The Surface Transportation Board Wednesday announced "two initiatives to explore ways to further protect captive shippers from unreasonable rail rates."
STB said it proposes to reform its rules on how it resolves rate disputes "to ensure that all captive shippers have a meaningful way to challenge rates." STB also will be "taking steps to consider a proposal submitted by The National Industrial Transportation League (NITL) to increase rail-to-rail competition."
American Railcar Industries, Inc. late Wednesday said its second-quarter consolidated earnings from operations set a new quarterly record of $26.0 million, more than triple the $8.2 million for the second quarter of 2011.
Arizona's Maricopa Association of Governments (MAG) Wednesday approved plans for the "Phoenix West" extension of Valley METRO light rail transit.
New York's Metropolitan Transportation Authority says tunnel boring for its East Side Access project has been completed, clearing the way for infrastructure work, including laying track, for eventual Long Island Rail Road service to Grand Central Terminal in Manhattan.
Denver's Regional Transportation District on Tuesday unanimously approved a design-build contract with Kiewit Infrastructure Co. to extend RTD's light rail system to Aurora, Colo.
L.B. Foster Co. said Wednesday it has been awarded the company's largest rail products contract, valued at approximately $60 million, by contractor Kiewit/Kobayashi, a joint venture for the construction of the Honolulu Authority for Rapid Transportation (HART) passenger transit system in Hawaii.
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
Rail Logistics Tuesday said that due to "continued growth," the company's Cold Train service is expanding its Washington State-based refrigerated container fleet to 300 state-of-the-art 53-foot containers (built by Hyundai), and will also be expanding its service territory this year.
Bombardier Transportation said Tuesday that it and consortium partner Vossloh Kiepe has signed an option to supply 20 additional Flexity Swift light rail vehicles (LRVs) to Transport for Greater Manchester's (TfGM's) Metrolink system.
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.