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.
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.
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.
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.
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.
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. 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.
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 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.”
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.”
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.