OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City.
Transportation Secretary Anthony Foxx announced Friday, Feb. 20, 2015 a proposed rule "to increase oversight responsibilities of State Safety Oversight Agencies (SSOAs) by replacing the existing outdated regulatory framework with one designed to better evaluate the effectiveness of a rail transit agency's system safety program."
Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status.
St. Charles. Mo.-based American Railcar Industries Inc. reported fourth-quarter net income of $22.7 million, or $1.06 per share, late Wednesday, Feb. 18, 2015, after the closing bell on Wall Street. Net income was up 3% from the comparable quarter in 2013. The results fell short of Wall Street analyst consensus expectations of $1.09 per share.
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as "solid" results.
FreightCar America reported its fourth-quarter and full-year 2014 results Tuesday, Feb. 17, 2015, after the closing bell on Wall Street, highlighted by positive net earnings in 2013 compared with a net loss in 2013.
By a roughly 2-to-1 majority, Sacramento, Calif., property owners along a proposed streetcar route have approved plans to fund $30 million toward the cost of the 3.3-mile, $150 million project.
For the second straight week, U.S. intermodal volume slipped fractionally behind levels of 2014 even as total U.S. freight traffic gained ground, the Association of American Railroads said Wednesday, Feb. 18, 2015.
Construction of the $43 million St. Louis Loop Trolley could begin next month, local officials said Tuesday, Feb. 17, 2015, countering mounting speculation that the project had stalled and was unlikely to survive.
El Paso, Tex., may become the next U.S. city to turn to restored President's Conference Committee (PCC) cars in an effort to restore streetcar service.