Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street’s consensus analyst estimates of $395 million, or 35 cents per share.
Seeking to improve capacity and reduce scheduling conflicts, MTA Long Island Rail Road Tuesday said it plans to begin double-tracking 12.6 miles of LIRR’s Ronkonkoma Branch route between Farmingdale and Ronkonkoma, N.Y., two years ahead of the previous schedule.
Deciding longer dwell times are preferable to fare evasion and fraud, Massachusetts Bay Transportation Authority on Tuesday expanded operating Green Line light rail transit service using only front-set doors during off-peak and weekend operations.
INIT said Tuesday that GO Transit, a division of Metrolinx, has chosen the company to deploy a new fleet management system for 47 GO Transit railcars, as well as 424 GO buses and 50 non-revenue vehicles.
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter’s long-expected cancelation of a $166 million maintenance contract.
Bombardier Transportation announced in Berlin Tuesday that it has joined the Metropolitan Atlanta Rapid Transit Authority (MARTA) in a demonstration project to enhance the safety of trackside rail transit workers.
The American Carbon Registry has presented Norfolk Southern its Corporate Excellence award for “making a public commitment to reducing CO2 emissions 10% below 2009 levels by 2014 and for reaching nearly 40%t of that five-year goal in the first year,” the railroad announced Tuesday.
Norfolk Southern announced that it will begin a $160 million expansion of its Bellevue rail yard in northern Ohio this month, doubling the yard’s capacity.
With the addition of the United States and Hungary, InnoTrans 2012 will have a record 32 countries mounting combined national and regional displays of their transport technology at the ninth InnoTrans in Berlin Sept. 18-23.
Saskatchewan’s provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
