds of sports betting options to delight both aficionados and beginners alike. With its acquisition of BetBull in 2020, WynnBET is built on a foundation of highly social sports-betting technology and one-of-a-kind experiences so that wagering and winning can be a celebrated and shared experience.
WynnBET is currently available in New Jersey, Colorado, and Michigan. In addition, WynnBET has market access opportunities in Indiana[1]*, Iowa*, Massachusetts*, Nevada, Ohio*, and now Tennessee; and has submitted for licensure in Virginia. Such market access and licensure are subject to legalization and required approvals by regulatory authorities in each jurisdiction.
Amtrak today released renderings and other information about the first of the diesel-electric locomotives that will replace the current fleet on the National Network, including all long distance and many state-sponsored routes.
Five of the first six locomotives will have this version of our current Phase VI paint scheme (a “livery” in trade terms) and one will be painted to recognize next year’s 50th anniversary of the inauguration of Amtrak service. A final livery will be unveiled later as part of a fleet-wide plan.
The ALC-42 series was developed by Amtrak with Siemens Mobility and is equipped with the latest safety systems, including Positive Train Control and Crash Energy Management. They have Alternating Current Propulsion for a maximum speed of 125 mph. The 16-cylinder Cummins QSK95 engine has Tier 4 Emissions Technology to reduce nitrogen oxide by more than 89 percent and particulate matter by 95 percent, while providing a savings in diesel fuel consumption and reaching Amtrak Sustainability goals.
The initial order of 75 new locomotives was first announced by Amtrak in December 2018, with deliveries expected through 2024. Amtrak also has a provision to order additional ALC-42 locomotives.
They are similar to the SC-44 locomotives purchased by some state agencies and operated by Amtrak, but have greater fuel capacity for longer routes and increased Head End Power generating capacity for bigger trains. A multitude of other upgrades will also lead to longer maintenance intervals. The front of the ALC-42 locomotive will serve as a “new face of Amtrak” in much of the U.S. and is designed to enhance safety, aesthetics and to simplify repairs.
The new locomotives are designated as ALC-42 for “Amtrak Long-distance Charger, 4,200-horsepower” and are in production in Sacramento, Calif. They will primarily replace Amtrak P40 and P42 diesel-electric locomotives. Although modern when bought in the 90s, the P-series locomotives have been intensively used for more than 25 years, lack up to date technology and do not achieve Tier 4 emissions standards.
Amtrak is purchasing the new locomotives through available funds and fulfills “Buy American” provisions. Siemens Mobility has suppliers across the United States to support locomotive production, including Cummins, which manufactures the diesel engines in Seymour, Indiana.
These new locomotives are part of Amtrak’s long-term planned series of improvements for fleet, infrastructure and stations, including new Acela trainsets now undergoing tests to begin service next year. Improvements are ongoing at New York Penn Station and Moynihan Train Hall, in addition to expanded development of the major stations at Washington, D.C., Baltimore, Philadelphia and Chicago.
DETROIT (Reuters) – Ford Motor Co is putting more chips on a bet that it can profit from selling electric vans to delivery businesses that need to reduce carbon emissions.
Ford will roll out an all-electric version of its Transit van for North America in model year 2022, mirroring the timetable for launching a similar model for the European market, the company said on Tuesday in conjunction with the NTEA Work Truck Show in Indianapolis.
“Our electric bet as a company is different than our competitors,” Ford Chief Operating Officer Jim Farley said in an interview. “The most critical bet we will be making over the next several years will be our commercial vehicles.”
Two of three electric vehicles Ford has announced as part of an $11.5 billion investment in electrification through 2022 are aimed at commercial customers – the Transit and an electric version of the company’s best-selling model, the F-150 pickup.
Ford’s Mustang Mach-E electric SUV represents a low-volume challenge to electric luxury vehicle market leader Tesla Inc.
The electric Transit and F-150 will play in market segments Ford dominates in the United States and Europe.
“Half of the vehicles doing work in the U.S. are Ford Motor Co vehicles,” Farley said. Ford is also the No. 1 commercial vehicle brand in Europe, and has led the commercial van market in Britain, which is Europe’s largest, for 55 years.
Regulators in Europe and in some U.S. cities are stepping up pressure on businesses to replace diesel or gasoline-fueled delivery vans with electric models to reduce pollution in city centers.
In the United States, Amazon.com Inc, has ordered 100,000 electric delivery vans from start-up Rivian, the first of which will be delivered in 2021 and built in Normal, Illinois. Ford has a separate partnership with Rivian.
The electric Transit will not be related to the Rivian van, said Ted Cannis, Ford’s director of electrification.
The new Transit will be an early test of the company’s efforts to deploy new connectivity technology and services to go with it, Farley said.
Ford said the electric Transit will be built in America and cost more than the gasoline-powered version, which starts at $34,500. Research firm Auto Forecast Solutions said it will be built in Kansas City, Missouri, along with the gasoline version.
Supplier sources who asked not to be identified said Ford will launch production in late 2021, with plans to build around 2,000 that year and increase to 14,000 annually by 2023.
(Reporting by Ben Klayman in Detroit; Additional reporting by Paul Lienert; Editing by Richard Chang)
WASHINGTON (Reuters) – Toyota Motor Corp <TM> said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.
The largest Japanese automaker also said it will end production of the Toyota Sequoia in Indiana by 2022 as that facility focuses on mid-size SUV’s and minivans.
Toyota will shift production of the Sequoia in 2022 to Texas and that plant will end production of the Tacoma by late 2021.
Toyota has been building Tacoma trucks at its Baja California plant in Mexico since 2004. Last month, Toyota’s Guanajuato plant began assembly of the Tacoma.
Toyota said its production capacity for the Tacoma in Mexico will be about 266,000 per year. Last year, the automaker sold nearly 249,000 Tacoma pickup trucks in the United States, up 1.3%.
Toyota said the product moves were to “improve the operational speed, competitiveness and transformation at its North American vehicle assembly plants based on platforms and common architectures.”
The new North American trade agreement approved by the U.S. Senate on Thursday ensures that automakers will still be able to build pickup trucks in Mexico without facing new punitive tariffs.
In February, Fiat Chrysler Automobiles NV <FCAU> said it was reversing plans to shift production of heavy-duty trucks from Mexico to Michigan in 2020, freeing a Michigan facility to produce Jeeps.
Toyota said Friday it completed a $1.3 billion modernization investment in its Indiana operations to add 550 jobs. Toyota said there would be no reduction to direct jobs at any of Toyota’s facilities across North America as a result of the vehicle moves.
(Reporting by David Shepardson; Editing by Chris Reese)
Comlux has placed a new order for an ACJ320neo, re-affirming its role as the largest single customer for the aircraft and taking its total orders for the type to four. The deal means that Comlux has now ordered a total of 20 Airbus corporate jets. Cabin outfitting will be done by Comlux Completion in Indianapolis.
“Airbus and Comlux have both made a business out of setting new standards, of which the ACJ320neo and our growing fleet of them are the latest examples,” said Comlux Chairman and CEO Richard Gaona. “We are already the largest customer for ACJ320neo Family aircraft, all powered by the new CFM International LEAP-1A engine. Together with our extensive outfitting experience, plus four NEO cabins booked for completion at our centre in Indianapolis, we are in a leading position.”
The ACJ320neo is derived from the Airbus A320neo Family, which features new engines and wingtip-mounted Sharklets.
“Time-saving comfort and aircraft availability are vital in the corporate jet world, and our airliner heritage enables us to deliver more of these with the ACJ320neo Family than anyone else plus the benefit of unbeatable life-cycle costs,” said ACJ President Benoit Defforge.
Corporate jet orders and commitments for A320neo Family-derived aircraft now total 15.
The ACJ319neo flies eight passengers 6,750 nm/12,500 km or more than 15 hours, while the ACJ320neo can transport 25 passengers 6,000 nm/11,100 km or more than 13 hours.
Both aircraft capitalise on the modern design of the A320 Family and its airliner heritage, which bring the enhanced protection of fly-by-wire controls, the cost and time-saving benefits of centralised maintenance. This means the aircraft hold their value better over time.
Airlines and corporate jet customers have ordered almost 15,000 A320 Family aircraft to date, with more than 800 of the new A320neo version already serving airlines worldwide.
Around 200 Airbus corporate jets are in service worldwide, flying on every continent, including Antarctica.
About Airbus Corporate Jets
Airbus Corporate Jets (ACJ) creates the world’s most rewarding flying experiences for customers by providing them with unique expertise, the finest service, best technology and highest standards of care in corporate aviation. All Airbus corporate jets come from the most modern aircraft family on the market, derived from Airbus’ successful market-leading jetliners.
PEORIA, Ill., July 19, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens”). The proposal to approve the merger agreement and the transactions contemplated thereby was approved with voting results as follows:
Under the terms of the merger agreement, BRX will acquire through merger all of the outstanding shares of Pioneer’s Class A common stock. Shareholders other than Heartland will receive $18.81 per share in cash and the Heartland shares will be cancelled without consideration.
Consummation of the merger remains subject to various closing conditions, including operating performance by Pioneer within a specified working capital floor and debt ceiling. Subject to satisfaction of the closing conditions, the transaction is expected to close in late July 2019. Upon closing of the transaction, Pioneer will become a wholly-owned subsidiary of BRX and its Class A common stock will cease trading on the OTC Markets.
Arnold & Porter is acting as legal advisor to BRX in this transaction. BMO Capital Markets is serving as exclusive financial advisor to Pioneer in connection with this transaction and Briggs and Morgan, P.A. is acting as Pioneer’s legal advisor.
About Pioneer Pioneer Railcorp is the parent company of 15 short-line common carrier railroad operations, an equipment leasing company, two service companies and a contract services switching company. Pioneer and its subsidiaries operate in the following states: Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee. For more information on Pioneer, please visit www.Pioneer-Railcorp.com
About Brookhaven Brookhaven Rail Partners is an affiliate of Denver-based Brookhaven Capital Partners, a privately held, real estate and infrastructure investment and management firm. Brookhaven and its principals have a 25-year track record of investing in, operating and developing critical transportation assets that support industry, and promote new economic development, community investment, and job creation. For more information on Brookhaven, please visit www.BrookhavenPartners.com
FLINT, Mich. (Reuters) – General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant in Michigan, to boost production of heavy duty trucks by another 40,000 vehicles a year.
Reuss announced the investment at the Flint truck assembly plant wearing a United Auto Workers pin.
The Detroit automaker announced in February it was adding 1,000 jobs in Flint to build a new generation of heavy-duty pickup trucks.
GM did not say that the latest investment would add more jobs at the plant, but Reuss said there could be opportunities to add workers as the launch of the automaker’s new trucks progresses.
FILE PHOTO: A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint
GM has been under pressure from U.S. President Donald Trump and lawmakers of both parties to add jobs in the United States after it said last November it would idle a small car assembly plant in Lordstown, Ohio, and had no new products for three other U.S. manufacturing plants.
The Flint investment will include upgrades to the plant’s conveyors and other new tooling, and will be completed in the first half of 2020. GM has invested more than $1.6 billion in the plant since 2013.
Last month, GM said it would invest $24 million to increase truck production at its assembly plant in Fort Wayne, Indiana, which makes Chevrolet Silverado and GMC Sierra models.
FILE PHOTO: The frames of Chevrolet 2019 heavy-duty pickup trucks sit on the assembly line in the paint department at General Motors Flint Assembly Plant
Sales of heavy-duty pickups in the United States have grown to more than 600,000 vehicles a year, up more than 20 percent since 2013, according to industry data. Prices for luxury models can easily top $70,000.
GM’s Chevrolet and GMC brands have long trailed Ford Motor Co’s F-series heavy duty trucks in the lucrative segment. The new Chevrolet and GMC heavy duty trucks have been re-engineered to tow heavier trailers, and keep pace in what has become an arms race among the Detroit Three automakers to claim superior torque and towing capability.
(Reporting by Joe White in Detroit and Sanjana Shivdas in Bengaluru; Editing by Sriraj Kalluvila and Nick Zieminski)
FILE PHOTO: A General Motors Co. assembly worker does quality control checks on the paint of Chevrolet 2019 heavy-duty pickup trucks in Flint
