RailComm aids NECR bridge operation
Fairport, N.Y.-based RailComm said Wednesday it has provided remote control for a New England Central Railroad bridge.
Fairport, N.Y.-based RailComm said Wednesday it has provided remote control for a New England Central Railroad bridge.
In conjunction with bestowing the Harriman Awards for corporate rail safety on Tuesday in Washington, D.C., industry leaders also took time to honor individual employees notching significant safety achievements, who were honored with the 2011 Harold F. Hammond Award. Receiving recognition for outstanding safety achievement during 2011 were — Joseph Faigl, conductor with Union Pacific Railroad, and Mark Sheffield, mechanical supervisor with the South Buffalo Railway Co.
Railroads with the industry’s best safety performance records Tuesday were honored at the annual E.H. Harriman Awards ceremony in Washington, D.C., with the event also marking the industry’s nearly 100 year commitment to safety and innovation with the Centennial Award.
Rail Logistics and Iowa Pacific Holdings on Monday jointly announced a partnership in which Rail Logistics will manage, operate, and market Iowa Pacific’s refrigerated railcar fleet. The venture began May 1.
From my perspective, you know North America is changing for the better when short line and regional railroad folks are talkin’ passenger rail.
Greenwich, Conn.-based Genesee & Wyoming’s newly formed subsidiary, the Columbus & Chattahoochee Railroad, Inc. (CCR), has signed an agreement with Norfolk Southern to lease and operate a 26-mile segment of NS track in Alabama.
Genesee & Wyoming Inc. early Tuesday reported net income in the first quarter of 2012 of $22.2 million, up from $22.1 million in the first quarter of 2011. GWI’s diluted earnings per share of 52 cents held steady in the quarter measured against the same period a year ago, though the company sported roughly 600,000 more weighted average shares outstanding in the latest report.
Progress Rail Services Corp. says it has reached an agreement with Exeter, Calif.-based San Joaquin Valley Railroad, a RailAmerica subsidiary, to supply four repowered, low-emissions PR30B locomotives.
RailAmerica, Inc. reported late Wednesday that first-quarter revenue increased 15% to $143.4 million from $124.9 million in the first quarter last year. 2011. Freight revenue increased 10% to $107.8 million with average revenue per car up 7% and carloads up 3%. Non-freight revenue increased 30% to $35.6 million.
Indiana Rail Road Company (INRD) President and Chief Executive Officer Tom Hoback accepted Railway Age’s 2012 “Regional Railroad of the Year” award at the American Short Line and Regional Railroad Association’s national convention in Indianapolis April 24.