NS budgets $2 billion for 2013 capex
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company said.
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company said.
Virginia Gov. Bob McDonnell on Thursday singled out a rail priority among numerous projects unveiled on Wednesday: restored passenger rail service to Roanoke, Va., in the state’s western reaches. McDonnell’s interest drew praise from Amtrak President and CEO Joseph Boardman.
Reauthorized rail safety legislation the implementation of two new laws on pipeline safety and hazardous materials safety are on the House Transportation and Infrastructure Committee’s agenda in 2013, according to the committee’s oversight plan released earlier this week.
U.S. freight carload traffic for the week ending Jan. 19, 2013 was down 3.5% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal volume kept its positive run going and then some, however, rising 13.5 compared with levels of one year ago.
Pro-rail advocates and officials in the city of Milwaukee, continuing to battle anti-rail partisans in the city’s namesake county and the state of Wisconsin, continue to plan the start of streetcar right-of-way construction, now set for early 2014.
Clackamas,Ore.-based United Streetcar, LLC has delivered the first of five streetcars ordered by nearby Portland, Ore., months behind original schedule.
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of 2011. Per-share earnings, however, did beat Wall Street analyst estimates by 11 cents. Net income for full-year 2012 was $1.7 billion, or $5.37 per diluted share, compared with $1.9 billion, or $5.45 per diluted share, earned in 2011.