Two new light rail lines in Houston's expanding LRT system will open in late December, and not during the fall as originally expected, Metropolitan Transit Authority of Harris County (Metro) said Monday, July 21, 2014.
Rebounding from a first quarter hampered by what its CEO called the "winter of a lifetime," CN late Monday, July 21, 2014 reported second-quarter net income of C$847 million (US$789 million), up 18% from C$717 million in the second quarter of 2013.
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-June 2014 rose 1.02%, to 166,139, from June 2013, and also gained modestly previous month, up 0.03%.
The Greenbrier Cos., Inc. and Watco Cos. LLC announced Monday, July 21, 2014, that they "have completed formation of their 50/50 railcar repair joint venture creating the largest independent railcar repair shop network in North America. The new joint venture, called GBW Railcar Services, LLC (GBW), owns and operates the combined network of 38 railcar repair, refurbishment and maintenance shops of Greenbrier and Watco."
A plan to implement streetcar service in Miami, originally proposed nine years ago, has been revived as a possible public-private partnership (PPP) initiative.
The Railway Supply Institute on Friday, July 18, 2014, released its railcar industry order, delivery, and backlog statistics for the second quarter, with the data showing strong growth, which one analyst attributes largely to ongoing crude-by-rail (CBR) developments.
Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.
New York Gov. Andrew Cuomo announced Thursday, July 17, 2014, that an anticipated strike by Long Island Rail Road workers, due to begin Sunday, July 20, has been averted.
Railroads in all three major North American nations scored solid gains in freight rail traffic during the week ending July 12, 2014, the Association of American Railroads reported Thursday, July 17.
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up from C$252 million, or C$1.43 per share, in the comparable quarter of 2013.