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.
NYC official: Newark Airport rail access is good for New York and the region! It's unlikely that New York City Transit will ever operate subway trains to or from Newark Liberty International Airport in New Jersey.
L.B. Foster Co. is delivering rail and trackwork products valued at $3.4 million for the construction of 8.5 miles of track at the new Vallourec & Mannesmann Tubes Star Steel pipe mill in Youngstown, Ohio. The contractor is Wintrow Construction of Barberton, Ohio.
The New York Metropolitan Transportation Authority says its new FASTRACK maintenance strategy has produced " unprecedented productivity gains." Under that strategy, while lines are closed overnight for track maintenance, a first for a 108-year-old subway system that has taken pride in running its trains 24/7.
Faiveley Transport says it has signed an agreement to acquire a controlling interest in Graham‐White, a designer and manufacturer of compressed air drying technology and brake components for locomotives and rail transit markets.
Green Bay, Wis.-based Schneider National, Inc., announced Tuesday it has signed a new, multiyear agreement with CSX Transportation, under which the Class I railroad will serve as one of Schneider’s primary rail providers. The agreement sets the stage for sustained, long-term service within the Eastern U.S. as Schneider’s intermodal freight volumes continue to increase, the company said.
Chesapeake, Va.-based INIT Innovations in Transportation, Inc. said Tuesday that, in partnership with Simtech, LLC, a supplier of customized electronic products, it has opened Superior Quality Manufacturing (SQM) to produce a variety of electronic modules and devices featuring components such as computer boards and LED panels.
Fairport, N.Y.-based RailComm said Monday it has upgraded its existing yard system at BNSF Corwith’s mechanical facility in Chicago.
Representatives of InnoTrans 2012 note the deadline for registering is Feb. 15, “only four weeks,” for the event, set on the Berlin Exhibition Grounds in Germany Sept. 18-21.
Registration is now open for this year’s Railroad Day on Capitol Hill, set for Thursday, March 8. Attendance is open to all Class I, II, and III railroad personnel, shippers, state and local government representatives, as well as members from the supplier community with an interest in furthering the political goals of the railroad industry.
What's passenger rail's potential modal split in the U.S.? That's something to ponder as rail transit gathers strength in an auto-dependent nation during the 21st century.
Even ardent pro-rail advocates probably hesitate to suggest rail's percentage of passenger trips could ever challenge the mode's glory days of the late 19th century, or even the heightened levels necessitated by World War II.
On Jan. 3 the Railway Supply Institute noted a lobbying effort by the trucking industry could encourage Congress to increase truck sizes and/or truck weight on the nation's roadways in the next surface transportation bill, now being considered; in both the House and the Senate.RSI calls this effort "the biggest threat we have seen in more than 20 years."