Gary Colter named new CP chairman
Canadian Pacific Railway announced Thursday, May 1, 2014, the election of Gary F. Colter as chairman of the company’s Board of Directors.
Canadian Pacific Railway announced Thursday, May 1, 2014, the election of Gary F. Colter as chairman of the company’s Board of Directors.
The overall improved trend for U.S. freight rail traffic solidified during the week ending April 26, 2014, the Association of American Railroads reported Thursday, May 1, while North America’s two other large nations contributed to the good freight rail news as well.
CSX workers and others on Thursday, May 1, 2014, continued to assess the damage caused by a crude-by-rail (CBR) consist that derailed near downtown Lynchburg, Va., Wednesday afternoon, resulting in at least 12 derailed cars, three-to-four tank cars rupturing, burning oil, and oil slicks in the James River.
American Railcar Industries, Inc. reported a first-quarter profit of $20.8 million, or 97 cents per share, late Wednesday, April 30, 2014, after the closing bell on Wall Street. compared with $17.9 million, or 84 cents per share, in the corresponding period of 2013. That fell 16 cents short of Wall Street analyst estimates of $1.13 per share.
SunRail regional rail service will make an official debut Thursday, May 1, 2014, serving the Orlando, Fla., metropolitan area, one day after state and local officials marked the launch of the service Wednesday at a ceremony.
New York’s Metropolitan Transportation Authority (MTA) has officially launched a “next-generation energy storage system,” designed to allow the agency to function in the event of power disruptions from various sources.
Louisiana’s state capital is seeking $2 million in Transportation Investment Generating Economic Recovery (TIGER) funding to advance plans for a 3.0-mile streetcar line linking downtown Baton Rouge and Louisiana State University (LSU).
Trinity Industries on Tuesday, April 29, 2014, reported record net income of $226.4 million, or $2.85 per share, during its first quarter, up substantially from $79.1 million, or 99 cents per share, in the comparable quarter of 2013.
RAIL.ONE USA Corp. on Tuesday, April 29, 2014, held an opening ceremony for a $22 million concrete rail tie plant in Clinton, Iowa, located within the city’s Lincolnway Railport.
In a 6-to-2 vote, the U.S. Supreme Court has upheld Environmental Protection Agency (EPA) authority to regulate air pollution generated by coal plants that crosses state lines, putting additional pressure on coal as an energy source – and particularly electricity generation – and the railroads that deliver the fuel.