Douglas John Bowen

Douglas John Bowen

Douglas John Bowen is Managing Editor of RAILWAY AGE. He also served as Editor of Intermodal Age from 1989 to 1991, and has held various positions at Inbound Logistics magazine, High Speed Transport News, The Journal of Commerce, and CNN/Money. Bowen began his journalism career at the Asbury Park Press, a New Jersey daily newspaper. A graduate of Rutgers University, Bowen resides in Hoboken, N.J. He served as president of the New Jersey Association of Railroad Passengers (NJ-ARP) from 1987 to 2000 and again from 2004 to 2010, serving on the NJ-ARP board from 1984 until 2012; he remains a member of the statewide organization.

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Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street consensus estimates. Net income attributable to Wabtec shareholders increased to $62.99 million from $46.60 million a year ago. The company's third-quarter sales of $588 million was up 18% from the year-ago quarter.

Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the third quarter of 2011. The results were in line with Wall Street consensus estimates of C$1.52 per share.

Monday, 22 October 2012 09:54

D.C. readies streetcar tests

Streetcar tests are slated to start this winter in Washington, D.C.'s Southeast, specifically in Anacostia along S. Capitol Street, according to the District Department of Transportation (DDOT). But a revenue service startup date is still uncertain.

Figures released by the Surface Transportation Board Friday show Class I railroads employed 160,428 people in mid-September, up a modest 0.12% from September 2011, but down 1.39% (95 employees) from August 2012.

Erie, Pa.-based GE Transportation notched revenue of $1.4 billion in the third quarter, up 9% from the same period a year ago, and a profit of $265 million, up 35% from $197 million in the third quarter of 2011.

Friday, 19 October 2012 10:06

KCS posts record third-quarter revenues

Despite record revenue for the third quarter, Kansas City Southern earnings of $90 million, or 82 cents per share, fell from $99.8 million, or 91 cents per share, in the comparable quarter in 2011, due in part to a higher Mexican tax bill affecting its Kansas City Southern de Mexico operations.

Friday, 19 October 2012 09:23

Delaware NEC third track project commences

Delaware state and federal representatives, the Delaware Department of Transportation, and Amtrak on Thursday marked the ceremonial start of adding a 1.5-mile third track on Amtrak's Northeast Corridor just south of Wilmington.

Friday, 19 October 2012 08:55

ARCI reports decline in railcar orders

Orders and deliveries of railcars declined in the third quarter, according to statistics released by the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.

Thursday, 18 October 2012 10:56

AAR: Intermodal strong, carload volume weak

U.S. freight carload traffic for the week ending Oct. 13, 2012 remained unable to surmount 2011 levels, down 6.1% when measured against the comparable week one year ago, the Association of American Railroads said Thursday. U.S. intermodal volume, for its part, maintained its own positive momentum, up 2.6% for the week compared with 2011.

Thursday, 18 October 2012 10:02

GATX reports rise in 3Q profit, beats Street

Chicago-based GATX Corp. Thursday reported third-quarter net income of $53.8 million, or $1.13 per share, up from $32.9 million or 70 cents per share in third quarter of 2011. Both the 2012 and 2011 third-quarter results include benefits from tax adjustments and otther items of $18.2 million and $1.3 million, respectively.

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