Dallas city officials continue to stress the establishment of the Oak Cliff streetcar line is just the first step in growing streetcar routes throughout the city, in part to complement existing DART light rail transit operations.
Los Angeles County Metropolitan Transportation Authority (LACMTA) officials and other transport personnel welcomed a $670 million federal grant aiding a Downtown Regional Connector, scheduled to open in 2020.
St. Charles, Mo.-based American Railcar Industries says it recorded record earnings for the full year of 2013, and a 3% rise in consolidated earnings during the fourth quarter compared with a year ago.
Efforts to extend light rail transit from Norfolk, Va., east to neighboring Virginia Beach have received substantial political and media attention in recent years. But Norfolk and Hampton Roads Transit are pursuing extension of The Tide LRT from its current western terminus north to Naval Station Norfolk.
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.