Douglas John Bowen

Douglas John Bowen

Douglas John Bowen is Managing Editor of RAILWAY AGE. He also served as Editor of Intermodal Age from 1989 to 1991, and has held various positions at Inbound Logistics magazine, High Speed Transport News, The Journal of Commerce, and CNN/Money. Bowen began his journalism career at the Asbury Park Press, a New Jersey daily newspaper. A graduate of Rutgers University, Bowen resides in Hoboken, N.J. He served as president of the New Jersey Association of Railroad Passengers (NJ-ARP) from 1987 to 2000 and again from 2004 to 2010, serving on the NJ-ARP board from 1984 until 2012; he remains a member of the statewide organization.

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Wednesday, 28 December 2011 09:39

Bombardier wins $296 million U.K. add-on order

Bombardier Transportation announced Dec. 28 it has secured an add-on order, worth $296 million, for 130  ELECTROSTAR electric multiple-unit (EMU) cars for the U.K.’s Southern rail operation.
Wednesday, 25 January 2012 09:07

Bombardier partnership eyes “green train"

New generation trains running on existing track can easily combine higher speeds, lower energy consumption, reduced noise, and lower costs, according to findings by Swedish researchers released Wednesday in Stockholm. The four-year project was supported by three major partners, including Bombardier Transportation, Bombardier said.

Tuesday, 24 January 2012 15:27

CN quarterly earnings beat Street

Canadian National Tuesday reported net earnings of C$592 million, or C$1.32 per share, up 18% from C$503 million or C$1.08 per share in the same quarter a year ago. Adjusted earnings of C$1.30 handily surpassed Wall Street consensus estimates of C$1.24. Revenue rose 12% C$2.38 billion, a record, that also surpassed Street estimates of C$2.30 billion.

Tuesday, 24 January 2012 15:06

Improvements spur PATH to ridership record

The bistate, trans-Hudson PATH rail system rolled to a record ridership 76.6 million trips in 2011, an achievement that the Port Authority of New York & New Jersey notes followed the investment of more than $1 billion in PATH during the past four years for new cars, station upgrades, and a new signal system.

Tuesday, 24 January 2012 13:32

CSX 4Q, full year set records; Street shrugs

CSX Corp. said late Monday fourth-quarter earnings of 43 cents per share, up 13% from 38 cents per share in the fourth quarter of 2010, as it recorded revenue of about $3.0 billion and operating income of $841 million. CSX also notched an operating ratio of 71.5%.

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.

Tuesday, 24 January 2012 09:38

CSX names Munoz COO, Eliasson CFO

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.

Tuesday, 24 January 2012 09:36

KCS notches records for 4Q, full year

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.
 

Monday, 23 January 2012 15:13

CN, CP reach accord for potash shipments

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.

Monday, 23 January 2012 10:43

Thales lands Hong Kong airport APM contract

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.

Monday, 23 January 2012 08:11

Railway Age launches new website

Railway Age Publisher Jonathan Chalon on Friday announced the “official launch of the new Railway Age website.”

Friday, 20 January 2012 11:07

GE Transportation hails healthy 4Q

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.

Friday, 20 January 2012 10:08

San Francisco Central Subway LRT OKd

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.

Friday, 20 January 2012 09:51

RSI Scholarship application now available

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.

Thursday, 19 January 2012 15:10

GATX posts strong railcar results

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."

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