CSX Corp. Tuesday reported third-quarter net earnings of $455 million, down 2% from the $464 million in the third quarter of 2011. But earnings per share were up 2% year-over-year to 44 cents per share, compared with 43 cents per share in the 2011 quarter, and matching Wall Street consensus estimates.
Federal Transit Administrator Peter Rogoff was in Charlotte, N.C., Tuesday to announce a Federal Full Funding Grant Agreement (FFFGA) for the Lynx Blue Line light rail transit extension in Charlotte, N.C. , amounting to $580 million, half the cost of the project.
Pasadena, Calif.-based Jacobs Engineering Group Inc. said Tuesday it has been awarded a contract from the Washington State Department of Transportation (WSDOT) to provide on-call engineering and operations services in support of the agency’s capital rail improvement program and other rail projects.
Transportation Secretary Ray LaHood visited Detroit Monday with a suggestion that a Southeastern Michigan Transportation Authority might be better equipped to land federal funding for transportation projects, including assistance with a much-debated streetcar project.
Siemens Mobility light rail car #201 is slated to enter revenue service Tuesday for Houston MetroRail, after a ceremony was held Monday at MetroRail’s Rail Operations center.
New York City’s subways, which boast a daily ridership of more than five million, may raise single fares 11% from $2.25 to $2.50 next year or seek an equal increase in revenue through changes in incentives.
BNSF Railway says it will celebrate the completion of its new railroad bridge over the Mississippi River at Burlington, Iowa, with a public ceremony and reception this Thursday, Oct. 18.
Continuing a nationwide tour dispensing federal transit funds, Secretary of Transportation Ray LaHood on Friday bestowed $75 million to Mesa, Ariz., for a 3.1-mile extension of Valley Metro light rail transit more deeply into the municipality.
Transportation Secretary Ray LaHood Thursday officially affirmed $942.2 million in Federal Transit Administration funds to extend San Francisco’s Third Street light rail system through the city’s Chinatown neighborhood.
Chicago-based TTX Co. said Thursday Victoria A. Dudley is joining the company as vice president and chief financial officer, reporting to the president and CEO.