Transportation management company OmniTRAX, Inc. said late Thursday that Managing Director and Executive Vice President Mike Ogborn will retire. No specific date was given.
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter of 2011. Adjusted earnings results of 80 cents per share, however, still beat Wall Street consensus analyst expectations of 61 cents per share.
Freight carload traffic volume and intermodal movements notched a North American trifecta in the week ending July 14, 2012, measured against the comparable week of 2011, the Association of American Railroads reported Thursday.
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22 billion in the quarter, outstripped Wall Street consensus analyst estimates of $1.97 earnings per share on revenue of $5.23 billion. Both categories were all-time highs for the company.
Tucson's order of seven streetcars from United Streetcar, LLC isn't adequate to serve the city's four-mile line, now under construction, the Federal Transit Administration says. FTA recommends an eighth car be purchased.
The North American representative office of InnoTrans said Wednesday that discount registration is being offered to all prospective North American attendees of the show.
Hit-or-miss efforts (mostly miss) by the U.S. Postal Service to move mail by railroad have characterized the mode's declining mail modal share for decades, but the USPS is once more eyeing freight railroads as a way to lower costs and improve efficiency.
Canadian Pacific and Smart Sand, Inc., Wednesday announced a strategic long-term partnership "under which the two companies will supply and ship premium, Northern White frac sand to the unconventional oil and gas industry in key North America producing regions (including the Bakken and Eagle Ford formations, and the Utica and Marcellus Shales)."
Alstom says it has signed a contract with Danish railway infrastructure owner Banedanmark to deliver on-board equipment to railway operators in Denmark, and to equip 503 train cars with Atlas ERTMS1 signaling capabilities.
Canada's capital city on Monday said it "has received Federal Environmental Assessment approval for the Ottawa Light Rail Transit (OLRT) project."