The Montreal, Maine and Atlantic Railway will cease transporting oil by rail, Chairman Ed Burkhardt has announced, ending crude-by-rail transport over MM&A right-of-way from North Dakota’s Bakken formation to a refinery in New Brunswick.
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the second quarter of 2012.
The California State Supreme Court, in an opinion issued Monday, Aug. 5, 2013, dismissed objections from “Neighbors for Smart Rail” objecting to Phase 2 construction of the Los Angeles Metro Gold Line.
The Andersons, Inc. announced Monday, Aug. 5, 2013, that it has entered into an agreement to acquire Mile Rail, LLC, a railcar repair and cleaning company headquartered in Kansas City, Mo.
Suppliers continue to refine and improve the machinery needed to keep costly but critical right-of-way components in top shape.
Domestic container volume continued to grow during the second quarter of 2013, up 9% measured against the comparable quarter in 2012, the Intermodal Association of North America (IANA) said Monday, Aug. 5, 2013.
An innovative project on Egyptian National Railways is an example of how small railroads can install PTC at a low cost.
The Los Angeles County Metropolitan Transportation Authority (Metro) has selected Atkins to serve as a general engineering consultant (GEC) in support of Metro’s rail network operations, maintenance, and expansion plans, Epsom, England-based Atkins said Aug. 5, 2013.
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2, 2013. That compared with net income of $5.6 million, or a gain of 46 cents per diluted share, in the second quarter of 2012.
Massachusetts Gov. Deval Patrick reiterated the Bay State’s support for restoration of passenger rail service between the Berkshire Mountains, in western Massachusetts, and New Yorkâbut Connecticut must be a contributing player, he says.