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.
Florida's Canaveral Port Authority (CPA) has petitioned the Surface Transportation Board for permission to "construct and operate approximately 11 miles of new rail line to Port Canaveral (Port) in Brevard County, Florida."
Trinity Industries, Inc. announced third-quarter earnings of $149.4 million, or 90 cents per diluted share, up 43% from $99.6 billion, or 63 cents per share, in the third quarter of 2013. Trinity reported the news late Tuesday, Oct. 28, 2014, after the close of trading on Wall Street.
Toronto residents on Monday, Oct. 27, 2014 elected John Tory as the 65th mayor of Canada's largest city, generating cautious optimism among rail industry observers. Tory, a former business executive, will assume office on Dec. 1, garnering 40% of the vote in a three-way race.
New York's Metropolitan Transportation Authority said Monday, Oct. 27, 2014 that its new Fulton Street Transit Center, serving 11 subway lines and related facilities in lower Manhattan, will open to the public on Nov. 10 at 5:00 a.m.
Wabtec Corp. on Tuesday, Oct. 28, 2014 announced "record results" for its third quarter, led by record earnings per diluted share of 93 cents, up 22% from the comparable quarter in 2013. That handily beat Wall Street's consensus analyst estimate of 89 cents per share.
The Western Coal Traffic League (WCTL) has petitioned the Surface Transportation Board to "require BNSF Railway Company (BNSF) to submit to the Board a coal-specific service recovery plan, and for the Board to review, approve or revise, and enforce the recovery plan," according to the STB. WCTL said that BNSF "intends to remove approximately 60 coal train sets from service," despite ongoing service problems.
Unveiling a new logo for regional rail service 12 days before Election Day, Connecticut Gov. Dannel P. Malloy and the state Department of Transportation announced capital adjustments to the newly named "Hartford Line," linking the state capital with Springfield, Mass. to the north, and New Haven, Conn., to the south.
U.S. Sen. Charles Schumer (D-N.Y.), joined by Staten Island Borough President James Oddo, is urging the Port Authority of New York & New Jersey (PA) to fund a proposed West Shore Light Rail project.