The slow-motion car crash, 60 years running, has finally reached its point of no return. Detroit has fiscally fallen. And it's still without serious rail transit to help it.
GATX Corp. Thursday, July 18, 2013, reported higher second-quarter net income of $35.1 million, or 74 cents per share, compared with $23.5 million, or 49 cents per share, in the second quarter of 2012.
Union Pacific recorted second-quarter earnings of $2.37 per share, or $1.1 billion, up from $2.10 a share, or $1 billion, in the second quarter of 2012, the Omaha-based Class I railroad said Thursday, July 18, 2013.
Following two weeks of digression from a repeating pattern, U.S. freight traffic resumed its standard mix – freight carload traffic down, intermodal volume up – in the latest week ending July 13, 2013, according to the Association of American Railroads.
The Charlotte Area Transit System (CATS) scheduled a groundbreaking ceremony today, July 18, 2013, to mark the start of extending Lynx light rail transit 9.7 miles to the University of North Carolina-Charlotte campus.
Arlington County, Va., board members voted 4-1 Tuesday, July 16, 2013, to support an updated agreement with neighboring Fairfax County to advance the Columbia Pike Streetcar project.
Struggling for years against a hostile sentiment from the state government and some surrounding county organizations, Cincinnati city officials are shrugging off resistance to a proposed initial streetcar line, signing a construction contract with Messer/Prus/Delta Joint Venture to proceed.
Kansas City, Mo., has selected Herzog Contracting Corp., in conjunction with Stacy and Witbeck, Inc. as finalists for a $102 million contract to build the city's initial 2.2-mile streetcar line.
CSX late Tuesday, July 16, 2013, reported second-quarter earnings of 52 cents per share, or $533 million, on revenue of $3.1 billion, up from earnings $512 million, or 49 cents per share, on revenue of $3.0 billion, in the second quarter of 2012.
Wabtec Corp. said July 15 that it has signed a $21 million contract with SNIM (Société Nationale Industrielle et Minière), the National Industrial and Mining Co. of Mauritania, to provide bogies for new iron ore freight cars.
Metro-North Railroad provided an update Monday, July 15, 2013, on its program to upgrade its right-of-way in the Bronx, N.Y., between Melrose and Woodlawn, used by both Harlem Line and New Haven Line services.
Two Metropolitan Transportation Authority properties, the Long Island Rail Road and MTA New York City Transit, are offering more train service to and from Citi Field in Queens, N.Y., as Major League Baseball's New York Mets host the 2013 All-Star Game Tuesday, July 16.
The San Bernardino Associated Governments has awarded a $600,000 contract to HDR Engineering to evaluate rail service to Los Angeles Ontario International Airport, located east of LA in Ontario, Calif.
The parking scramble officially begins this week for access to the new West Haven Station on Metro-North Railroad's New Haven Line, in anticipation of the station's opening for service on Aug. 18.
Short line Pacific Harbor Line, Inc. (PHL) and the Brotherhood of Locomotive Engineers and Trainmen (BLET) announced Monday, July 15, 2013, they have signed a new five-year labor agreement covering PHL's operating and maintenance of way employees.
A Riverside County, Calif.-based environmental group has dropped its lawsuit against a proposed 24-mile Metrolink rail extension, the Perris Valley Line, citing concessions being offered that are amenable to its concerns.
Stamford, Conn., interests unveiled a transit-oriented development (TOD) plan Thursday, July 11, 2013, designed in part to better tap passenger flows generated by the city's train station, served by both Metro-North and Amtrak.
Greenwich, Conn.-based Genesee & Wyoming, Inc. early Friday said its second-quarter "same-railroad" volume had increased 6.5% compared with the second quarter of 2012 led in large measure by a surge in petroleum and petroleum products movement.
Both U.S. freight carload traffic and U.S. intermodal volume advanced in the week ending July 6, 2013, measured against the comparable week in 2012, the Association of American Railroads reported Thursday, July 11.
Canadian Pacific and K+S Potash signed an "exclusive long-term volume-based contract" Wednesday, July 10, 2013, for the transportation of potash products from K+S' Legacy Site, CP said Thursday.