Neither U.S. freight carload traffic nor U.S. intermodal volume posted gains in the week ending February 21, 2015, the Association of American Railroads reported Wednesday, Feb. 25 — while Canada and Mexico also traffic also slipped.
A Metrolink train on the system’s Ventura County Line hit a truck abandoned at a road-rail grade crossing near Oxnard, Calif., Tuesday morning, Feb. 24, 2015, resulting in numerous injuries, among them four passengers and the train’s engineer in critical condition.
Ontario Environment Minister Glen Murray has ruled no environmental assessment will be needed to electrify the Union Pearson Express (UPX) route linking Toronto’s Union Station and Lester B. Pearson International Airport.
Figures released by the Surface Transportation Board Monday, February 23, 2015, show total Class I railroad employment as of mid-January 2015 rose 1.41% over January 2014 levels, but retreated 3.67% from mid-December 2014 employment numbers.
Massachusetts Bay Transporation Authority said Monday, Feb. 23, 2015 it has restored normal service frequency to all branches and stations throughout its core subway and trolley system (the “T”) in Greater Boston, including restoration of the hard-hit Mattapan Line.
OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City.
Transportation Secretary Anthony Foxx announced Friday, Feb. 20, 2015 a proposed rule “to increase oversight responsibilities of State Safety Oversight Agencies (SSOAs) by replacing the existing outdated regulatory framework with one designed to better evaluate the effectiveness of a rail transit agency’s system safety program.”
Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status.
St. Charles. Mo.-based American Railcar Industries Inc. reported fourth-quarter net income of $22.7 million, or $1.06 per share, late Wednesday, Feb. 18, 2015, after the closing bell on Wall Street. Net income was up 3% from the comparable quarter in 2013. The results fell short of Wall Street analyst consensus expectations of $1.09 per share.
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as “solid” results.