Amtrak said Thursday it is “creating a new Emergency Management and Corporate Security department to integrate existing company-wide efforts into a single, cohesive unit to more effectively prepare for emergencies and disasters, mitigate their effects and allow for fast and efficient response and recovery.”
{youtube}eabJvwIqb-o{/youtube}
Dallas-based Trinity Industries Inc., aided by its Rail Group, late Wednesday reported a first-quarter net profit of $52.9 million or 66 cents per share, compared with $24.2 million, or 30 cents per share, in the first quarter of 2011. Earnings beat the Wall Street consensus estimate of 51 cents per share.
U.S. freight carload traffic again fell short of year-ago levels in the latest week ending April 21, 2012, down 3.6% when measured against the comparable week in 2011, the Association of American Railroads said Thursday. U.S. intermodal volume, by contrast, continued its mirror-image advance, up 6.0% for the week compared with a year ago.
GATX Corp. reported Thursday that its Rail segment earned a profit of $58.6 million in the first quarter of 2012 vs. $51.6 million in the year-ago quarter. GATX said the improvement was driven by “increasing lease rates and lower maintenance expense due to the high renewal success rate in North America.”
Bombardier Transportation said Thursday the design of its Berlin FLEXITY model has “received the Universal Design and Consumer Favourite Award 2012 in Hannover,” Germany.
Axion Power International Inc. said Thursday it has received an order from Norfolk Southern Corp. for lead-carbon (PbC) batteries for use in a battery-powered locomotive.
Progress Rail Services Corp. says it has reached an agreement with Exeter, Calif.-based San Joaquin Valley Railroad, a RailAmerica subsidiary, to supply four repowered, low-emissions PR30B locomotives.
RailAmerica, Inc. reported late Wednesday that first-quarter revenue increased 15% to $143.4 million from $124.9 million in the first quarter last year. 2011. Freight revenue increased 10% to $107.8 million with average revenue per car up 7% and carloads up 3%. Non-freight revenue increased 30% to $35.6 million.
Stephen J. Morello, who has served for the past year as deputy director of communications in the office of New York Governor Andrew M. Cuomo, is joining the Metropolitan Transportation Authority as
Illinois Governor Pat Quinn and the Illinois General Assembly have proclaimed July 1, 2012, as “Union Pacific Railroad Day” in Illinois to honor UP during its year-long 150th anniversary celebration.
Forty-five Norfolk Southern chemical customers have earned the railroad’s Thoroughbred Chemical Safety Award for their safe handling of chemical products in 2011.
Indiana Rail Road Company (INRD) President and Chief Executive Officer Tom Hoback accepted Railway Age’s 2012 “Regional Railroad of the Year” award at the American Short Line and Regional Railroad Association’s national convention in Indianapolis April 24.
CSX’s “Play It Safe Around Railroad Tracks” public safety program and its sponsorship of Regan Smith and Furniture Row Racing in the NASCAR Sprint Cup Series are part of the company’s Beyond Our Rails corporate citizenship program.
Norfolk Southern late Tuesday reported net income of $410 million ($1.23 per diluted share), up 26% from the first quarter of 2011. This included a $58 million non-cash charge that reduced net income by $36 million, or $0.10 per diluted share.
GE Transportation has launched a new a new portfolio of rail signaling and train control systems called Tempo Railway Solutions. Among Tempo’s offerings are ETCS (European Train Control System) technology and a Computer Based Interlocking system, both of which were introduced today at the UIC ERTMS (European Rail Traffic Management System) World Conference 2012 in Stockholm, Sweden.
Wabtec Corp. on Tuesday reported record results for the 2012 first quarter. Sales were a best-ever $583 million, 28% higher than the year-ago quarter, due to strength in the Freight Group.
