FreightCar America, Inc. reported a third-quarter loss in both revenue and earnings Wednesday, Oct. 29, 2013, driven in large measure by lower railcar deliveries, according to one Wall Street analyst.
The beleaguered St. Louis Loop Trolley proposal, already scrambling to meet federal funding requirements, has been sued by plaintiffs alleging it seeks to run beyond its authorized boundaries.
Trinity Industries, Inc. reported record third-quarter earnings after the closing bell on Wall Street Wednesday, Oct. 30, 2013, surpassing Wall Street consensus analyst estimates.
MTA Long Island Rail Road President Helena E. Williams and New York State Assemblywoman Barbara Clark on Oct. 30, 2013 marked the renovation of Queens Village Station, located within the namesake New York City borough.
Washington, D.C.'s District Department of Transportation (DDOT) on Tuesday, Oct. 29, 2013 released its recommended preference for a streetcar line linking Union Station with the tony Georgetown neighborhood, primarily along K Street.
Depending on your energy viewpoint, credit California—or blame it—for coal's very uncertain future as a primary energy source, or even the primary freight volume mainstay.
The Chicago Transit Authority on Monday, Oct. 28, 2013, objected strongly to a downgrade of its credit rating made last week by Moody's Investors Service.
The back-and-forth decision-making involving the fate of Toronto's Scarborough Line rehabilitation has cost Ontario at least C$68 million (US$65 million) in contract costs, including penalties, claimed by Bombardier Transportation, a Bombardier spokesman told Railway Age Monday, Oct. 28, 2013.
Wabtec Corp. said Sunday, Oct. 27 , 2013 Patrick D. Dugan has been named executive vice president and chief financial officer effective Jan. 1, 2014. Dugan will succeed Alvaro Garcia-Tunon, who is retiring, though Garcia-Tunon will remain with the company as a strategic adviser.
The Alaska Railroad Board of Directors has named Bill O'Leary President and CEO of the Alaska Railroad, succeeding Chris Aadnesen. O'Leary will start in his new position this Friday, Nov. 1, 2013.
Right-of-way used by Ohio short line Youngstown & Southern Railroad (Y&SR), currently owned by the Columbiana County Port Authority (CCPA), may soon be sold to Mule Sidetracks LLC, a noncarrier, for an estimated $3 million.
Bicycles will be allowed aboard BART trains at all times, including rush hours, following a unanimous vote Thursday, Oct. 24, 2013 by the BART Board of Directors to lift existing restrictions.
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
Dallas Area Rapid Transit (DART) has selected Blue Alliance Partners (BAP) as lead designer for the $101 million South Oak Cliff Extension 3 project, an extension of DART’s Blue Line light rail transit system. BAP is a joint venture of HNTB and Dikita Enterprises, Inc.
North America’s largest railroads saw gains in both freight carload traffic and intermodal volume during the week ending Oct. 19, 2013, the Association of American Railroads reported Thursday, Oct. 24.
Wilmerding, Pa.-based Wabtec Corp. reported Thursday, Oct. 24, 2013 third-quarter earnings of $73.9 million, or 76 cents per share, up about 17% from $63 million, or 65 cents per share, in the same period a year ago. Revenue was also up 8% to $631.4 million in the quarter compared with $587.6 million in the third quarter of 2012.
Chicago-based GATX Corp. Thursday, Oct. 24, 2013 reported third-quarter net income of $53.8 million, or $1.15 per diluted share, compared with net income of $53.8 million, or $1.13 per diluted share, in the third quarter of 2012.
Houston's North Rail Line will open for service on Dec. 21, 2013, according to Metropolitan Transit Authority of Harris County officials addressing a luncheon held by the Greater Houston Partnership Tuesday, Oct. 22.
Norfolk Southern Wednesday, Oct. 23, 2013 reported third-quarter net income of 482 million, up 20% from the $402 million reported in the third quarter of 2012. Diluted earnings per share were $1.53, up 23% compared with $1.24 per diluted share in comparable quarter last year.
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's 3Q12 income of C$224 million or C$1.30 per share.