Darien, Conn.-based Genesee & Wyoming, Inc. on Friday, Oct. 31, 2014 reported third-quarter net income of $72.9 million, compared with net income of $66.2 million in the third quarter of 2013. Excluding the net impact of certain significant items discussed below, G&W's adjusted net income in the third quarter of 2014 was $69.3 million, compared with adjusted net income of $59.8 million in the third quarter of 2013.
Fairport, N.Y.-based RailComm says it has been selected to replace the communication infrastructure for Portland, Ore., Trimet's CTC Dispatch System at 10 separate locations.
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in the third quarter of 2013. Chicago-based FreightCar America announced the results late Thursday, Oct. 30, 2014, after the close of trading on Wall Street.
With intermodal leading the way, U.S. rail freight traffic during the week ending Oct. 25, 2014 maintained growth momentum, the Association of American Railroads reported Thursday, Oct. 30.
The Greenbrier Cos., Inc. on Thursday, Oct. 30, 2014 announced "record results for [the] fourth quarter and fiscal year," adding it had received orders of "an additional 11,400 units" after its fiscal fourth quarter ended on Aug. 31, 2014.
American Railcar Industries, Inc. (ARI) reported a drop in third-quarter revenue 2014 relative to the comparable period in 2013. St. Charles, Mo.-based ARI announced its results late Wednesday, Oct. 29, 2014, following the closing bell on Wall Street.
The Federal Transit Administration (FTA) have approved plans by Metropolitan Atlanta Rapid Transit Authority (MARTA) for preliminary planning of a "Clifton Corridor" light rail transit line, which would be Atlanta's first LRT line.
The National Transporation Safety Board (NTSB) on Tuesday, Oct. 28, 2014, publicly identified several recurring safety issues plaguing Metro-North Railroad in past years, including inadequate and ineffective track inspection and maintenance, extensive deferred maintenance issues, inadequate safety oversight, and deficiencies in passenger car crashworthiness, roadway worker protection procedures, and organizational safety culture.
North American rail suppliers and industry observers (and advocates) paid close attention to election results Monday, Oct. 27, 2014, in Toronto, where city voters elected John Tory to succeed Mayor Rob Ford, the latter a severe critic of city passenger rail expansion plans. But results in other Ontario urban areas also bode well for urban rail transit, particularly light rail transit (LRT).
L.B. Foster Co. announced on Wednesday, Oct. 29, 2014, an agreement to acquire the railroad tuning unit, FWO, of Balfour Beatty Rail GmbH. The German business provides track lubrication and switch roller equipment for international railway applications.