Carloads of crude oil on U.S. Class I railroads set a record in 2012, up 256% from crude carloads in 2011, modestly helping to offset declines in other freight carload categories last year, according to results released by the Association of American Railroads Thursday. Crude oil in 2012 represented 0.8% of all U.S. Class I rail carloads, up from 0.2% in 2011. AAR reports crude-only carloading data on a quarterly basis.
Erie, Pa.-based GE Transportation said Thursday New Orleans Public Belt Railroad has signed an agreement to use GE's software applications for railroad transportation management and railcar repair and maintenance.
St. Charles, Mo.-based American Railcar Industries late Wednesday reported record fourth-quarter earnings of $24.4 million, up from $5.1 million in the fourth quarter of 2011. Revenue for the quarter was $207.7 million, up 6% from revenue in the year-ago quarter and the highest since the third quarter of 2008, the company said.
Trinity Industries announced Wednesday that Rail Group orders for 5,620 new railcars during the fourth quarter pushed its backlog to 31,990 units valued at $3.7 billion. The Rail Group shipped 4,960 railcars during the fourth quarter and 19,360 during the full year.
MTA Metro-North Railroad could make access to Manhattan's Pennsylvania Station an official priority in its next five-year capital construction program to be released in 2014, despite decades of obstructions confronting the railroad.
FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net income of $8.5 million, or 71 cents per diluted share, on revenue of $187.1 million in the fourth quarter of 2011.
Wabtec Corp. said Tuesday record fourth-quarter earnings per diluted share of $1.34, 40% above EPS in the fourth quarter of 2011 and topping Wall Street analyst consensus estimates of $1.31. Sales also notched a record, at $610 million, just short of analyst estimates of $611 million, and driven by the company's Transit Group.
Claude Mongeau, president and chief executive officer of CN, on Tuesday announced the promotion of Jim Vena to executive vice-president and chief operating officer.
Fairport, N.Y.-based RailComm says Compania de Ferrocarriles Chiapas Mayab (FFCM), located in Merida, Yucatan, Mexico, has selected RailComm for its computerized Track Warrant Control System.
Lexington, Mass.-based RailRunner, N.A., Inc. said Tuesday Wolfgang Graff, vice president and chief operating and technology officer, will return to Germany next month to oversee European responsibilities for the company.