China crash mars stellar HSR safety record
The collision of two high speed rail trains near Wenzhou, China, on July 23 has triggered doubt, both domestically and internationally, not of HSR’s viability but of China’s expertise to implement its
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San Antonio master plan eyes LRT, streetcars
San Antonio’s VIA Metropolitan Transit has adopted a master plan that includes adding both light rail transit and streetcar operations to its existing bus network. VIA Metro Transit’s Board unanimously approved the plan Tuesday, July 26, 2011.
Flooding bogs down CP 2Q profitability
Flooding kept Canadian Pacific from joining its Class I brethren in setting record-breaking second-quarter results, with CP Wednesday reporting its second-quarter net income fell to C$128 million (US$135.7 million), or 75 Canadian
NS notches 2Q earnings record
Norfolk Southern Tuesday reported record second-quarter net income of $557 million, 42% higher than the $392 million notched during the same quarter in 2010. Diluted earnings per share were a record $1.56,
Milwaukee OKs downtown streetcar plan
The city of Milwaukee’s Common Council, in a 10-5 vote Tuesday, approved a long-sought plan to establish a streetcar circulator for the city’s downtown.
Wabtec backlog hits record $1.51 billion
Wabtec Corp. has reported second-quarter results, including sales of $479 million, 28% more than the year-ago quarter, and a backlog of undelivered orders totaling $1.5 billion. The company also increased its full-year
Chile
Fairport, N.Y.-based RailComm says ithas been chosen to provide its Track Warrant Control (TWC) System for Chile’s Empresa de los Ferrocarriles del Estado (EFE). RailComm’s Domain Operations Controller (DOC®) train control system
CIT orders 5,000 new tank cars and hoppers
CIT Rail, which owns more than 100,000 railcars leased to approximately 500 customers in North America, has announced orders for 5,000 new tank cars and hoppers from “multiple manufacturers.” Deliveries are scheduled
Intermodal helps drive CN earnings up
CN Monday reported second-quarter results, saying its net income increased from the year-earlier quarter to C$538 million, with earnings per share rising 4% to C$1.18. Excluding a deferred income tax expense, adjusted
Progress Rail plans Brazil locomotive plant
Progress Rail Services plans to locate a locomotive manufacturing facility in Sete Lagoas in the state of Minas Gerais, Brazil, to serve the South American diesel-electric market. Progress Rail, a subsidiary of
San Diego LRT to get California highway funds
A reduced expansion plan for Interstate 5 in San Diego could free up nearly $800 million to be redirected to light rail transit (LRT) expansion, as well as pedestrian and bicycle improvements,
GE Transportation aids parent company earnings
Fairfield, Conn.-based General Electric Co. Friday reported second-quarter earnings of $3.7 billion, or 34 cents a share per share, up 17%, from the second quarter of 2010, despite a revenue decline of
KCS 2Q revenue and earnings rise
Kansas City Southern Friday reported second-quarter net income of $71 million, or 64 cents per diluted share, compared with $35 million, or 34 cents per diluted share, in the second quart of
MTA Chairman Walder resigns
Metropolitan Transportation Authority Chairman and CEO Jay H. Walder Thursday announced his resignation, effective October 21. Walder is headed for Hong Kong to serve as CEO of MTR Corp., and will also
Rail employment maintains steady gains
Employment numbers released Thursday by the Surface Transportation Board show Class I railroads continued to add personnel in June, measured both against year-ago levels and that of the previous month. Total employment
U.S. freight traffic
U.S. carload freight traffic fell 0.3% for the week ending July 16, compared with the same week a year ago, the Association of American Railroads said Thursday. But U.S. intermodal volume rose
UP reports record revenue and earnings
Despite damaging floods and rising fuel costs that negatively impacted the operating ratio, Union Pacific has reported record 2011 second-quarter net income of $785 million, an increase of 10% compared with the
ConnDOT ups M8 car order by 25
Connecticut Gov. Dannel P. Malloy has announced the Nutmeg State’s intention to purchase 25 additional M-8 electric multiple-unit (EMU) train cars for use by Metro-North Railroad on the New Haven Line. Connecticut
Bombardier TTC Rockets debut in Toronto
Toronto Transit Commission Thursday placed its first Toronto Rocket subway cars into revenue service in Canada’s largest city, with a six-car train expected to make the first run shortly after the end
DART submits streetcar plan to feds
Dallas Area Rapid Transit says it as submitted plans to the federal government updating Dallas’ proposed Oak Cliff streetcar line, linking downtown to the namesake neighborhood that, driven by citizen advocacy, has spearheaded the project.