The economic downturn brought a great deal of hardship to carriers across the supply chain. Many shippers took the opportunity to re-bid their trucking contracts out of cycle, placing even more pressure on companies in the trucking sector.
Ongoing fiscal distress continues to roil New York’s subway operations, but system expansion literally is on a full bore.
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Bombardier Transportation announced Monday it has signed aUS$715 million agreement to exercise an option with Metrolinx for 182 Flexitylow-floor light rail transit cars, included in a June 2009 contract. Deliverywill begin in
Vancouver’s TransLink incentive to expand, and market, rail and transit options. The momentum is likely to continue.
Railway industry suppliers continue to test and deploy new systems, even in the face of the "Great Recession," according to a new survey conducted by the Railway Supply Institute (RSI) this spring.
Prudent and persistent capital investment has positioned Union Pacific for a robust recovery.
GATX Corp. has reported 2010 first-quarter net income of $18.7 million, or 40 cents per diluted share, compared to $27.6 million or $.56 per diluted share in the first quarter of 2009. Per-share earnings
Carload traffic on U.S. railroads continued to show “solid signs of recovery” during the week ended March 27, reaching its highest level since November 2008, according to the Association of American Railroads. U.S.
KeyBanc analyst Steve Barger has upgraded the shares of American Railcar Industries and the Greenbrier Cos. from "Hold" to "Buy" and, at the same time, reaffirmed his "Buy" rating on a third freight railcar