Caltrain said Thursday its staff offered a preliminary report to the Joint Powers Board indicating the rail service's Fiscal Year 2014 budget will be balanced, but warning that FY15 could produce a budget shortfall that might trigger fare increases and service cuts.
Among those recognized with various awards April 30 (including Railway Age's own Short Line Railroad of the Year and Regional Railroad of the Year honors) during the American Short Line and Regional Railroad Association annual meeting in Atlanta, the New York & Atlantic Railway notched both marketing and safety awards from ASLRRA.
The recipe for 2013 seldom changes; U.S. freight rail traffic for the week ending April 27, 2013 retained the same mix of “mixed,” the Association of American Railroads reported Thursday.
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared with first-quarter 2012 earnings of $9.7 million, or 81 cents per diluted share, on revenue of $219.million. Wall Street analysts had anticipated a net profit of six cents per diluted share in the quarter.
Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain significant items discussed below, G&W's adjusted net income in the first quarter of 2013 was $48.9 million, compared with adjusted net income of $25.0 million in the first quarter of 2012, the company said.
GATX Corp. on Wednesday announced a new classroom railcar will be put into service along with its TankTrainer, a tank car developed to provide hands-on training in maintenance and operation.
Fairport, N.Y.-based RailComm said Friday it has provided a yard control system, as well as remote control blue flag protection, to a yard in Alliance, Neb.
MTA New York City Transit Thursday officially established 30 subway stations on Manhattan's West Side as accessible to Wi-Fi needs. MTA officials were joined by executives from four companies in making the announcement at the Times Square subway stop: AT&T, Boingo Wireless, Transit Wireless, and T-Mobile USA.
Restating Oregon's official position even as the state commits to brinksmanship, Oregon Gov. John Kitzhaber's office continues to insist the proposed $3.4 billion bistate Columbia River Crossing will die if Washington state tries to remove the light rail transit portion from the bridge project, as several Washington state elected officials have attempted.
GATX Corp. Thursday reported first-quarter net income of $27.1 million, or 57 cents per diluted share, down from $30.3 million, or 64 cents per diluted share, in the first quarter of 2012. Results fell short of Wall Street analyst expectations. Revenue of about $272 million was in line with expectations.