CSX Corp. announced record second-quarter net earnings of $529 million, or 53 cents per share, Tuesday afternoon, July 15, 2014, after the closing bell on Wall Street. Results were up from $521 million, or 51 cents per share, in the comparable quarter in 2013. CSX also beat Wall Street consensus per share estimates, recently raised, of 52.2 cents.
San Francisco Municipal Transportation Agency (SFMTA) said Tuesday, July 15, 2014 that "Transport Workers Union Local 250-A, which represents Municipal Railway (MUNI) transit operators, voted to ratify a new three-year agreement that increases wages, strengthens pension benefits, and is in line with the budget needs of the agency."
Roughly 900 workers at Bombardier Transportation's Thunder Bay, Ontario, rail production plant walked off the job on Monday, July 14, 2014, following a breakdown in contract talks with management.
The San Francisco Municipal Transportation Agency (SFMTA) is set to award Siemens Mobility a contract for 261 S200 light rail transit (LRT) vehicles to replace the city's aging LRT fleet, built by Breda.
Amtrak has issued a request for information concerning 15 new Tier 4 diesel-electric locomotives, as well as one diesel switch yard locomotive.
In St. Louis, the Loop Trolley Transportation Development District (TDD) will host a public open house on July 24, 2014 to seek community input as it updates plands for the Loop Trolley project.
Virginia has committed to funding up to half the cost of the contentious Columbia Pike streetcar project, designed to traverse the namesake avenue in Arlington and Fairfax counties, suburbs of Washington, D.C.
Genesee & Wyoming, Inc. said Monday, July 14, 2014 its second-quarter traffic rose 6.0% measured against the comparable quarter in 2013. Same-railroad traffic was up 5.0% for the quarter.
U.S. freight rail traffic continued growing in the week ending July 5, 2014, measured against the comparable week in 2013, the Association of American Railroads said Thursday, July 10, 2014.
Somewhat under the radar amidst other rail transit developments in Minnesota's Twin Cities, a proposal for a streetcar line in St. Paul received a unanimous 6-to-0 endorsement by the City Council Wednesday, July 9, 2014.