Second Miami streetcar plan gets new life
A plan to implement streetcar service in Miami, originally proposed nine years ago, has been revived as a possible public-private partnership (PPP) initiative.
Author: Douglas John Bowen
RSI: 2Q railcar orders, deliveries flex muscle
The Railway Supply Institute on Friday, July 18, 2014, released its railcar industry order, delivery, and backlog statistics for the second quarter, with the data showing strong growth, which one analyst attributes largely to ongoing crude-by-rail (CBR) developments.
KCS reports strong 2Q results
Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.
LIRR strike averted as deal is struck
New York Gov. Andrew Cuomo announced Thursday, July 17, 2014, that an anticipated strike by Long Island Rail Road workers, due to begin Sunday, July 20, has been averted.
Strong gains for North American freight traffic
Railroads in all three major North American nations scored solid gains in freight rail traffic during the week ending July 12, 2014, the Association of American Railroads reported Thursday, July 17.
CP touts “strongest financial results” in 2Q
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up from C$252 million, or C$1.43 per share, in the comparable quarter of 2013.
NS releases latest sustainability report
Norfolk Southern Corp. released its latest “Connections” sustainability report Wednesday, July 16, 2014, detailing its ongoing efforts to contribute to a cleaner environment, a healthier economy, and stronger communities.
Obituary: Edson Tennyson, 1922-2014
Edson L. Tennyson, one of the most respected rail advocates across several decades spanning U.S. passenger rail’s decline and recovery, died at his home Monday, July 14, 2014, succumbing to bladder cancer. He was 92.
Record 2Q earnings, revenue, for CSX
CSX Corp. announced record second-quarter net earnings of $529 million, or 53 cents per share, Tuesday afternoon, July 15, 2014, after the closing bell on Wall Street. Results were up from $521 million, or 51 cents per share, in the comparable quarter in 2013. CSX also beat Wall Street consensus per share estimates, recently raised, of 52.2 cents.
MUNI employees ratify SFMTA contract
San Francisco Municipal Transportation Agency (SFMTA) said Tuesday, July 15, 2014 that “Transport Workers Union Local 250-A, which represents Municipal Railway (MUNI) transit operators, voted to ratify a new three-year agreement that increases wages, strengthens pension benefits, and is in line with the budget needs of the agency.”