GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter of 2011. Adjusted earnings results of 80 cents per share, however, still beat Wall Street consensus analyst expectations of 61 cents per share.
Freight carload traffic volume and intermodal movements notched a North American trifecta in the week ending July 14, 2012, measured against the comparable week of 2011, the Association of American Railroads reported Thursday.
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22 billion in the quarter, outstripped Wall Street consensus analyst estimates of $1.97 earnings per share on revenue of $5.23 billion. Both categories were all-time highs for the company.
Tucson's order of seven streetcars from United Streetcar, LLC isn't adequate to serve the city's four-mile line, now under construction, the Federal Transit Administration says. FTA recommends an eighth car be purchased.
The North American representative office of InnoTrans said Wednesday that discount registration is being offered to all prospective North American attendees of the show.
Hit-or-miss efforts (mostly miss) by the U.S. Postal Service to move mail by railroad have characterized the mode's declining mail modal share for decades, but the USPS is once more eyeing freight railroads as a way to lower costs and improve efficiency.
Canadian Pacific and Smart Sand, Inc., Wednesday announced a strategic long-term partnership "under which the two companies will supply and ship premium, Northern White frac sand to the unconventional oil and gas industry in key North America producing regions (including the Bakken and Eagle Ford formations, and the Utica and Marcellus Shales)."
Alstom says it has signed a contract with Danish railway infrastructure owner Banedanmark to deliver on-board equipment to railway operators in Denmark, and to equip 503 train cars with Atlas ERTMS1 signaling capabilities.
Canada's capital city on Monday said it "has received Federal Environmental Assessment approval for the Ottawa Light Rail Transit (OLRT) project."
July 19, 2012 marks the 25th anniversary of Red River Valley & Western Railroad Co. (RRV&W), based in Wahpeton, N.D., the regional railroad announced Tuesday.
Wi-Tronix, LLC on Monday thanked "everyone who attended this year's Users Conference," the first such conference the company held to tap the expertise of "over 100 industry leaders to share, discuss, and learn best practices for implementing the Wi-Tronix remote monitoring solutions."
Any attendees at the UIC 8th World Congress on High-Speed Rail in Philadelphia last week still skeptical of Transportation Secretary Ray LaHood's belief in HSR likely had those doubts removed.
Greenwich, Conn.-based Genesee & Wyoming, Inc. Monday released its freight traffic results for the second quarter, noting total freight carload traffic fell 6.9% compared with the second quarter of 2011.
Bombardier Transportation is promoting its Flexity Freedom streetcar design to cities in western Canada this summer, with the company displaying the low-floor wireless streetcar design in Edmonton, Alberta, this past weekend.
Mississauga, Ontario-based Trapeze Group Friday said the Metropolitan Transit Authority of Harris County (Houston Metro) has chosen the company's Enterprise Asset Management (EAM) technology for Metro's rail and bus operations.
Fairport, N.Y.-based RailComm said Friday it has been chosen to provide its state-of-the-art Domain Operations Controller (DOC®) train control system for Emmett, Idaho-based Rio Grande Pacific Corp. (RGPC).
Over the last six months or so as I've made my rounds visiting short lines, regional railroads, and Class I's from the locomotive cab to the executive suite, I've found a refreshing sense of renewed purpose. I'm seeing a real desire to find the right combination of professionalism, accommodation, and consistency that will build a sustainable and profitable enterprise.
The Federal Transit Administration (FTA) on Tuesday gave Charlotte Area Transit System (CATS) approval to proceed to Final Design of Charlotte's 9.3-mile LYNX Blue Line Extension project, also called the "Northeast Corridor."
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
New Jersey Transit Monday said its RiverLINE passenger rail service has resumed regular service, more than 10 months after Hurricane Irene savaged large swaths of the Northeast.