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GWI 3Q earnings and revenue rise Darien, Conn.-based Genesee & Wyoming, Inc. on Friday, Oct. 31, 2014 reported third-quarter net income of $72.9 million, compared with net income of $66.2 million in the third quarter of 2013. Excluding the net impact of certain significant items discussed below, G&W's adjusted net income in the third quarter of 2014 was $69.3 million, compared with adjusted net income of $59.8 million in the third quarter of 2013.
Intermodal leads U.S. freight rail traffic gains With intermodal leading the way, U.S. rail freight traffic during the week ending Oct. 25, 2014 maintained growth momentum, the Association of American Railroads reported Thursday, Oct. 30.
ARI 3Q revenue slips, but backlog grows American Railcar Industries, Inc. (ARI) reported a drop in third-quarter revenue 2014 relative to the comparable period in 2013. St. Charles, Mo.-based ARI announced its results late Wednesday, Oct. 29, 2014, following the closing bell on Wall Street.
Greenbrier Cos. touts record 4Q, full year The Greenbrier Cos., Inc. on Thursday, Oct. 30, 2014 announced "record results for [the] fourth quarter and fiscal year," adding it had received orders of "an additional 11,400 units" after its fiscal fourth quarter ended on Aug. 31, 2014.
NTSB, others savage Metro-North, FRA on safety The National Transporation Safety Board (NTSB) on Tuesday, Oct. 28, 2014, publicly identified several recurring safety issues plaguing Metro-North Railroad in past years, including inadequate and ineffective track inspection and maintenance, extensive deferred maintenance issues, inadequate safety oversight, and deficiencies in passenger car crashworthiness, roadway worker protection procedures, and organizational safety culture.

Breaking News

freight-car-backlog-nears-125000
October 31, 2014
The freight car backlog at the end of third-quarter 2014 amounted to 124,437 cars and platforms, the highest backlog level since October 1979’s 127,887 (when figures were compiled monthly), according to figures Railway Age obtained from Economic Planning Associates (EPA)...
california-hsr-phase-2-draws-three-bidders
October 31, 2014
Three consortia submitted sealed bids late Thursday, Oct. 30, 2014, to the Californai High-Speed Rail Authority (CHSRA), expressing interest in overseeing construction of the second leg of the state's proposed high speed rail network. Bidders include: Dragados/Flatiron/Shimmick; Golden State Rail Partnership,...
gwi-3q-earnings-and-revenue-rise
October 31, 2014
Darien, Conn.-based Genesee & Wyoming, Inc. on Friday, Oct. 31, 2014 reported third-quarter net income of $72.9 million, compared with net income of $66.2 million in the third quarter of 2013. Excluding the net impact of certain significant items discussed...
trimet-taps-railcomm-for-ctc-dispatch-system
October 31, 2014
Fairport, N.Y.-based RailComm says it has been selected to replace the communication infrastructure for Portland, Ore., Trimet's CTC Dispatch System at 10 separate locations. TriMet, operator of Portland's MAX light rail transit system, will take "advantage of the RailComm protocol and...
freightcar-america-3q-earnings-much-improved
October 31, 2014
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in the third quarter of 2013.  Chicago-based FreightCar America announced the...

Blogs and More

why-ntsb-got-it-wrong
October 31, 2014
I forced myself to review every miserable second of the Oct. 28, 2014 NTSB press conference regarding NTSB’s determination of the causes of five accidents on Metro-North Railway (MNR), for a couple of reasons: 1) I couldn’t believe what was being said; and  2) I...
“schumenthal”-at-their-self-serving-best-and-worst
October 29, 2014
I never thought I would find myself in the position of defending the Federal Railroad Administration, at least from anyone other than the Ayn Rand-Alan Greenspan-Phil Gramm-Rush Limbaugh types out there, but life is a funny thing.
transport-canada-resumes-modest-rail-safety-regulation
October 29, 2014
After a train crash of criticism by Canada's Transportation Safety Board and the country's auditor-general, Transport Canada is softly moderating its three-wise-monkeys approach to railway regulation.
unknotting-rail-congestion-compels-investment
October 28, 2014
Unraveling the knot restricting rail network fluidity cannot be achieved through Surface Transportation Board (STB) intimidation of rail CEOs, or by the agency's issuance of an emergency service order instructing one railroad to operate over the tracks of another, or by merging the nation's seven...
lrt-aids-houstons-21st-century-hopes
October 21, 2014
Jettison the biases and stereotypes before you head to Houston, my brother-in-law cautioned me last month as I prepared for APTA Expo 2014. "It's really grown up; it's a real city now," he offered.