Both U.S. freight carload traffic and U.S. intermodal volume declined during the week ending Feb. 15, 2014, measured against the comparable week in 2013, the Association of American Railroads reported Thursday, Feb. 20.
Dallas-based Trinity Industries late Wednesday, Feb. 19, 2014, reported fourth-quarter net income of $112.8 million, or $1.44 per share, up from $71.3 million, or 90 cents a share, in the comparable quarter of 2012. That beat Wall Street analyst consensus estimates of $1.41 per share by three cents.
Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million, up from $64.8 million in the fourth quarter of 2012.
Two court victories for Hawaii pro-rail forces on Tuesday, Feb. 18, 2014, have removed significant obstacles confronting the controversial $5.26 billion Honolulu Rail Transit project designed to serve the island of Oahu.
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss was $12.3 million, or a loss of $1.03 per diluted share, on revenue of $79.7 million.
Saint John, New Brunswick-based Irving Oil Ltd. announced plans Monday, Feb. 17, 2014, to voluntarily convert its older DOT-111 tank cars used in crude-by-rail (CBR) business—which has soared in recent years—to meet higher recommended safety standards by the end of April.
A California appeals court has put on hold an earlier legal order by a Superior Court judge halting funding of California's high speed rail project, saying it will review the matter over funding.
Florida Gov. Rick Scott announced Monday, Feb. 17, 2014 a financial package of up to $215 million to assist construction of a rail station at Orlando International Airport.
The first Siemens S70 streetcar destined to ply the streets of downtown Atlanta arrived in Georgia's capital city Monday, Feb. 17, 2014, while a second car was slated to arrive on the property Tuesday.
Fairport, N.Y.-based RailComm said Thursday, Feb. 13, 2014 that a North American railroad yard in Kansas City, Kan., has added a remote control derail system to the diesel shop.