Wabtec Corporation said April 12 that it expects first-quarter 2012 earnings per diluted share to be about $1.20, and has increased its 2012 full-year EPS guidance to about $4.80, based on anticipated revenue growth of about 12%. Previously, the company’s full-year guidance was for EPS of about $4.30 on revenue growth of about 10%.
The Association of American Railroads today reported that rail carload traffic for the week ending April 7, 2012, fell 7.7% compared to the prior-year week, with U.S. railroads originating 270,974 carloads. Intermodal
Union Pacific has named 74 companies as annual Pinnacle Award recipients for chemical transportation safety.
Cubic Transportation Systems has introduced Nextaccount, which it describes as “the first of several new products in Cubic’s solution systems portfolio for the next generation of fully integrated Automated Fare Collection (AFC) systems.”
Now in its sixth year, Norfolk Southern’s “Train Your Brain” public safety program has reminded more than half a million people “to be smart and alert around highway-rail grade crossings and to avoid trespassing on railroad property,” the railroad notes.
Amtrak Wednesday said it was on pace to “set another new annual ridership record, as passenger counts across its national network for the first six months of fiscal year 2012 (October 2011-March 2012) are up 3.7% over the same period last year, when the current record was established.”
Cincinnati has selected CAF USA to provide five streetcars for the city’s streetcar line, under construction since a Feb. 17 groundbreaking ceremony.
A question that’s been bugging me of late has to with what the short line scene will look like in 2016. I’m looking strictly at the commodities where most non-Class I carriers earn their bread and butter — the so-called merchandise sector, that is, everything but intermodal, coal, and automotive, from parts to finished vehicles. And the trends are not encouraging.
The stage has been set for Canadian Pacific’s annual shareholders meeting on May 17, where hedge fund Pershing Square Capital Management will attempt a takeover of CP and replace the railroad’s president, Fred Green, and board of directors with its own candidates.
R.J. Corman Railroad Group says that R.J. Corman Switching Co. has formed a partnership with Toyota to provide railcar switching, vehicle shuttling, vehicle loading, and track maintenance at the new Blue Springs, Miss., Toyota Corolla plant.
Jacksonville, Fla.-based RailAmerica, Inc. announced that it has completed the acquisition of a 20% interest in the Wellsboro & Corning Railroad and Industrial Waste Group from Myles Group for approximately $18 million.
Toyota Logistics Services recognized Union Pacific Railroad as the top rail transportation provider with its 2011 President’s Award. UP received the award for its high level of overall logistics excellence among rail carriers, the Class I carrier noted Monday.
The George Department of Transportation has filed with the Surface Transportation Board for an Abandonment Exemption, in order “to abandon a 3.12-mile line of railroad between milepost 469.15 and milepost 472.27, which comprises a portion of a line known as the L&N Belt, in Fulton County, Ga. (West End Property).”
Metropolitan Atlanta Rapid Transit Authority’s Board of Directors on Monday voted to advance its $3.5 billion rail expansion plan, still subject to approval by voter referendum this July.
TRANSCAER® (Transportation Community Awareness and Emergency Response) has honored several Class I railroads, and one short line, with the organization’s 2011 National Awards.
Groundbreaking ceremonies for streetcar construction in Tucson, Ariz., are set for this Thursday, 11:00 a.m. local time, while in Tempe, Ariz., initial utilities work on that city’s planned streetcar route has commenced.
New Orleans Monday adjusted its road closures as it continues advancing its 1.5-mile, $45 million streetcar extension along Loyola Avenue.
The Greenbrier Cos. Monday reported net earnings of $17.7 million, or 57 cents per diluted share, in its fiscal second quarter ending Feb. 29, 2012, compared with a net loss of $550,000, or two cents per diluted share, in the comparable 2011 quarter.
Washington, D.C.’s District Department of Transportation has chosen United Streetcar, LLC—again—to supply two streetcars for use on DDOT’s H Street/Benning Road Line in the city’s Northeast.
Dallas Area Rapid Transit Monday is running its first light rail transit test train on the five-mile extension of the Orange Line into Irving, Tex. The train will travel from Bachman Station to the Irving Convention Center.
