Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
Fort Worth Transportation Authority ("the T") has been granted $4 million by the Federal Transit Administration to continue advancing TEX Rail, a 37-mile regional passenger rail service linking southwestern portions of Fort Worth, and the city's downtown area, with Grapevine, Tex., and with Dallas/Fort Worth International Airport.
U.S. freight traffic for the week ending July 21, 2012 resumed its bifurcated trend for the year—a decline in freight carload volume, an increase in intermodal—the Association of American Railroads reported Thursday. U.S. freight carload volume for the week fell 1.9%, measured against the comparable week in 2011. U.S. intermodal volume, however, remained robust, up 6.2% for the week compared with a year ago.
The Surface Transportation Board Wednesday announced "two initiatives to explore ways to further protect captive shippers from unreasonable rail rates."
STB said it proposes to reform its rules on how it resolves rate disputes "to ensure that all captive shippers have a meaningful way to challenge rates." STB also will be "taking steps to consider a proposal submitted by The National Industrial Transportation League (NITL) to increase rail-to-rail competition."
American Railcar Industries, Inc. late Wednesday said its second-quarter consolidated earnings from operations set a new quarterly record of $26.0 million, more than triple the $8.2 million for the second quarter of 2011.
Arizona's Maricopa Association of Governments (MAG) Wednesday approved plans for the "Phoenix West" extension of Valley METRO light rail transit.
New York's Metropolitan Transportation Authority says tunnel boring for its East Side Access project has been completed, clearing the way for infrastructure work, including laying track, for eventual Long Island Rail Road service to Grand Central Terminal in Manhattan.
Denver's Regional Transportation District on Tuesday unanimously approved a design-build contract with Kiewit Infrastructure Co. to extend RTD's light rail system to Aurora, Colo.
L.B. Foster Co. said Wednesday it has been awarded the company's largest rail products contract, valued at approximately $60 million, by contractor Kiewit/Kobayashi, a joint venture for the construction of the Honolulu Authority for Rapid Transportation (HART) passenger transit system in Hawaii.
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.