KCS earnings soar, operating ratio plunges
Kansas City Southern reported a second-quarter 2010 profit of $34.6 million, or 34 cents a share, compared with $6.5 million or seven cents a share in last year’s second quarter, thus easily
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BNSF resets fuel surcharge base
BNSF late Monday announced that the strike price, the Highway Diesel Fuel (HDF) price at which BNSF will assess a fuel surcharge, will be reset from $1.25 per gallon to $2.50 per
DOT sets loans for Denver Union Station Project
Transportation Secretary Ray LaHood announced the award of just over $300 million in federal loans to the Denver Union Station project, which will include a light rail terminal consisting of three tracks and
Cross-border traffic resumes at Laredo
Kansas City Southern’s Mexican subsidiary, Kansas City Southern de Mexico, reopened the flood-damaged Anahuac Bridge lateSaturday and said it expected to operate 25 to 30 trains over the Nuevo Laredo gateway by late Monday. It
NYCT: All 1,662 R160 cars are in service
MTA New York City Transit announced that the final units of a 1,662-RF160 car order have now been delivered by the joint venture of Alstom and Kawasaki and are in service on
Wisconsin & Southern taps RailComm
Fairport, N.Y.-based RailComm said Monday it has provided the Track Warrant Control (TWC) system for the Wisconsin & Southern Railroad Co. RailComm’s state-of-the-art Domain Operations Controller (DOC®) train control system is accessed
CAF kicks off Amtrak fleet renewal program
Amtrak’s long-awaited fleet renewal program finally got under way late Friday, July 24, when the railroad awarded a five-year, $298.1 million contract to CAF USA for 130 new single-level “Viewliner 2” passenger
Draft EIS issued for proposed new Corman line
The Surface Transportation Board announced Friday that its Section of Environmental Analysis has issued the Draft Environmental Impact Statement for the proposed construction, operation, and reactivation of a 20-mile rail line between Wallaceton and Gorton,
Bombardier pockets new orders in Poland, India
Bombardier Transportation announced in Berlin Friday that along with consortium partner Vossloh Kiepe it has won an order from the Krakow, Poland, for 14 low-floor FLEXITY Classic trams valued at $76 million. Bombardier’s share is
AAR lauds Senate FREIGHT bill
The Association of American Railroads Thursday enthusiastically threw its support behind the “Focusing Resources, EconomicInvestment and Guidance to Help Transportation (FREIGHT) Act of 2010,” introduced earlier in the day by Sen. Frank
CN second-quarter earnings rise
Canadian National late Thursday reported second-quarter earnings of C$534 million (US$514 million), or C$1.13 a share, compared with C$387 million, or 82 Canadian cents a share, in the second quarter of 2009.
Key vote advances New York’s Moynihan Station
New York State’s Public Authorities Control Board has approved a first-phase portion, worth about $267 million, to advance construction of the long-planned Moynihan Station in Manhattan. The station, currently the James A.
GATX: Leasing market “challenging”
GATX reported mixed results for the second quarter Thursday with the following comment by Brian A. Kenney, president and chief executive officer: "The North American railcar leasing market continues to be challenging. Although GATX’s
Freight car backlog up on July 1
Manufacturers reported a backlog of 14,930 freight cars on order and undelivered as of July 1, up from 12,990 on April 1 and 10,462 on Dec. 31, 2009, according to the Railway
Freight traffic gains; still trails 2008 levels
U.S. freight carload traffic for the week ended July 17,2010, was up 5.5% compared with its comparable week in 2009, but still trailed 2008 “pre-recession” levels by 13.8%, the Association of American
Transit modernization needs put at $77 billion
The Federal Transit Administration released a study Wednesday that found transit systems need $77.7 billion to bring their systems to a state of good repair and an additional a $14.4 billion a year
Operating ratio at record low as UP earnings soar
Union Pacific earned second-quarter net income of $711 million, or $1.40 per diluted share, compared to $465 million, or $0.92 per diluted share, in the same quarter last year. Wall Street had expected per-share
ALK Technologies releases PC*MILER Web Services 24
Princeton, N.J.-based ALK Technologies, Inc. Wednesday announced its release of PC*MILER Web Services 24. This hosted interfacing application provides industry-standard PC*MILER map data and functionality quickly and efficiently to customers, regardless of
Hub intermodal revenue up 26% in quarter
Hub Group, Inc. reported Wednesday that second-quarter intermodal revenue rose 26% to $320 million compared with the same period last year, an increase attributable to a 25% volume increase and an 8%
Small business loans to soothe St. Paul LRT woes
A $1.5 million fund to assist small businesses in St. Paul was announced Tuesday by the Metropolitan Council, in a move to “minimize any disruptive effects of building the Central Corridor light