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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Monday, 05 November 2012 12:35

For NJT, equipment damage looms large

New York-area residents attempted some resumption of "normal" travel-to-work routine Monday, with varying degrees of success. But New Jersey residents may be deprived of adequate rail transit alternatives for far longer than their counterparts in New York State and Connecticut may expect, in large part due to damaged rolling stock and locomotives.

New York Air Brake and its Train Dynamic Systems Division announced that the company's facility in Irving, Tex., has passed an intensive audit and has been recommended for accreditation for the ISO 9001:2008 standard.

Monday, 05 November 2012 10:57

For Greenbrier Cos., a record fiscal year

Fiscal year 2012 was a record one for The Greenbrier Cos., both in terms of earnings and revenue, the Lake Oswego, Ore.-based company said. The company's fiscal year ended Aug. 31, 2012.

Friday, 26 October 2012 11:05

BART taps Cubic for fare collection system

Bay Area Rapid Transit District (BART), expanding its system from its namesake territory into California's Silicon Valley, has awarded a $10 million contract to Cubic Transportation Systems, Inc., to install a regionally interoperable Clipper® Card payment system to its new customers.

Friday, 26 October 2012 09:15

Santa Ana next in line for LRT?

Expanding light rail transit reach in the Los Angeles basin could next include a 20-mile LRT line from LA's Union Station to downtown Santa Ana, in Orange County, Calif.

Friday, 26 October 2012 08:27

Iowa Pacific eyes Adirondack tourist train

Iowa Pacific Holdings, LLC and the Adirondack Rail Preservation Society (ARPS) have reached a Memorandum of Understanding to establish tourist passenger service on the Adirondack Railroad, linking its namesake state park in upstate New York to New York City with Pullman sleeping car service.

Thursday, 25 October 2012 10:51

U.S. freight slump hits more commodity groups

For the week ending Oct. 20, 2012, a key difference in the continuing slump in U.S. freight carload traffic is the number of commodity groups affected, according to data released Thursday by the Association of American Railroads.

American Railcar Industries, Inc. late Wednesday reported third-quarter net earnings of $14 million, or 66 cents per share, which ARI said was "a new quarterly record," and up dramatically from $4 million, or 19 cents a share, in the third quarter of 2011.

Thursday, 25 October 2012 08:06

Islanders to Brooklyn: Net(s) plus for rail

Studies suggest that new sports arenas, or relocation of professional sports teams, don't really benefit or bolster a local economy. Perhaps, instead, they reflect the locale's existing health. So it seems for Brooklyn (Brooklyn is back!), in three years to be home to the National Hockey League's New York Islanders. But an underlying reason—in this case, literally under—is the superior rail access.

Wednesday, 24 October 2012 10:48

Anaheim City Council OKs streetcar proposal

The Anaheim, Calif., City Council, in a split 3-2 vote, has advanced a 3.2-mile streetcar plan that would serve, among other points, the original Disneyland.

Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in the third quarter of 2011. That surpassed Wall Street consensus expectations of C$1.23 per share.

Wednesday, 24 October 2012 09:37

Toronto subway extension faces delay

A Toronto Transit Commission report prepared Oct. 10, scheduled to be released Wednesday during a TTC meeting, says the TTC's Toronto-York Spadina subway extension will be completed about one year behind schedule, moving the opening date back to roughly autumn, 2016.

Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter of 2011. But earnings per share surpassed by one penny Wall Street consensus analysts' latest target of $1.23 per share.

Tuesday, 23 October 2012 10:20

Iowa Pacific acquires Cape Rail, Inc.

Chicago-based Iowa Pacific Holdings, LLC Tuesday announced its acquisition of a controlling interest in Cape Rail, Inc., and its subsidiaries, Massachusetts Coastal Railroad, LLC and Cape Cod Central Railroad.

Tuesday, 23 October 2012 10:09

CSX marks National Gateway "midway point"

CSX Chairman, President, and Chief Executive Officer Michael J. Ward Tuesday joined federal, state, and local officials from Pennsylvania to mark the midway point of progress on the first phase of projects for the National Gateway, the $850 million public-private partnership designed to improve freight rail traffic flows between the Midwest and the East Coast.

Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street consensus estimates. Net income attributable to Wabtec shareholders increased to $62.99 million from $46.60 million a year ago. The company's third-quarter sales of $588 million was up 18% from the year-ago quarter.

Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the third quarter of 2011. The results were in line with Wall Street consensus estimates of C$1.52 per share.

Monday, 22 October 2012 09:54

D.C. readies streetcar tests

Streetcar tests are slated to start this winter in Washington, D.C.'s Southeast, specifically in Anacostia along S. Capitol Street, according to the District Department of Transportation (DDOT). But a revenue service startup date is still uncertain.

Figures released by the Surface Transportation Board Friday show Class I railroads employed 160,428 people in mid-September, up a modest 0.12% from September 2011, but down 1.39% (95 employees) from August 2012.

Erie, Pa.-based GE Transportation notched revenue of $1.4 billion in the third quarter, up 9% from the same period a year ago, and a profit of $265 million, up 35% from $197 million in the third quarter of 2011.

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