Three people have been convicted of disability fraud, enabling hundreds of Long Island Rail Road retirees to garner additional funds through the federal Railroad Retirement Board illegally over several years.
The Missouri Court of Appeals on Wednesday, Aug. 7, 2013, upheld the dismissal of a lawsuit aimed at cutting off local funding of up to $30 million for the proposed Kansas City, Mo. streetcar.
As part of Railway Interchange 2013, slated for Sept. 29-Oct. 2 in Indianapolis, Norfolk Southern Chairman, President, and CEO Wick Moorman will address a combined AREMA/CMA Chairman's Luncheon on Tuesday, Oct. 1.
The Montreal, Maine and Atlantic Railway will cease transporting oil by rail, Chairman Ed Burkhardt has announced, ending crude-by-rail transport over MM&A right-of-way from North Dakota's Bakken formation to a refinery in New Brunswick.
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the second quarter of 2012.
The California State Supreme Court, in an opinion issued Monday, Aug. 5, 2013, dismissed objections from "Neighbors for Smart Rail" objecting to Phase 2 construction of the Los Angeles Metro Gold Line.
Suppliers continue to refine and improve the machinery needed to keep costly but critical right-of-way components in top shape.
Domestic container volume continued to grow during the second quarter of 2013, up 9% measured against the comparable quarter in 2012, the Intermodal Association of North America (IANA) said Monday, Aug. 5, 2013.
The Los Angeles County Metropolitan Transportation Authority (Metro) has selected Atkins to serve as a general engineering consultant (GEC) in support of Metro's rail network operations, maintenance, and expansion plans, Epsom, England-based Atkins said Aug. 5, 2013.
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2, 2013. That compared with net income of $5.6 million, or a gain of 46 cents per diluted share, in the second quarter of 2012.
Massachusetts Gov. Deval Patrick reiterated the Bay State's support for restoration of passenger rail service between the Berkshire Mountains, in western Massachusetts, and New York—but Connecticut must be a contributing player, he says.
Construction of Kansas City, Mo.'s initial 2.2-mile streetcar line could begin this October, pending approval by the City Council, the Kansas City Streetcar Authority said Thursday, Aug. 1, 2013.
U.S. freight traffic sectors did better than Canadian and Mexican counterparts during the week ending July 27, 2013, the Association of American Railroads said Thursday, Aug. 1, as both freight carload traffic and intermodal volume gained ground.
Bombardier Inc. reported Thursday, Aug. 1, 2013, that adjusted net income for the company's second quarter was US$158 million, or nine U.S. cents per share, in line with Wall Street consensus estimates, but down about 5% from earnings of US$167 million in the second quarter of 2012.
Genesee & Wyoming, Inc. early Thursday, Aug. 1, 2013, reported earnings of $65.1 million, or $1.14 per diluted share, for the second quarter of 2013, up from $36.4 million, or 84 cents per diluted share, in the same quarter of 2012.
Trinity Industries, Inc. late Wednesday, July 31, 2013, posted second-quarter earnings of $84 million, or $1.06 per share, surpassing second-quarter 2012 income of $67.8 million, or 84 cents per share.
The first Oregon-owned Talgo passenger train to enter intercity passenger service made its official debut in Eugene, Ore., last week at a ribbon-cutting ceremony, attended by numerous Oregon state and local officials, Amtrak representatives, and executives from Seattle-based Talgo Inc.
Alameda, Calif.-based construction company Stacy and Witbeck Inc. on Tuesday, July 30, 2013, was awarded a contract to oversee implementation of Detroit's M1 Rail streetcar line, winning out over four competitive bids. The amount of the contract has not yet been disclosed.
New York's Metropolitan Transportation Authority (MTA) announced July 31, 2013 that it has secured $200 million of insurance protection to help "pay for future repairs for damage to its infrastructure, in the event of a storm featuring destructive storm surges similar to those experienced during Superstorm Sandy."