L.B. Foster Co. on Wednesday said its second-quarter 2012 earnings and sales declined relative to the comparable quarter in 2011, but noted a solid backlog for rail product orders and also expressed confidence that an ongoing warranty issue with Union Pacific would be resolved.
Fairport, N.Y.-based RailComm said Tuesday BNSF has added the company's Blue Flag Indicator (BFI) System to its Belen Yard, N.M., facility.
Far be it for me to enter the culture wars here concerning family (how it's defined, what it should aspire to), save for one observation: It's easier to apply various values if one is around the family enough to actually do it—and intermodalism can contribute.
Massachusetts Bay Transportation Authority (MBTA) this year has sought bidders to operate its regional rail network, but according to the Boston Globe MBTA has received only two actual offers to bid, despite initial interest from 25 separate companies.
Caltrain said Monday it will receive $3.2 million in federal Department of Transportation grant funds to install an advanced signal system needed to support modernized Caltrain service and the eventual addition of high speed rail, part of the Golden State's "blended" approach to HSR.
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.