The general committees of the Teamsters Canada Rail Conference (TCRC), representing the conductors, trainmen, yardmen, locomotive engineers and rail traffic controllers employed by Canadian Pacific Railway, announced Thursday they have been authorized by their membership to launch a strike against CP as early as late May.
Amtrak said Thursday it is "creating a new Emergency Management and Corporate Security department to integrate existing company-wide efforts into a single, cohesive unit to more effectively prepare for emergencies and disasters, mitigate their effects and allow for fast and efficient response and recovery."
Dallas-based Trinity Industries Inc., aided by its Rail Group, late Wednesday reported a first-quarter net profit of $52.9 million or 66 cents per share, compared with $24.2 million, or 30 cents per share, in the first quarter of 2011. Earnings beat the Wall Street consensus estimate of 51 cents per share.
U.S. freight carload traffic again fell short of year-ago levels in the latest week ending April 21, 2012, down 3.6% when measured against the comparable week in 2011, the Association of American Railroads said Thursday. U.S. intermodal volume, by contrast, continued its mirror-image advance, up 6.0% for the week compared with a year ago.
Bombardier Transportation said Thursday the design of its Berlin FLEXITY model has "received the Universal Design and Consumer Favourite Award 2012 in Hannover," Germany.
Axion Power International Inc. said Thursday it has received an order from Norfolk Southern Corp. for lead-carbon (PbC) batteries for use in a battery-powered locomotive.
Progress Rail Services Corp. says it has reached an agreement with Exeter, Calif.-based San Joaquin Valley Railroad, a RailAmerica subsidiary, to supply four repowered, low-emissions PR30B locomotives.
Erie, Pa.-based GE Transportation Friday reported a "segment profit" of $232 million in the first quarter of 2012, up 48% from the same quarter a year ago. Revenue of $1.3 billion rose 41% measured against the first quarter of last year.
Far from being threatened by Florida East Coast Railway's All Aboard Florida passenger rail proposal, Amtrak has signaled that the service would be welcomed, and even offer symbiotic benefits to the national rail passenger carrier.
Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly as well, at 82 Canadian cents per share for the first quarter, up 62 Canadian cents or 310% from a year ago.