Wabtec reports record 1Q earnings
Wilmerdering, Pa.-based Wabtec Corp. Tuesday reported record earnings and sales in its first quarter, and increased its 2011 earnings guidance. Earnings per diluted share of 85 cents, totaling $41 million, in the
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CP cites weather for first-quarter results
Canadian Pacific Railway Ltd. says severe winter weather cut into volume and increased costs during its first quarter, resulting in earnings of C$33.7 million, or 21 Canadian cents per share. That’s down
RiverLINE: Injury-free for seven years
The staff of NJ Transit’s RiverLINE diesel light rail system, which runs between Trenton and Camden, N.J., over a right-of-way shared with Conrail freight trains, recently celebrated seven continuous years of operation
Wi-Tronix aids MBTA water services
Bolingbrook, Ill.-based Wi-Tronix®, LLC said Tuesday that Massachusetts Bay Transit Authority (MBTA) has deployed Wi-Tronix monitoring systems on two of its ferry boats, the Flying Cloud and Lightning. Wi-Tronix says the system
San Diego sets 40-year transport plan
Metropolitan San Diego has released a 40-year regional transportation development plan which emphasizes light rail expansion, continuing the area’s growing commitment to LRT since it became the first U.S. city to implement
LRT part of Ore.-Wash. bridge plan
The governors of Oregon and Washington Monday prepared to announce general agreement on a new bridge spanning the Columbia River over Interstate 5 that will include room for light rail transit, as
KCS 1Q earnings and revenue rise
Kansas City Southern Thursday reported first-quarter net income of $63 million, or 58 cents per diluted share, compared with $33 million, or 34 cents per diluted share, in the first quarter of
GATX Rail segment posts higher earnings
GATX Corp. reported Thursday that its Rail segment earned a net profit of $51.6 million in the first quarter of 2011, compared with $49.3 million in the 2010 first quarter. “As we
AAR terms U.S. freight traffic
U.S. freight carload traffic slipped 0.3% for the week ending April 16, measured against the comparable week of a year ago, the Association of American Railroads reported Thursday. But U.S. intermodal volume
Portland Streetcar expansion proceeds
Portland, Ore.’s City Council, in a 4-1 vote Wednesday, approved plans to expand the city’s growing streetcar line from the city’s South Waterfront to suburban enclave Lake Oswego, south of Portland. The
GE Transportation touts Pa. economic impact
Erie, Pa.-based GE Transportation has publicized results of a study it commissioned to evaluate its value to the Commonwealth of Pennsylvania – and finds its activities are valuable to the state. GE
M/W numbers boost Class I employment
Continuing a slow, steady rise, employment on U.S. Class I railroads reached 155,842, in mid-March, up 0.87% from February and a 4.42% improvement over March 2010. Train crew employment (transportation, train and
UP 1Q earnings rise 24%
Union Pacific Corp. Wednesday reported first-quarter earnings of $639 million, or $1.29 per share, up nearly 24% from $516 million, or $1.01 per share, in the first quarter of 2010. But those
Hazmat shippers assail RailAmerica plan
RailAmerica, Inc. says a “a special-interest group” including the American Chemistry Council, the Chlorine Institute, and the Fertilizer Institute is seeking to halt implementation of enhanced safety measures applying to transportation of
CSX 1Q earnings rise 30%
CSX Corp. has reported first-quarter earnings of $395 million, or $1.06 per share, up 30% from the comparable quarter in 2010. Revenue of $2.81 billion was up 13% from the year-ago quarter.
Port of Corpus Christi taps R.J. Corman Railpower
R. J. Corman Railpower says the Port of Corpus Christi Authority (POCCA) has purchased a repowered RP14BD GenSet locomotive, with delivery planned for late this summer. Partially funded through the National Clean
Nashville weighs streetcar, LRT, BRT options
Nashville’s Metropolitan Transit Authority is seeking residential input for improving transportation along Broadway/West End in the city’s downtown district. MTA spokeswoman Patricia Harris Morehead says the agency has begun holding public hearings
Sacramento LRT addition set for August debut
The Sacramento Regional Transit District said Wednesday its light rail transit Green Line will open in August to revenue service, five months behind schedule. RTD had planned to open the line in
New Jersey spends to avoid fed bill
New Jersey has spent more than $800,000 during the past two months in its legal battle to avoid reimbursing the U.S. Department of Transportation for funding originally intended for a trans-Hudson River
Amtrak taps railfans to bolster security
Mirroring or mimicking the earlier actions of Class I freight railroad BNSF, Amtrak Monday said it hopes to use the railfan community to help bolster the railroad’s own safety, using that base