Santa Ana next in line for LRT?
Expanding light rail transit reach in the Los Angeles basin could next include a 20-mile LRT line from LA’s Union Station to downtown Santa Ana, in Orange County, Calif.
Expanding light rail transit reach in the Los Angeles basin could next include a 20-mile LRT line from LA’s Union Station to downtown Santa Ana, in Orange County, Calif.
Iowa Pacific Holdings, LLC and the Adirondack Rail Preservation Society (ARPS) have reached a Memorandum of Understanding to establish tourist passenger service on the Adirondack Railroad, linking its namesake state park in upstate New York to New York City with Pullman sleeping car service.
For the week ending Oct. 20, 2012, a key difference in the continuing slump in U.S. freight carload traffic is the number of commodity groups affected, according to data released Thursday by the Association of American Railroads.
American Railcar Industries, Inc. late Wednesday reported third-quarter net earnings of $14 million, or 66 cents per share, which ARI said was “a new quarterly record,” and up dramatically from $4 million, or 19 cents a share, in the third quarter of 2011.
The Andersons, Inc. announced the start of construction on a 27,300 square-foot railcar paint and blast shop adjacent to its repair facility in Maumee, Ohio. The facility is to be completed in the spring 2013.
Trinity Industries late Wednesday reported year-over-year third-quarter revenue growth of 19% and earnings per common diluted share growth of 100%.
The Anaheim, Calif., City Council, in a split 3-2 vote, has advanced a 3.2-mile streetcar plan that would serve, among other points, the original Disneyland.
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in the third quarter of 2011. That surpassed Wall Street consensus expectations of C$1.23 per share.
A Toronto Transit Commission report prepared Oct. 10, scheduled to be released Wednesday during a TTC meeting, says the TTC’s Toronto-York Spadina subway extension will be completed about one year behind schedule, moving the opening date back to roughly autumn, 2016.
Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter of 2011. But earnings per share surpassed by one penny Wall Street consensus analysts’ latest target of $1.23 per share.