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.
When singer Richie Havens passed away April 22, many people who knew of him immediately remembered Woodstock. Me, too, but I also thought "Amtrak."
Down for freight carload traffic, up for intermodal: That once more describes U.S. freight rail volume, this time for the week ending April 20, 2013, according to the latest report by the Association of American Railroads.
American Railcar Industries late Wednesday reported first-quarter net earnings of $17.9 million for its first quarter ended March 31, up a substantial 49% from the prior-year quarter, mostly on strong tank car sales. But earnings of 84 cents per share disappointed Wall Street, where consensus analyst estimates forecast 96 cents per share.