Bombardier Transportation said Wednesday, May 15, it is a "lead participant" in the first International Symposium on Rolling Stock, to commence Thursday in Bangkok, Thailand.
Knorr-Bremse has opened its new Rail Vehicle Systems plant in Westminster, Md., in order to cope with "ongoing growth of the U.S. mass transit market and of three current major orders for HVAC systems."
MARTA’s Board of Directors authorized a revised contract Monday, May, 13, with URS Energy and Construction, Inc. to design and build the Atlanta Streetcar, with the total price now set at $59 million, up from $52.2 million.
The Surface Transportation Board announced Monday, May 13, that it has adopted final mediation and arbitration rules that establish a new arbitration program under which shippers and railroads may agree in advance to voluntarily arbitrate certain types of disputes with clearly defined liability limits in matters coming before the agency.
Operation Lifesaver, Inc. programs and partners across the U.S. will celebrate International Level Crossing Awareness Day (ILCAD) on Tuesday, May 7, with a variety of events to illustrate the importance of safe behavior at grade crossings and around train tracks.
Caltrain said Thursday its staff offered a preliminary report to the Joint Powers Board indicating the rail service's Fiscal Year 2014 budget will be balanced, but warning that FY15 could produce a budget shortfall that might trigger fare increases and service cuts.
Among those recognized with various awards April 30 (including Railway Age's own Short Line Railroad of the Year and Regional Railroad of the Year honors) during the American Short Line and Regional Railroad Association annual meeting in Atlanta, the New York & Atlantic Railway notched both marketing and safety awards from ASLRRA.
The recipe for 2013 seldom changes; U.S. freight rail traffic for the week ending April 27, 2013 retained the same mix of “mixed,” the Association of American Railroads reported Thursday.
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared with first-quarter 2012 earnings of $9.7 million, or 81 cents per diluted share, on revenue of $219.million. Wall Street analysts had anticipated a net profit of six cents per diluted share in the quarter.
Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain significant items discussed below, G&W's adjusted net income in the first quarter of 2013 was $48.9 million, compared with adjusted net income of $25.0 million in the first quarter of 2012, the company said.