U.S. freight traffic continued gaining ground during the week ending Nov. 29, 2014, with U.S. freight carload traffic returning to the win category after a one-week hiatus, the Association of American Railroads said Thursday, Dec. 4. The gains bolstered increased U.S. traffic levels recorded for the month of November.
CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials Conference in New York on Wednesday, Dec. 3, 2014.
The Federal Railroad Administration said Wednesday, Dec. 3, 2014 it intends to grant both Amtrak and the California High-Speed Rail Authority waivers from its "Buy America" requirement for the non-domestic final assembly of up to four prototype Tier III high speed rail train sets.
Cincinnati has been assigned the fiscal streetcar burden foisted on other cities, in its case by a judge declaring Duke Energy is not responsible for the cost of moving utilities under streetcar rights-of-way in the city.
The Federal Transit Administration has pledged about $996 million in "New Starts" funding to support extension of Massachusetts Bay Transportation Authority's (MBTA) Green Line from Cambridge to Somerville and Medford.
A report prepared by The Brattle Group on Tuesday, Dec. 2, 2014, states that a new proposed rule on railroad tank cars could cost the U.S. economy as much as $60 billion.
Thales Chairman and CEO Jean-Bernard Levy has tendered his resignation to the company's Board of Directors, ending a stint at the helm of the company that began in 2012.
Huber+Suhner says it has been awarded a contract by Hitachi Rail Europe to supply a range of its RADOX® cables and SENCITY® Rail antennas for use in the train control and safety systems of the Intercity Express Program (IEP) Class 800/801 trains in the United Kingdom.
U.S. freight carload traffic declined during the week ending Nov. 22, 2014, ending a long winning streak, the Association of American Railroads reported, though intermodal volume and overall U.S. rail traffic still scored gains.
Greenville, S.C.-based Greenville & Western Railway Co. (GRLW) has opened its Big Creek Machinery Distribution Hub, located in Williamston, S.C., President and CEO Steven C. Hawkins says.