U.S. freight carload volume fell 3% during the week ending July 20, 2013, measured agains the comparable week in 2012, the Association of American Railroads reported Thursday, July 25. Countering that slump, as usual in recent months, was U.S. intermodal volume, up 2.8% compared with the same week last year.
Wabtec Corp. reported record second-quarter earnings and revenue Thursday, July 25, 2013, spurred by what the company said was strong performance in its Transit Group.
American Railcar Industries, Inc. (ARI) reported second-quarter earnings of $23.6 million, or $1.11 per share, late Wednesday, July 24, 2013, following the close of trading on the New York Stock Exchange, surpassing Wall Street consensus estimates of 82 cents per share. ARI earned 63 cents per share in the second quarter of 2012.
The American Public Transportation Association (APTA) announced Wednesday, July 24, 2013, that that nine public transportation systems and businesses will be recognized for their outstanding sustainability achievements.
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of 71.9%, an improvement from 82.5% a year ago.
Transport Canada said late Tuesday, July 23, 2013 it would now ban one-person train crews, in response to the train derailment and explosion earlier this month in Lac-Mégantic, Quebec. The death toll at present is 47.
Norfolk Southern Corp. said its second-quarter net income of $465 million in the second quarter was 11% lower than the $524 million notched in the second quarter of 2012.
Notwithstanding the biggest U.S. urban bankruptcy event to date, officially occurring last week, private-sector backers of Detroit's M1 streetcar project are proceeding with implementation of the Motor City's first modern streetcar line.
Canadian National reported second-quarter earnings of C$717 million (US$694 million), or C$1.69 (US$1.64) per diluted share, up from net income in the comparable 2012 quarter of C$631 million, or C$1.44 per diluted share.
Officials in Bethesda, Md., and the Maryland Transit Administration (MTA) are moving with some urgency to resolve site plans for a preferred Purple Line light rail transit terminus in Bethesda before year's end.