CN posts strong earnings, revises outlook upward
Canadian National earned net income of C$631 million in this year’s second quarter, or C$1.44 per diluted share, up from C$538 million, or C$1.18 per diluted share, in the second quarter of 2011.
Canadian National earned net income of C$631 million in this year’s second quarter, or C$1.44 per diluted share, up from C$538 million, or C$1.18 per diluted share, in the second quarter of 2011.
L.B. Foster Co. said Wednesday it has been awarded the company’s largest rail products contract, valued at approximately $60 million, by contractor Kiewit/Kobayashi, a joint venture for the construction of the Honolulu Authority for Rapid Transportation (HART) passenger transit system in Hawaii.
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
Rail Logistics Tuesday said that due to “continued growth,” the company’s Cold Train service is expanding its Washington State-based refrigerated container fleet to 300 state-of-the-art 53-foot containers (built by Hyundai), and will also be expanding its service territory this year.
Bombardier Transportation said Tuesday that it and consortium partner Vossloh Kiepe has signed an option to supply 20 additional Flexity Swift light rail vehicles (LRVs) to Transport for Greater Manchester’s (TfGM’s) Metrolink system.
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute’s American Railway Car Institute (ARCI) Committee.
Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to roughly $1.4 billion.
The Arlington County Board in Virginia voted Saturday to spend $2.4 billion during the next decade for numerous infrastructure projects, including investment in its two streetcar lines, each extending from Metrorail’s Pentagon City Station.
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second quarter of 2011.
New York’s Metropolitan Transportation Authority Thursday said it would add or extend regional rail, subway, and bus services, most of which had been curtailed or discontinued due to earlier budget crises.