CSX Corp. reported fourth-quarter earnings of $426 million, or 42 cents per share, down slightly from $449 million, or 44 cents per share, in the fourth quarter of 2012. That fell a penny short of Wall Street analyst expectations.
Plans for a streetcar circulator in Boise, Idaho's capital, have been revived after six years of dormancy, though modal choice is now up for grabs.
New York State's Court of Appeals on Tuesday, Jan. 14, 2014, upheld the payroll mobility tax used to help fund the Metropolitan Transportation Authority (MTA), denying a repeal of the tax sought mostly by Long Island political officials.
The American Public Transportation Association says Americans continue to turn to public transit in increasing numbers, totaling 2.7 billion trips in the third quarter, up 1.5% from the comparable period in 2012.
Congressional conference committee members cobbling together an actual fiscal year 2014 federal budget have reportedly agreed on budgetary numbers fairly favorable to Amtrak and Transportation Investment Generating Economic Recovery (TIGER) programs. Federal high speed rail funding, however, is omitted entirely.
The Brotherhood of Railroad Signalmen (BRS) on Monday, Jan. 13, 2014, announced "support for the California High-Speed Rail Authority [CHSRA] and California Governor Jerry Brown's budget proposal that would authorize funding for the state's high-speed rail program, utilizing $300 million of cap and trade revenue."
Two U.S. Senators are urging the Federal Railroad Administration to mandate cameras on board passenger locomotives and operating cab cars in order to provide detailed information on potential derailments.
Saguenay, Quebec-based Entretien Ferroviaire Boivin, Inc. has joined the Association of American Railroads as a Silver Associate Member.
North Dakota's two U.S. Senators met in Washington, D.C. Thursday, Jan. 9, 2014, with federal officials to advance improved freight rail safety measures in tank car construction and operation.
Milwaukee, facing stiff anti-rail opposition from its namesake county and the state of Wisconsin, continues pursuing an initial $65 million starter streetcar line, focusing on limiting costs of utility relocation, which opponents have seized on as one way to kill the plan.