ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Baltimore suspends light rail services for emergency inspections

Maryland transportation officials on Friday temporarily suspended light rail service in the Baltimore area for emergency inspections of the entire railcar fleet.

Transportation officials in Maryland temporarily suspended light rail service in the Baltimore area Friday to perform emergency inspections of the whole fleet.

The Maryland Transit Administration announced Thursday afternoon that the suspension was due to a potential problem uncovered during a recent inspection, and the agency will initiate an accelerated inspection and correction plan. Shuttle buses will be provided at all stations.

Inspections and repairs for the agency's 53 railcars, which are 24 to 31 years old, will begin immediately, MTA administrator Holly Arnold said at a news conference Thursday. Once at least eight railcars are available, limited service will be restored, and full service will resume once all repairs are complete.

MARYLAND PROPOSES MULTIBILLION-DOLLAR TRANSPORTATION SPENDING CUT

Inspections performed after a Oct. 21 fire revealed that high-voltage conduits on the vehicles have been punctured, Arnold said. The agency also found problems with the cables that connect cars, which have caused six smoke events since 2021, she said.

The light rail system, which runs from Hunt Valley, north of the city, to Baltimore-Washington International Thurgood Marshall Airport to the city's south, sees about 10,000 riders per day, Arnold said.

Arnold said in a social media post on Friday that the teams have been "working nonstop on vehicle inspections and are beginning repairs."

Thousands depend on the light rail, and city officials have been working to identify workaround solutions for residents, especially those in Baltimore’s historically underserved communities, and ensure that services resume in a timely manner, Mayor Brandon Scott said in a statement.

"A prolonged suspension of services is simply unacceptable, and we will be doing everything in our power to ensure MTA addresses the necessary repairs as quickly as possible," he said.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.