Progress Rail sets short line locomotive pact
Progress Rail Services Corp. says it has reached an agreement with Exeter, Calif.-based San Joaquin Valley Railroad, a RailAmerica subsidiary, to supply four repowered, low-emissions PR30B locomotives.
Author: Douglas John Bowen
RailAmerica: Operating income up 57%
RailAmerica, Inc. reported late Wednesday that first-quarter revenue increased 15% to $143.4 million from $124.9 million in the first quarter last year. 2011. Freight revenue increased 10% to $107.8 million with average revenue per car up 7% and carloads up 3%. Non-freight revenue increased 30% to $35.6 million.
GE Transportation reports strong revenue gain
Erie, Pa.-based GE Transportation Friday reported a “segment profit” of $232 million in the first quarter of 2012, up 48% from the same quarter a year ago. Revenue of $1.3 billion rose 41% measured against the first quarter of last year.
Amtrak, All Aboard Florida: We can co-exist
Far from being threatened by Florida East Coast Railway’s All Aboard Florida passenger rail proposal, Amtrak has signaled that the service would be welcomed, and even offer symbiotic benefits to the national rail passenger carrier.
CP trumpets 1Q earnings ahead of proxy battle
Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly as well, at 82 Canadian cents per share for the first quarter, up 62 Canadian cents or 310% from a year ago.
U.S. carload freight down again, intermodal up
U.S. freight carload traffic for the week ending April 14, 2012 continued to fall short of 2011 levels, down 6.4% measured against the comparable week last year, the Association of American Railroads reported Thursday.
UP 1Q profit up 35%
Union Pacific Thursday reported its first-quarter profit was $863 million, or $1.79 per share, in the first quarter of 2012, up dramatically from $639 million, or $1.29 per share, in the first quarter of 2011, and handily beating Wall Street expectations of $1.64 per share.
Bombardier touts regional rail ERTMS application
Bombardier Transportation said Thursday it has delivered “the world’s first application of a European Rail Traffic Management System (ERTMS) regional solution on the Västerdal line in Sweden.”
Denver RTD: Kiewit LRT bid “worthy”
Initially caught off-guard from an unsolicited bid March 8 by Kiewit Infrastructure Group to build a FasTracks light rail transit line, Denver’s Regional Tranportation District Wednesday said it has evaluated the bid, “and has found it worthy of moving forward to a competitive procurement process.”
Oklahoma short line gets trackage rights
The Surface Transportation Board Wednesday announced approval of a trackage rights exemption sought be WFEC Railroad Co. “to grant limited nonexclusive overhead trackage rights to Kiamichi Railroad LLC (KRR), over its entire line” of roughly 15 miles.