GATX posts strong railcar results
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter 2011, a record. For the full year 2011, UP reported income of $3.3 billion or $6.72 per diluted share, another record. This compares with $2.8 billion or $5.53 per share in 2010. The Class I railroad also outlined its planned 2012 capital investment program of “around $3.6 billion.”
New York MTA Capital Construction (MTACC) says a study conducted by Parsons Brinckerhoff and reviewed by the U.S. Environmental Protection Agency found “no concerns that Second Avenue Subway construction is causing any danger to the public’s health.”
Canadian Pacific Railway said Thursday it has reached agreement with Canadian Tire Corp. Ltd., which extends to early 2017 and awards the railway with the vast majority of Canadian Tire’s domestic container
Canadian Pacfic on Thursday highlighted completed capital investments made to enhance its Locomotive Reliability Centre (LRC) in Toronto.
U.S. Class I railroads employed 159,717 workers in mid-December 2011, up 3.44% from a year earlier, though off 0.25% from November due to a seasonal drop in track maintenance employees.
CP sets 2012 capital plan Canadian Pacific Railway Wednesday announced that it will invest between C$1.1 billion and C$1.2 billion for infrastructure renewal, network enhancements, and expansion projects in 2012.
The AREMA Educational Foundation once again is offering scholarships to engineering students who are specializing in the railway industry and supports other educational and training endeavors that help to ensure the future of the profession.
L.B. Foster Co. is delivering rail and trackwork products valued at $3.4 million for the construction of 8.5 miles of track at the new Vallourec & Mannesmann Tubes Star Steel pipe mill in Youngstown, Ohio. The contractor is Wintrow Construction of Barberton, Ohio.
Members of three more unions have ratified new contracts with U.S. freight railroads, it was announced Tuesday.