Cyclonaire announces launch of a new website
Cyclonaire Corp. says it has launched a new website at www.cyclonaire.com., “designed to educate the user on the products and capabilities of Cyclonaire. The site features a quick and easy path to
news
“Simplified Standards” results in confusing rate case
After winning a rate case against Union Pacific, chlorine shipper U.S. Magnesium LLC could recoup $1 million over the next five years, according to the Surface Transportation Board. The proceeding was handled
Updated report for STB warns of rate-cut consequences
Christensen Associates Inc., an independent consulting team studying rail competitiveness for the Surface Transportation Board, has issued a new report finding that "rate increases since 2004 were driven by fluctuating fuel prices and other costs
U.S. rail traffic up slightly from last year
U. S. rail freight traffic is showing "slight improvement" over 2009 but remains "sharply down" when compared with pre-recession 2008, the Association for American Railroads said today. For the week ending Jan.
L. B. Foster earnings falter in weak market
L.B. Foster Co. today reported net income of $3.9 million or $0.38 per share in the fourth quarter of 2009, compared to net income of $5.7 million or $0.55 per share in
Wabtec outlook: “Flat to slightly up”
With business expected to be "flat or slightly up," Wabtec Corp. today issued 2010 earnings per share guidance of $2.35-$2.50. The company had not previously issued 2010 guidance. Wabtec also updated its
President, VP announce $8 billion for high speed rail projects
President Barack Obamaand Vice President Joe Biden announced that the U.S. Department ofTransportation is awarding $8 billion to states across the country to developAmerica’s first nationwide program of high-speed intercity passenger railservice.
KCS cuts operating ratio, beats Street
In last year’s fourth quarter, Kansas City Southern earned $32.0 million, or 33 cents ashare, on $406.8 million in revenue. While earnings declined 17.5% from the prior-year quarter, they exceeded the 29
CP earnings top Wall Street estimate
Cost controlhelped Canadian Pacific Railway Ltd report a fourth-quarter 2009 profit thatafter special items amounted to 94 Canadian cents a share, beating Wall Streetexpectations of 88 cents The Wall Street estimate is
Waging a defensive war
The battle between railroads and their price-sensitive customers over legislation that would re-regulate the railroads has become open warfare. Price-sensitive customers like to call themselves captive shippers; perhaps that makes them objects of sympathy, something that gigantic companies have a hard time convincing rational observers.
After fourth-quarter decline, Norfolk Southern looks to growth
For fourth-quarter 2009, Norfolk Southern today reported net income of $307 million,or $0.82 per diluted share (slightly below Wall Street’s estimate of $0.84), vs. $452 million, or $1.21 per diluted share, a
President picks Florida to announce HSR grants
President Obama and Vice President Biden are speaking at the University of Tampa during a town hall meeting Thursday, Jan. 28, beginning at 12:30 p.m., to announce the recipients of $8 billion
Mongeau remaking CN top management
Claude Mongeau (top left), CN’s newly appointed president and chief executive officer, has taken some key steps in putting together his Leadership Team, “a key step in driving CN to the next
CN fourth-quarter operating ratio increases
CN Tuesday reported that net income and diluted earnings per share for the final quarter of 2009 increased 2.0% from the year-earlier period to C$582 million and C$1.23, respectively. Fourth-quarter 2009 revenue declined 14% from
Two Army rail bridges will be nearly all recycled plastic
Demolition of two existing short rail bridges is now under way at the Ft. Eustis Army Transportation Corp. base in Virginia to make way for two new bridges that will consist almost entirely of
NYMTA security plan: Late and nearly broke
New York State Comptroller Thomas DiNapoli has issued a statement saying the cost of an electronic security plan for the Metropolitan Transportation Authority has increased from $591 million to $833 million, with only $59 million
BNSF touts reduction in intermodal transit times
BNSF Railway said Tuesday it has reduced transit schedules on 60% of its Domestic Intermodal Premium Container traffic, and added 16 more days of service. The changes include a reduction in travel
Miratech V-CAT catalyst gets patent boost
Tulsa, Okla.-based Miratech Corp., which designs and manufactures emission control products, says it has been notified that the Patent Cooperation Treaty (PCT) application submitted for its V-CAT® catalyst has been accepted. Suchacceptance
RZD, Rusnano seek to apply nanotechnology to rail needs
Russian Railways Tuesday signed an agreement with Moscow-based Russian Corporation of Nanotechnologies (Rusnano) for a strategic partnership in introducing and commercializing nanotechnology in railway transportation. The agreement sets out a mechanism for introducing
Oregon DOT rejects short line purchase effort
Oregon’s Department of Transportation has rejected an application for funding by the Siskiyou Regional Railroad Authority (in California) to apply toward the Siskiyou Summit line, which straddles the California-Oregon border. The authority,