Railway Age News

Railway Age News

Revenue declines in six traffic groups were a key contributing factor in Union Pacific’s second-quarter financials, for which the railroad reported diluted earnings per share of $1.17, a 15% decline from the prior-year quarter; operating income of $1.66 billion, down 15%; and an operating ratio of 65.2%, up 1.1 points.

The first of 247 massive precast concrete beams (also known as Florida I Beams or FIBs) was lifted into place at MiamiCentral this week, as the 11-acre transportation hub that will host Brightline passenger trains continues to take shape in Downtown Miami. The beams average 73 feet in length, and the largest spans are in excess of 120 feet. Approximately four FIBs will be installed each day over the next eight to ten weeks.

The Railway Supply Institute Committee on Tank Cars (RSICTC) has named veteran railcar design and regulatory compliance and safety professional John Byrne as Vice Chairman. Byrne succeeds William Finn, who retired earlier in 2016.

The Railway Systems Suppliers Inc. 56th Annual C&S Exhibition at the Gaylord Texan Resort in Grapevine, Tex., in late June 2016 attracted more than 1,550 rail and transit customers, suppliers and guests.

The U.S. Department of Transportation’s (DOT) Federal Railroad Administration (FRA) announced on July 21 a Finding of No Significant Impact on the Northern New England Intercity Rail Initiative (Initiative). The finding clears the way for states and the federal government to invest in future passenger rail service in New England. The Initiative proposes to restore service between Boston and New Haven through Springfield and Hartford and add new service between Boston and Montreal.

Siemens’ new 60,000 square-foot rail service headquarters in Sacramento, Calif., which serves as Siemens Mobility Customer Services U.S. headquarters and West Cost logistics hub, is now fully operational.

Ithaca, N.Y.-based Smith Marketing Services has been awarded a contract for leading the branding effort for Railway Interchange 2017, to be held in Indianapolis Sept. 17-20, 2017.

The U.S. Department of Transportation (USDOT) announced the establishment of the Build America Bureau, "which will drive transportation infrastructure development projects in the United States by streamlining credit and grant opportunities while providing technical assistance and encouraging innovative best practices in project planning, financing, delivery and monitoring."

The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending Jul. 16, 2016:

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