Kinder Morgan Energy Partners, L.P. and Martin Midstream Partners L.P. have formed a joint venture, Pecos Valley Producer Services LLC, to develop a rail terminal in Pecos, Tex., to serve the growing oil and natural gas industries in the Permian Basin.
Groundbreaking ceremonies took place Friday in Petaluma, Calif., marking the start of construction of Sonoma Marin Area Rail Transit (SMART) passenger rail work for the two counties, north of San Francisco.
In case you haven’t figured this out already, the urban rail transit mode currently in vogue these days is … streetcars! And this is a good thing, because they were generally an extremely popular and cost-effective mode in their stride, and should never have been ripped out of North America’s cities (or anywhere else for that matter). Big mistake.
L.B. Foster Thursday reported fourth-quarter net income of $6.1 million, or 60 cents per diluted share, compared to $6.2 million or 60 cents per diluted share, in the same quarter of 2010.
Southeast Pennsylvania Transportation Authority has awarded a contract to Ansaldo STS USA, worth roughly $100 million, for installation of Positive Train Control on SEPTA’s regional rail system, serving five counties.
American Railcar Industries, Inc. expressed satisfaction with its fourth-quarter and full year revenue and earnings, and also voice cautious optimism on the year ahead.
Class I railroads employed 159, 333 people in mid-January, up 3.93% from January 2011, but down 0.24% overall from last December, according to figures provided by the Surface Transportation Board.
U.S. freight carload traffic for the week ending Feb. 18, 2012 declined 5.2% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal volume for the week also retreated, down 5.6%, compared with the same week last year.
Norfolk Southern says it cannot support a current plan for commuter rail service linking Charlotte and Mt. Mourne, N.C., calling the idea “fatally flawed.”
Kansas City Southern Railway Company (KCSR) has taken out a $54.6 million Federal Railroad Administration-administered Railroad Rehabilitation and Improvement Financing (RRIF) Program loan to purchase 30 new General Electric ES44AC diesel-electric locomotives.
Atlanta-based RMI Wednesday said it has reached a five-year agreement with RailAmerica, Inc. for the implementation of RMI’s ExpressYard Car Repair Billing (CRB) and Operations Management Software System.
Fairport, N.Y.-based RailComm said Wednesday CSX Transportation has expanded its Domain Operations Controller (DOC®) system located at Boyles Yard in Birmingham, Ala.
Unitrac Railroad Materials, Inc. said Wednesday it has received a three-year contract to supply special trackwork to the Washington Metropolitan Area Transit Authority (WMATA), valued at approximately $8 million over the three-year period.
Wabtec Corp. Tuesday reported sales of $1.97 billion and GAAP earnings per diluted share of $3.51, both records, for 2011. Non-GAAP EPS was $3.70, excluding special items disclosed in the second quarter.
The Surface Transportation Board announced that it will hold a public hearing March 22 “to explore the impact of the Berkshire Hathaway, Inc. acquisition of the Burlington Northern Santa Fe Corp. on certain costing determinations.” The board will look at the effect of the $43 billion purchase price on its annual Uniform Rail Costing System (URCS) and revenue-adequacy findings for BNSF.
Canadian Pacific on Friday requested the Federal Minister of Labour appoint a conciliator “to assist in progressing discussions on a new agreement, involving legacy pensions, with the union representing the company’s Canadian train crew employees and rail traffic controllers.”
Last weekend was the start of Speed Week, which hopefully culminates on Monday night , Feb. 27, with the rain-postponed running of The Great American Race, the Daytona 500.
Canadian National said Friday it plans to invest C$1.75 billion in 2012 to maintain and upgrade its railway network, support growth and productivity initiatives, and continue to provide customers with a high level of service.
Possibly due to any outcry of protest from numerous transport groups—and certainly due in part to defections within Republican House ranks—the House of Representatives has moved to delay consideration of any surface
Norfolk Southern Corp. said Friday it has earned the top ranking among railroads in the S&P 500 Clean Capitalism Ranking, published by Corporate Knights, a media, research, and financial products.
