Wabtec Corp. Wednesday morning reported net income from operations of $104 million, or earnings of $1.44 per diluted share, for the first quarter of 2013, up 18% from the same quarter in 2012 and a record.
The general manager of New Orleans' Regional Transit Authority Tuesday set forth a proposal for expanding the Crescent City's venerable streetcar system, though funding for such work was not identified.
Canadian Pacific early Wednesday reported first-quarter net income of C$217 million, or C$1.24 per diluted share, up sharply from C$142 million, or 82 Canadian cents per share, in the first quarter of 2012—a 51% improvement in earnings per share. Earnings beat Wall Street consensus estimates of C$1.21 per share for the quarter.
Norfolk Southern Corp. Tuesday afternoon reported a first-quarter 2013 net profit of $450 million, or $1.41 a share, up from $410 million, or $1.23 a share, in the first quarter of 2012. First-quarter results included a gain from the sale of land to the Michigan Department of Transportation, which increased net income by $60 million, or 19 cents per diluted share.
The Federal Transit Administration has given its environmental approval for Detroit to construct an initial 3.3-mile streetcar line along Woodward Avenue from downtown Detroit to the New Center area.
Kansas City officials say they'll seek streetcar rolling stock through options already held by Cincinnati or Salt Lake City, which are advancing their own streetcar lines.
The Royal Canadian Mounted Police arrested two men April 22 who had been planning to bomb a Via Rail Canada passenger train. One was arrested in Toronto and one near Montreal following a lengthy counter-terrorism investigation, “Project SMOOTH,” that began in August 2012 and included the FBI.
CN Monday reported first-quarter net income of C$555 million, or C$1.30 per diluted share, down from net income of C$775 million, or C$1.75 per diluted share, in the first-quarter of 2012.