Anaheim City Council OKs streetcar proposal
The Anaheim, Calif., City Council, in a split 3-2 vote, has advanced a 3.2-mile streetcar plan that would serve, among other points, the original Disneyland.
news
Senior Program Officer, Transportation Research Board
Senior Program Officer
The Transportation Research Board (TRB) is one of six major divisions of the National Research Council—a private, nonprofit institution that is the principal operating agency of the National Academies in providing services to the government, the public, and the scientific and engineering communities.
CP touts “turnaround” as 3Q earnings beat Street
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in the third quarter of 2011. That surpassed Wall Street consensus expectations of C$1.23 per share.
Toronto subway extension faces delay
A Toronto Transit Commission report prepared Oct. 10, scheduled to be released Wednesday during a TTC meeting, says the TTC’s Toronto-York Spadina subway extension will be completed about one year behind schedule, moving the opening date back to roughly autumn, 2016.
Greenbrier names Isselmann corporate relations/communications head
The Greenbrier Cos. has appointed Jack Isselmann director of Corporate Relations and Communications.
NS 3Q earnings just beat lowered Street expectations
Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter of 2011. But earnings per share surpassed by one penny Wall Street consensus analysts’ latest target of $1.23 per share.
EMD power shines in Caterpillar colors
Caterpillar, the parent company of Progress Rail Services, of which Electro-Motive Diesel is a subsidiary, showcased a new EMD SD70ACe locomotive decked out in familiar yet new-for EMD colors—Caterpillar’s distinctive yellow, black, and gray scheme—at two venues during the past month: its 52,000-square-foot MINExpo International® 2012 exhibit in Las Vegas, and the Caterpillar Visitor Center grand opening event in Peoria, Ill., on Oct. 20.
Iowa Pacific acquires Cape Rail, Inc.
Chicago-based Iowa Pacific Holdings, LLC Tuesday announced its acquisition of a controlling interest in Cape Rail, Inc., and its subsidiaries, Massachusetts Coastal Railroad, LLC and Cape Cod Central Railroad.
CSX marks National Gateway “midway point”
CSX Chairman, President, and Chief Executive Officer Michael J. Ward Tuesday joined federal, state, and local officials from Pennsylvania to mark the midway point of progress on the first phase of projects for the National Gateway, the $850 million public-private partnership designed to improve freight rail traffic flows between the Midwest and the East Coast.
Wabtec reports “strong” 3Q earnings, sales
Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street consensus estimates. Net income attributable to Wabtec shareholders increased to $62.99 million from $46.60 million a year ago. The company’s third-quarter sales of $588 million was up 18% from the year-ago quarter.
QR National hires two North Americans
Australian railroad QR National Ltd. (QRN) has appointed two new senior executives to the company’s management team, both with extensive experience in the North American railway industry.
Hub’s 3Q intermodal revenue rises 11%
The Hub Group, Inc. Monday reported that its third-quarter intermodal revenue climbed 11% $444 million compared with the same period one year ago. Intermodal volume increased 9%.
CN notes 3Q results; sets stock repurchase plan
Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the third quarter of 2011. The results were in line with Wall Street consensus estimates of C$1.52 per share.
UP 150 Express on last leg of sesquicentennial trip
Steam locomotive No. 844 is on the final leg of the UP 150 Express tour to Houston’s Amtrak Station for the October 26-28 commemoration to President Abraham Lincoln’s signing of the Act of Congress that created the Union Pacific Railroad 150 years ago.
Transitions can be difficult
The death recently of A. E. (Ted) Michon reminded me just how difficult transitions can be for those who must go through them.
D.C. readies streetcar tests
Streetcar tests are slated to start this winter in Washington, D.C.’s Southeast, specifically in Anacostia along S. Capitol Street, according to the District Department of Transportation (DDOT). But a revenue service startup date is still uncertain.
Signal Engineers and CAD Operators, Isis Consultants
Isis Consultants is seeking experienced senior or junior railroad signal engineers and CAD operators for its Louisville, KY office and nationwide.
Employment growth slows in September, dips from August
Figures released by the Surface Transportation Board Friday show Class I railroads employed 160,428 people in mid-September, up a modest 0.12% from September 2011, but down 1.39% (95 employees) from August 2012.
GE Transportation powers parent’s 3Q earnings
Erie, Pa.-based GE Transportation notched revenue of $1.4 billion in the third quarter, up 9% from the same period a year ago, and a profit of $265 million, up 35% from $197 million in the third quarter of 2011.
KCS posts record third-quarter revenues
Despite record revenue for the third quarter, Kansas City Southern earnings of $90 million, or 82 cents per share, fell from $99.8 million, or 91 cents per share, in the comparable quarter in 2011, due in part to a higher Mexican tax bill affecting its Kansas City Southern de Mexico operations.