New York MTA’s two regional railroads, Metro-North Railroad and the Long Island Rail Road, on Monday presented a formal “Pledge to Customers” during the MTA Railroad Committee meeting, with both entities promising, in writing, to provide safe and reliable service.
CSX Corp. Monday said it had appointed Oscar Munoz as executive vice president and chief operating officer and appointed Fredrik J. Eliasson as executive vice president and chief financial officer, effective immediately.
Kansas City Southern late Monday said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million, up 11% from $135 million a year ago.
Railway Age is now accepting entries for its annual Short Line/Regional Railroad of the Year competition. Short lines and regionals—and there are more than 500 of them—are invited to submit entries describing outstanding achievement in one or a combination of areas.
Canadian National and Canadian Pacific reached separate 10-year agreements with Canpotex Ltd. to transport potash volumes that Canpotex ships to export markets. Under CP's agreement, CP will be Canpotex's principal Canadian railway, transporting a large majority of potash shipments to Canpotex's main terminal in Vancouver, British Columbia. In addition, in conjunction with Union Pacific, CP will transport significant Canpotex potash shipments to Portland, Ore.
Neuilly-sur-Seine, France-based Thales Group said Monday it has been awarded a contract by IHI Corp. to resignal and upgrade the automated people mover (APM) located within Hong Kong international airport.
Railway Age Publisher Jonathan Chalon on Friday announced the “official launch of the new Railway Age website.”
Erie, Pa.-based GE Transportation on Friday reported $1.5 billion in fourth-quarter 2011 revenue, up 43% year-over-year. Revenue for the full year 2011 was $4.9 billion, up 45% compared with fiscal year 2010. Segment profit for the fourth quarter was $226 million, up from $73 million in 2010. Full-year profit for GE Transportation was $757 million, up from $315 million in 2010.
Amtrak reportedly hopes to begin passenger rail service to Norfolk, Va., along the south side of the James River, by the end of the year.
The 1.7-mile Central Subway sought by San Francisco has received a “letter of non-prejudice” from the U.S. Department of Transportation, San Francisco Mayor Ed Lee says. The move clears the way for the city to commence construction on the underground LRT route, expected to cost $1.6 billion.
The Railway Supply Institute says its RSI 2012/2013 Academic Year Scholarship application is now available online. Applications and related materials are due on April 20.
U.S. freight carload traffic rose 5.5% for the week ending Jan. 14 compared with the second week of 2011, the Association of American Railroads said Thursday. U.S. intermodal volume also rose, up 7.4% for the week measured against the comparable period in 2011.
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter 2011, a record. For the full year 2011, UP reported income of $3.3 billion or $6.72 per diluted share, another record. This compares with $2.8 billion or $5.53 per share in 2010. The Class I railroad also outlined its planned 2012 capital investment program of "around $3.6 billion."
New York MTA Capital Construction (MTACC) says a study conducted by Parsons Brinckerhoff and reviewed by the U.S. Environmental Protection Agency found "no concerns that Second Avenue Subway construction is causing any danger to the public's health."
Canadian Pacfic on Thursday highlighted completed capital investments made to enhance its Locomotive Reliability Centre (LRC) in Toronto.
Canadian Pacific Railway said Thursday it has reached agreement with Canadian Tire Corp. Ltd., which extends to early 2017 and awards the railway with the vast majority of Canadian Tire's domestic container traffic.
CP said the agreement builds on the shared successes the companies have had in efficiently servicing Canadian Tire's dealers and corporate stores. Recent rail network enhancements completed at CP, and the work already underway to further maximize efficiencies through a facility co-location strategy, will allow the companies to continue to develop and improve the supply chain for Canadian Tire's growing retail business.
"We're delighted to renew our longstanding partnership with CP," said Pat Sinnott, executive vice-president, Supply Chain and Technology, Canadian Tire Corp. "We rely on rail extensively to get our goods to market. Rail is the most efficient and sustainable way to move our products and CP is a trusted partner that will enable us to continue to deliver products reliably to over 1,700 Canadian Tire, Mark's, and FGL Sports retail locations across the country."
"Our railway has been serving Canadian Tire, one of our largest intermodal customers, for more than eight decades and we will continue to execute on our solid operating plan to foster growth opportunities for both companies," said CP CMO and EVP Marketing & Sales Jane O'Hagan.
U.S. Class I railroads employed 159,717 workers in mid-December 2011, up 3.44% from a year earlier, though off 0.25% from November due to a seasonal drop in track maintenance employees.
CP sets 2012 capital plan Canadian Pacific Railway Wednesday announced that it will invest between C$1.1 billion and C$1.2 billion for infrastructure renewal, network enhancements, and expansion projects in 2012.
The AREMA Educational Foundation once again is offering scholarships to engineering students who are specializing in the railway industry and supports other educational and training endeavors that help to ensure the future of the profession.