FreightCar America, Inc. on Monday reported second-quarter revenue of $181.2 million and net income of $5.6 million, or 46 cents per diluted share, compared with revenue of $97.6 million and net income of $200,000, or two cents per diluted share, in the second quarter of 2011. Revenue was $219.1 million and net income was $9.7 million, or 81 cents per diluted share, in the first quarter of 2012.
Caltrain said Monday it will receive $3.2 million in federal Department of Transportation grant funds to install an advanced signal system needed to support modernized Caltrain service and the eventual addition of high speed rail, part of the Golden State’s “blended” approach to HSR.
Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
The Ft. Lauderdale/Hollywood airport runway extension project in Broward County is producing a mini-boom in traffic for Florida East Coast Railway.
Bombardier Transportation announced Friday that it has signed a contract with the Port Authority of New York & New Jersey to provide operations and maintenance services for the AirTrain system at Newark Liberty International Airport for a further 10 years. The contract, which includes a capital asset improvement program, is valued at approximately $243 million and becomes effective Aug. 2.
Amtrak
Albany (Hudson) Line C&S Positions
The Amtrak Communications and Signals (C&S) department is seeking qualified applicants for the following positions: Electronic Technician Communications, Electronic Technician Signals, Signal Maintainer, and Inspector Foreman C&S.
Genesee & Wyoming Inc. and a new subsidiary, KeRail Inc., have entered into an agreement with Tata Steel Minerals Canada Ltd. (TSMC) for KeRail to provide transportation for the 4.2 million tons of iron ore TSMC expects to ship annually from a mine it is developing near Schefferville, Quebec in the Labrador Trough. As part of the agreement, KeRail will construct an approximately 21-km (13..6- mile) rail line that will connect TSMC’s mine to the Tshiuetin Rail Transportation (TSH) interchange point in Schefferville.
The Association of American Railroads reported Thursday that rail intermodal volume in July was 946,071 trailers and containers, up 5.6% compared with July 2011. U.S. rail carloads totaled 1,103,733, off 0.7%, compared with July 2011. The July 2012 weekly intermodal average of 236,518 trailers and containers was the highest July average in history. The association says the numbers are on track for a record year in 2012.
L.B. Foster Co. announced Thursday a contract to provide 89,175 of its CXTA Concrete Ties for the Sonoma-Marin Area Rail Transit (SMART) project. The CXT ties, equipped for Pandrol Fastclip rail fasteners, are to be installed on the new San Francisco Bay Area rail system connecting Sonoma County to the Larkspur Ferry Terminal in Marin County, north of San Francisco.
Amtrak
Michigan Line C&S Positions
The Amtrak Communications and Signals (C&S) department is seeking qualified applicants for the following positions: Electronic Technician Radio, Electronic Technician Communications,
(Effective July 14, 2016) SINGLE POSTING: 30 days online $350 FIVE POSTINGS: (must be used within one year) $1,500 YOUR LOGO INCLUDED in job posting (Must be 200 pixels wide,
(Effective December 01, 2013) SINGLE POSTING: 30 days online $325 FIVE POSTINGS: (must be used within one year) $1,200 YOUR LOGO INCLUDED in job posting (Must be 200 pixels wide,
A leading manufacturer of freight rail equipment, has an immediate opening for the position of Parts Sales Manager in its sales department located in Chicago, Il. The primary function of this position is to lead, plan, and execute direct marketing and sales activities for the railcar parts business in agreement with the approved business plan.
Norfolk Southern has always sought to broaden the experience of its senior management team. In keeping with that philosophy, John P. Rathbone was named executive vice president finance and chief financial officer, and James A. Squires was named executive vice president administration.
The Michigan Department of Transportation (MDOT) has awarded an on-call contract to Parsons Brinckerhoff (a Balfour Beatty company) for construction services in support of the agency’s efforts to implement accelerated rail services along the higher-speed rail (HrSR) corridor between Chicago and Pontiac/Detroit.
Greenwich, Conn.-based Genesee & Wyoming Inc. announced Wednesday that subsidiary Genesee & Wyoming Australia Pty Ltd. (GWA) purchased an intermodal and freight terminal in Alice Springs, Northern Territory, from Asciano Services Pty Ltd. (AIO). As part of the transaction GWA is selling AIO a fuel sales business and other assets in the township of Cook, South Australia.
In train operations, the railroads continue to post impressive safety gains. This year’s first five months, according to preliminary counts released Tuesday by the Federal Railroad Administration, saw declines of 33.3% in collision, to 46 from 69; 22.8% in derailments, to 484 from 627; and 19.0% in yard accidents, to 374 from 463.
The Surface Transportation Board, which has put as much effort into not attracting attention to itself as it has to deciding disputes between railroads and their customers, seems to be shifting to a more activist approach to the tasks assigned it by Congress.
The Port Authority of New York & New Jersey reported July 31 that ExpressRail, its rail system serving New York and New Jersey marine terminals, reported a record 10% increase in cargo transported during the first half of 2012.
Economic Planning Associates, noting that demand for certain freight car types has weakened, has released figures reducing its forecast for 2012 by approximately 3,000 units. EPA said deliveries will rebound beginning in 2014.
