Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street's consensus analyst estimates of $395 million, or 35 cents per share.
Seeking to improve capacity and reduce scheduling conflicts, MTA Long Island Rail Road Tuesday said it plans to begin double-tracking 12.6 miles of LIRR's Ronkonkoma Branch route between Farmingdale and Ronkonkoma, N.Y., two years ahead of the previous schedule.
INIT said Tuesday that GO Transit, a division of Metrolinx, has chosen the company to deploy a new fleet management system for 47 GO Transit railcars, as well as 424 GO buses and 50 non-revenue vehicles.
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter's long-expected cancelation of a $166 million maintenance contract.
With the addition of the United States and Hungary, InnoTrans 2012 will have a record 32 countries mounting combined national and regional displays of their transport technology at the ninth InnoTrans in Berlin Sept. 18-23.
Saskatchewan's provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
BNSF President and Chief Operating Officer Carl Ice will deliver the keynote speech Sept. 24 to the Opening General Session of the Railway Supply Institute's RSI/CMA 2012 Conference and Trade Show in Chicago.
In his proxy fight for control of Canadian Pacific, Pershing Square Capital Management hedge fund chief Bill Ackerman contends that the railroad's management has failed to seize opportunities to improve its performance.
MTA Metro-North Railroad said Friday its systemwide on-time performance was 98.8% during the first quarter of 2012, claiming it was "the best quarter in Metro-North's history."
The Surface Transportation Board says Michigan's Department of Transportation has filed an Acquisition Exemption, requesting permission for MichDOT to acquire two sections of NS rights-of-way totaling about 135 miles.