The Surface Transportation Board Wednesday announced "two initiatives to explore ways to further protect captive shippers from unreasonable rail rates."
STB said it proposes to reform its rules on how it resolves rate disputes "to ensure that all captive shippers have a meaningful way to challenge rates." STB also will be "taking steps to consider a proposal submitted by The National Industrial Transportation League (NITL) to increase rail-to-rail competition."
American Railcar Industries, Inc. late Wednesday said its second-quarter consolidated earnings from operations set a new quarterly record of $26.0 million, more than triple the $8.2 million for the second quarter of 2011.
Arizona's Maricopa Association of Governments (MAG) Wednesday approved plans for the "Phoenix West" extension of Valley METRO light rail transit.
New York's Metropolitan Transportation Authority says tunnel boring for its East Side Access project has been completed, clearing the way for infrastructure work, including laying track, for eventual Long Island Rail Road service to Grand Central Terminal in Manhattan.
Denver's Regional Transportation District on Tuesday unanimously approved a design-build contract with Kiewit Infrastructure Co. to extend RTD's light rail system to Aurora, Colo.
L.B. Foster Co. said Wednesday it has been awarded the company's largest rail products contract, valued at approximately $60 million, by contractor Kiewit/Kobayashi, a joint venture for the construction of the Honolulu Authority for Rapid Transportation (HART) passenger transit system in Hawaii.
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
Rail Logistics Tuesday said that due to "continued growth," the company's Cold Train service is expanding its Washington State-based refrigerated container fleet to 300 state-of-the-art 53-foot containers (built by Hyundai), and will also be expanding its service territory this year.
Bombardier Transportation said Tuesday that it and consortium partner Vossloh Kiepe has signed an option to supply 20 additional Flexity Swift light rail vehicles (LRVs) to Transport for Greater Manchester's (TfGM's) Metrolink system.
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to roughly $1.4 billion.
The Arlington County Board in Virginia voted Saturday to spend $2.4 billion during the next decade for numerous infrastructure projects, including investment in its two streetcar lines, each extending from Metrorail's Pentagon City Station.
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second quarter of 2011.
New York's Metropolitan Transportation Authority Thursday said it would add or extend regional rail, subway, and bus services, most of which had been curtailed or discontinued due to earlier budget crises.
The American Short Line and Regional Railroad Association (ASLRRA) Friday said it had reached a major milestone "by securing the 51st Senate co-sponsor of legislation to extend the short line rehabilitation tax credit (45G). The legislation has now been sponsored by a majority of both Houses of Congress."
Erie, Pa.-based GE Transportation Friday announced the rollout of the 5,000th Evolution Series Locomotive, in production since since 2005.
Transportation management company OmniTRAX, Inc. said late Thursday that Managing Director and Executive Vice President Mike Ogborn will retire. No specific date was given.
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter of 2011. Adjusted earnings results of 80 cents per share, however, still beat Wall Street consensus analyst expectations of 61 cents per share.
Freight carload traffic volume and intermodal movements notched a North American trifecta in the week ending July 14, 2012, measured against the comparable week of 2011, the Association of American Railroads reported Thursday.
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22 billion in the quarter, outstripped Wall Street consensus analyst estimates of $1.97 earnings per share on revenue of $5.23 billion. Both categories were all-time highs for the company.