California Gov. Jerry Brown said Sunday the state’s 700-mile high speed rail project will cost far less than the state's current estimate of nearly $100 billion, and also said that environmental fees paid by carbon producers will be a source of funding.
The Railway Supply Institute said Friday that the “House Transportation and Infrastructure Committee is set to vote on SAFETEA-LU reauthorization legislation as early as next Thursday, February 2, and that vote could sanction “an increase in truck size and weights at state option as well as allow longer combination vehicles nationwide.”
Railroad freight car orders increased 51.4% in the fourth quarter to 16,434, compared with 10,853 car orders for the same quarter last year, according to the Railway Supply Institute. Orders in the quarter fell relative to the third quarter, which totaled 20,165 orders.
New York’s Metropolitan Transportation Authority Capital Construction says it plans to reorganize its construction plan of the $7.4 billion East Side Access project, designed to give the Long Island Rail Road access to Grand Central Terminal and Manhattan’s East Side.
U.S. freight carload traffic in early 2012 rose again, up 1.6% for the week ending Jan. 21, the Association of American Railroads reported Thursday. U.S. intermodal volume moved up even more, advancing 3.0% for the week measured against the comparable week in 2011.
New generation trains running on existing track can easily combine higher speeds, lower energy consumption, reduced noise, and lower costs, according to findings by Swedish researchers released Wednesday in Stockholm. The four-year project was supported by three major partners, including Bombardier Transportation, Bombardier said.
Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted earnings of C$1.30 handily surpassed Wall Street consensus estimates of C$1.24. Revenue rose 12% C$2.38 billion, a record, that also surpassed Street estimates of C$2.30 billion.
The bistate, trans-Hudson PATH rail system rolled to a record ridership 76.6 million trips in 2011, an achievement that the Port Authority of New York & New Jersey notes followed the investment of more than $1 billion in PATH during the past four years for new cars, station upgrades, and a new signal system.
CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of about $3.0 billion and operating income of $841 million. CSX also notched an operating ratio of 71.5%.