The Greenbrier Companies, Inc. on Wednesday, Jan. 8, 2014 reported net earnings of $16 million, or 51 cents per share, for its fiscal first-quarter 2014 ending Nov. 30, 2013, missing Wall Street consensus estimates of 53 cents per share.
Virginia and North Carolina officials pursuing high speed rail development were scheduled to meet in Washington, D.C. Tuesday, Jan. 7, 2014, to advance HSR between the nation's capital and Charlotte, N.C.
Bombardier Transportation said Tuesday, Jan. 7, 2014 it will supply Bay Area Rapid Transit (BART) with an additional 365 rail cars, part of BART's "Fleet of the Future," through a contract worth roughly $639 million.
Howard R. Permut, president of MTA Metro-North Railroad and an original team member of the railroad since its creation in 1983, reportedly will step down from his post by month's end.
Bridgeport, N.J.-based Pandrol USA says Luke Reardon has joined the company as a sales and customer service representative, based at company headquarters.
Culbertson, Mont., may be added to Amtrak's national network due in part to ongoing shale oil activity in the Bakken formation, primarily occurring in North Dakota, according to the National Association of Railroad Passengers (NARP).
Massachusetts Bay Transportation Authority (MBTA) reportedly is considering replacing Massachusetts Bay Commuter Railroad Co. (MBCR), its current contract operator of MBTA regional rail service.
Canadian Pacific and Genesee & Wyoming, Inc., in a joint announcement Thursday, Jan. 2, 2014, said they had "executed an agreement pursuant to which CP will sell the west end of its Dakota, Minnesota & Eastern (DM&E) line to G&W for continued rail operations."
Polly Trottenberg, familiar to the rail industry in her role as Under Secretary for Policy at the U.S. Department of Transportation, will serve as the Transportation Commissioner for New York City's new mayor, Bill de Blasio, who assumed office Jan. 1, 2014.
U.S. rail traffic for the week ending Dec. 28, 2013 advanced strongly, the Association of American Railroads reported Thursday, Jan. 2, 2014. U.S. freight carload traffic gained 8.1% when measured against the comparable week in 2012, while U.S. intermodal volume did even better, up 10.6%.