CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials Conference in New York on Wednesday, Dec. 3, 2014.
Cincinnati has been assigned the fiscal streetcar burden foisted on other cities, in its case by a judge declaring Duke Energy is not responsible for the cost of moving utilities under streetcar rights-of-way in the city.
The Federal Transit Administration has pledged about $996 million in “New Starts” funding to support extension of Massachusetts Bay Transportation Authority’s (MBTA) Green Line from Cambridge to Somerville and Medford.
A report prepared by The Brattle Group on Tuesday, Dec. 2, 2014, states that a new proposed rule on railroad tank cars could cost the U.S. economy as much as $60 billion.
The Surface Transportation Board has decided, somewhat reluctantly, to thrash out a trackage rights dispute raised by a BNSF request to acquire “terminal trackage rights over a single track jointly owned by Kansas City Southern Railway Company and Union Pacific Railroad Company.”
Thales Chairman and CEO Jean-Bernard Levy has tendered his resignation to the company’s Board of Directors, ending a stint at the helm of the company that began in 2012.
Huber+Suhner says it has been awarded a contract by Hitachi Rail Europe to supply a range of its RADOX® cables and SENCITY® Rail antennas for use in the train control and safety systems of the Intercity Express Program (IEP) Class 800/801 trains in the United Kingdom.
U.S. freight carload traffic declined during the week ending Nov. 22, 2014, ending a long winning streak, the Association of American Railroads reported, though intermodal volume and overall U.S. rail traffic still scored gains.
Greenville, S.C.-based Greenville & Western Railway Co. (GRLW) has opened its Big Creek Machinery Distribution Hub, located in Williamston, S.C., President and CEO Steven C. Hawkins says.
Arcadis US has been awarded a $26 million “task order” contract by MTA New York City Transit to, essentially, weatherproof huge swaths of the city’s subway system inundated by Superstorm Sandy in October 2012.