CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42 cents per share, in the fourth quarter of 2013, and solidifying the Class I railroad's record earnings for the full year. Earnings per share met Wall Street analyst expectations.
Railway Age is now accepting entries for its annual Short Line/Regional Railroad of the Year competition. Short lines and regionals—and there are more than 500 of them—are invited to submit entries describing outstanding achievement in one or a combination of areas.
The Greenbrier Companies, Inc. announced its support for the National Transportation Safety Board on Tuesday, Jan. 13, 2015, for NTSB's placing tank car safety on its "Most Wanted List of Transportation Safety Improvements for 2015."
If New Jersey's transportation commissioner gets his way, no cutbacks will occur to PATH overnight service linking the Garden State and Manhattan, despite a report commissioned by the governors of New Jersey and New York recommending such cutbacks be evaluated.
With a public relations flourish, but no money yet identified to commit to the deed, New Jersey Transit on Monday, Jan. 12, 2015 announced "preliminary design plans" for an upgraded and restored station in Elizabeth, N.J., located on Amtrak's Northeast Corridor (NEC).
BNSF Railway is taking a second look at an earlier plan to purchase up to 5,000 tank cars for hauling oil products, following feedback from some of its customers, according to BNSF Chairman Matt Rose.
Sarah Feinberg, chief of staff for Secretary of Transportation Andrew Foxx, has been chosen to become Acting Federal Railroad Administrator, according to a Reuters report of an email sent by Foxx on Sunday, Jan. 11, 2015.
Bedford Park, Ill.-based Alpha Products, Inc., a metal fabrication and stamping company, says it has completed its sale to a new ownership group led by John Marks of LEJAK & Associates. Terms of the sale, finalized this week, were not disclosed.
Eleanor, W. Va.-based Appalachian Railcar Services (ARS) on Friday, Jan. 9, 2015, said it has acquired BRC Rail Car Services of Lynchburg Va.
In a pattern uncommon during most of 2014, U.S. freight carload traffic gained ground as 2015 began while U.S. intermodal volume slipped, the Association of American Railroads reported Thursday, Jan. 8, 2015.
A new City Council began governing Rhode Island's capital city, Providence, on Monday, Jan. 5, 2015, with a pledge from the new City Council President vowing to continue vying for an initial streetcar line.
Amidst ongoing construction updates of light rail transit, Metrolink upgrades, and long-range preparation for high speed rail, the plentiful rail news streaming out of the Los Angeles basin often overshadows streetcar development. But one such project for Los Angeles proper continues to advance in slow increments.
As the New Year began, Washington, D.C. city officials announced that the oft-delayed H Street streetcar line is expected to commence passenger service on Jan. 19, 2015.
Voters in the Vancouver, B.C., metropolitan area will vote by mail between March 16 and May 29 on a half-per-cent sales tax proposal, which would be used to fund several transit projects agreed to by regional mayors.
Rail riders on New Jersey Transit's Raritan Valley Line will gain direct access to and from New York's Penn Station, a much coveted "one-seat ride," beginning Monday, Jan. 12, 2015, NJ Transit has announced.
Marlton, N.J.-based Hill International said Monday, Jan. 5, 2015, it has landed a contract from Seattle's Sound Transit (Central Puget Sound Regional Transit Authority) "to provide design-build project management services in connection with the E360 Segment of the East Link Light Rail project."
The final full week of 2014 was another winning one for U.S. freight rail traffic, and indeed for rail traffic throughout the three NAFTA nations, the Association of American Railroads reported Wednesday, Dec. 31, 2014.
Fresno, Calif., will host groundbreaking ceremonies Tuesday, Jan. 6, 2015, marking the start of construction for California's ambitious intrastate high speed rail system.
In New Orleans, Regional Transit Authority (RTA) officials say construction work will commence early in 2015 to extend streetcar service east from Canal Street through the famed French Quarter to St. Claude Avenue.
Washington, D.C.'s efforts to mimic Tucson, Ariz., and Atlanta by opening a new streetcar line during 2014 fell short at New Year's Day approached.