Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly as well, at 82 Canadian cents per share for the first quarter, up 62 Canadian cents or 310% from a year ago.
U.S. freight carload traffic for the week ending April 14, 2012 continued to fall short of 2011 levels, down 6.4% measured against the comparable week last year, the Association of American Railroads reported Thursday.
CN Wednesday gave indications that it might be interested in purchasing Ontario Northern Railroad operations in whole or part.
Bombardier Transportation said Thursday it has delivered "the world's first application of a European Rail Traffic Management System (ERTMS) regional solution on the Västerdal line in Sweden."
Initially caught off-guard from an unsolicited bid March 8 by Kiewit Infrastructure Group to build a FasTracks light rail transit line, Denver's Regional Tranportation District Wednesday said it has evaluated the bid, "and has found it worthy of moving forward to a competitive procurement process."
Faced with the need to replace what one official calls the oldest rapid transit cars "currently running in the country," BART is readying a $3.2 billion order for 775 new cars which it hopes will be built and assembled in the U.S.
The Surface Transportation Board Wednesday announced approval of a trackage rights exemption sought be WFEC Railroad Co. "to grant limited nonexclusive overhead trackage rights to Kiamichi Railroad LLC (KRR), over its entire line" of roughly 15 miles.
Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street's consensus analyst estimates of $395 million, or 35 cents per share.
Seeking to improve capacity and reduce scheduling conflicts, MTA Long Island Rail Road Tuesday said it plans to begin double-tracking 12.6 miles of LIRR's Ronkonkoma Branch route between Farmingdale and Ronkonkoma, N.Y., two years ahead of the previous schedule.
INIT said Tuesday that GO Transit, a division of Metrolinx, has chosen the company to deploy a new fleet management system for 47 GO Transit railcars, as well as 424 GO buses and 50 non-revenue vehicles.
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter's long-expected cancelation of a $166 million maintenance contract.
With the addition of the United States and Hungary, InnoTrans 2012 will have a record 32 countries mounting combined national and regional displays of their transport technology at the ninth InnoTrans in Berlin Sept. 18-23.
Saskatchewan's provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
BNSF President and Chief Operating Officer Carl Ice will deliver the keynote speech Sept. 24 to the Opening General Session of the Railway Supply Institute's RSI/CMA 2012 Conference and Trade Show in Chicago.
In his proxy fight for control of Canadian Pacific, Pershing Square Capital Management hedge fund chief Bill Ackerman contends that the railroad's management has failed to seize opportunities to improve its performance.
MTA Metro-North Railroad said Friday its systemwide on-time performance was 98.8% during the first quarter of 2012, claiming it was "the best quarter in Metro-North's history."
The Surface Transportation Board says Michigan's Department of Transportation has filed an Acquisition Exemption, requesting permission for MichDOT to acquire two sections of NS rights-of-way totaling about 135 miles.
Michigan's Department of Transportation, Norfolk Southern Corp., and Amtrak reportedly have reached agreement on work designed to remove or reduce slow orders NS imposed last month on right-of-way between Kalamazoo, and Dearborn, Mich., the latter city just west of Detroit.
Greenwich, Conn.-based Genesee & Wyoming, Inc. said Friday its March 2012 traffic volume fell 13.6% compared with the same month a year ago. As well, GWI's first-quarter traffic volume declined, though less dramatically, by 9.2% measured against the comparable quarter in 2011.
A King County, Wash., judge has dismissed a suit filed by six bicyclists who said the city of Seattle was negligent in the way it installed tracks for the South Lake Union Streetcar (SLUS), the city's first modern streetcar line.