Europe's engineering and rail companies are lining up for some potentially lucrative U.S. contracts for high-speed rail projects. At stake is $13 billion in stimulus funds that the Obama administration is allocating to upgrade existing rail lines and build new ones that could one day rival Europe's fastest. U.S. Transportation Secretary Ray LaHood traveled through Europe this week, riding France's 200 mile-per-hour bullet train, and meeting officials from several companies eager for U.S. orders. Join discussion...

India’s railway minister Lalu Prasad is seeking to accelerate the progress on an ambitious $6 billion (Rs29,400 crore) project to manufacture electric and diesel locomotives at facilities in his home state of Bihar in an attempt to take it a step closer to finalization before the general election, scheduled to be held before May. Join discussion...