The Surface Transportation Board late Thursday said it “has jurisdiction over the California High-Speed Rail Authority's proposed construction of the California High-Speed Train System, including the approximately 65-mile section that it proposes to construct between Merced, California, and Fresno, California.”
Kansas City Southern early Friday reported first-quarter revenue of $553 million, up 1% from the comparable quarter in 2012 and a record. Net income was $94 million, or 94 cents per diluted share, up 25% compared with $75 million, or 68 cents per diluted share, in the comparable 2012 quarter, and beating Wall Street consensus estimates by three cents.
Union Pacific Thursday reported net income of $957 million, or $2.03 per share, in the first quarter of 2013, up from $863 million, or $1.79 a share, in the first quarter of 2012. The results also beat Wall Street consensus earnings estimates of $1.95 a share.
U.S. freight carload traffic fell, and U.S. intermodal volume increased during the week ending April 13, 2013, the Association of American Railroads reported Thursday, as overall U.S. traffic resumed a predominant trend.
New York media late Wednesday marveled over the planned return this summer of the sole "name" train on the Long Island Rail Road: The Cannnonball. More relevant to potential passengers is the venerable train's reassigned western origin point: New York-Penn Station.
CSX Corp. late Tuesday said it notched earnings of $459 million, or 45 cents per share, in the first quarter, up from $449 million, or 43 cents per share, in the first quarter of 2012, on revenue of about $2.96 billion, almost identical to that of a year ago.
Figures released Wednesday by the Railway Supply Institute's American Railway Car Institute (ARCI) Committee show 23,901 cars were ordered in the first quarter of 2013, while 11,952 cars were delivered, with a backlog of 71,704 cars, all up from the fourth quarter of 2012.
Washington State legislative Democrats still hope to advance a transportation tax package that would fund up to $8.4 billion of projects statewide, including the contentious Columbia River Crossing (CRC) that would carry road and passenger rail traffic across the namesake river, linking Vancouver, Wash., with Portland, Ore.
Lilee Systems and Alstom Tuesday jointly announced the launch of what they called a "new, first-of-its-kind suite of interoperable Positive Train Control (PTC) products for rail lines."
Bombardier Transportation said Monday it has signed a contract with the Florida Department of Transportation to provide operations and maintenance services for the Central Florida Commuter Rail Transit project, commonly called SunRail, worth about $195 million.
U.S. freight carload traffic for the week ending April 6, 2013 gained ground, up 3.7%, measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal volume also advanced, though more modestly, up 0.2%, from the comparable week last year. Total U.S. traffic for the week was up 2.1%.
Continuing to back up his political position established in his first term, President Obama Wednesday included considerable funding for rail and rail transit projects in his proposed fiscal year 2014 budget. Longer-term, the President also is advocating investment of $40 billion in passenger rail projects in the next five years. But the proposal, while a good placeholder and a rallying marker for pro-rail forces, is unlikely to survive intact.
Genesee & Wyoming Inc. Thursday reported results for March and first-quarter traffic, in part based on comparing its current numbers to 2012 results as if its acquisition of RailAmerica were in place during the first quarter of 2012.
Association of American Railroads (AAR) President and CEO Edward R. Hamberger on Wednesday told the Senate Committee on Commerce, Science, and Transportation that freight railroads are positioning themselves to meet future transportation demands in this country, including those related directly and indirectly to the expansion of the Panama Canal.
Countering a blanket dismissal one year ago from the then-chair of the Metropolitan Transportation Authority, a 61-page study prepared for the City of New York asserts a No. 7 subway line extension under the Hudson River, linking Manhattan with New Jersey points, is worth pursuing.
Michigan Technological University and the University of Wisconsin-Superior have announced the 4th annual Rail and Intermodal Transportation Summer Youth Program, set for July 7-13, 2013. The full scholarship, weeklong exploration is designed for high school students (grades 9 through 11) to create an awareness and interest in rail and intermodal transportation.
A 21-page study published on the website dcstreetcar, released Monday, urges Washington, D.C. to reconsider the eastern terminus for the H Street/Benning Road streetcar line, now slowly advancing into construction phases after numerous delays.
After two years and one month of blasting, New York's Metropolitan Transportation Authority announced Tuesday that sandhogs working on the East Side Access project have concluded more than 2,400 controlled explosions under Grand Central Terminal in the building of two caverns 160 feet below the streets where eight tracks for Long Island Rail Road trains will be laid.
Utah Transit Authority will open its Airport TRAX light rail transit line Saturday, April 13, with daylong festivities and a food drive benefitting the Utah Food Bank.
Amtrak Tuesday said ridership continues to grow on the nation's intercity passenger railroad, with records continuing to be set, including for the first six months of fiscal year 2013, which began Oct. 1, 2012.