Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of 2011. Per-share earnings, however, did beat Wall Street analyst estimates by 11 cents. Net income for full-year 2012 was $1.7 billion, or $5.37 per diluted share, compared with $1.9 billion, or $5.45 per diluted share, earned in 2011.
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings met Wall Street consensus analyst estimates.
The American Railway Engineering and Maintenance-of-Way Association (AREMA) Educational Foundation said Tuesday it is now accepting applications for the 2013 Scholarship Program. The deadline for applications is March 8, 2013.
GE Transportation's fourth-quarter results included $252 million in earnings, or "segment profits," in the fourth quarter, up 11.5% from $226 million in the comparable 2011 quarter.
For the second week of 2013 (and the first week fully within the calendar year), U.S. freight traffic mirrored its most common measure through most of 2012: U.S. carload freight fell; U.S. intermodal volume advanced.
MTA Long Island Rail Road Wednesday said its oft-delayed plans to increase track capacity on its Ronkonkoma Line is back in play. LIRR hopes to double-track 18 miles of the route between Ronkonkoma and Farmingdale, N.Y.
The Real Estate Board of New York (Rebny) marks its 117th annual banquet Thursday, Jan. 17, 2013, with its usual figurative issues on its Manhattan-shaped plate. But this year, add a surprise side dish: Extending the No. 7 subway to New Jersey.
Alstom and Williams Hybrid Power Thursday announced they have signed an agreement to apply Williams Hybrid Power's energy storage technology to Alstom's Citadis light rail transit (LRT) vehicles by 2014.
Driven by increases on its Hiawatha Line light rail transit option, Metro Transit ridership on both bus and LRT increased 0.2% in 2012, to more than 81 million riders, compared with a year earlier, the Twin Cities agency says.
CN and the Indiana Rail Road Co. on Wednesday announced plans to construct an intermodal terminal in Indianapolis, designed to offer Indiana importers and exporters an all-rail option for containerized products moving to and from Asia.
The House of Representatives late Tuesday approved at least $50 billion in relief aid for victims of Hurricane Sandy, including $5.4 billion for "Department of Transportation-Federal Transit Authority Emergency Relief."