St. Charles, Mo.-based American Railcar Industries late Wednesday reported record fourth-quarter earnings of $24.4 million, up from $5.1 million in the fourth quarter of 2011. Revenue for the quarter was $207.7 million, up 6% from revenue in the year-ago quarter and the highest since the third quarter of 2008, the company said.
Trinity Industries announced Wednesday that Rail Group orders for 5,620 new railcars during the fourth quarter pushed its backlog to 31,990 units valued at $3.7 billion. The Rail Group shipped 4,960 railcars during the fourth quarter and 19,360 during the full year.
MTA Metro-North Railroad could make access to Manhattan's Pennsylvania Station an official priority in its next five-year capital construction program to be released in 2014, despite decades of obstructions confronting the railroad.
FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net income of $8.5 million, or 71 cents per diluted share, on revenue of $187.1 million in the fourth quarter of 2011.
Wabtec Corp. said Tuesday record fourth-quarter earnings per diluted share of $1.34, 40% above EPS in the fourth quarter of 2011 and topping Wall Street analyst consensus estimates of $1.31. Sales also notched a record, at $610 million, just short of analyst estimates of $611 million, and driven by the company's Transit Group.
Claude Mongeau, president and chief executive officer of CN, on Tuesday announced the promotion of Jim Vena to executive vice-president and chief operating officer.
Fairport, N.Y.-based RailComm says Compania de Ferrocarriles Chiapas Mayab (FFCM), located in Merida, Yucatan, Mexico, has selected RailComm for its computerized Track Warrant Control System.
Lexington, Mass.-based RailRunner, N.A., Inc. said Tuesday Wolfgang Graff, vice president and chief operating and technology officer, will return to Germany next month to oversee European responsibilities for the company.
Calgary, the second North American city to commit to modernized light rail transit, may join the ranks of such cities also diversifying into streetcar operations.
Avtec Inc. said Friday it and CSX Transportation have entered into a multiyear, multimillion dollar contract to migrate all of CSX's mainline dispatching centers to Avtec's Scout pure-IP radio console with Enterprise Management capabilities.
Thales on Friday announced that it has been awarded a contract by Partnerships B.C. to install its SelTrac® Communications-Based Train Control (CBTC) on the new SkyTrain Evergreen Light Rapid Transit Line in Vancouver, British Columbia.
The Association of American Railroads said Thursday it “has modified the weekly rail traffic chart,” grouping its previous list of 20 commodities to 10 in its weekly charting of U.S. freight traffic. But the outcome remained the same for the week ending Feb. 9, 2013: down for freight carload traffic, up for intermodal volume.