North America’s largest railroads saw gains in both freight carload traffic and intermodal volume during the week ending Oct. 19, 2013, the Association of American Railroads reported Thursday, Oct. 24.
Wilmerding, Pa.-based Wabtec Corp. reported Thursday, Oct. 24, 2013 third-quarter earnings of $73.9 million, or 76 cents per share, up about 17% from $63 million, or 65 cents per share, in the same period a year ago. Revenue was also up 8% to $631.4 million in the quarter compared with $587.6 million in the third quarter of 2012.
Chicago-based GATX Corp. Thursday, Oct. 24, 2013 reported third-quarter net income of $53.8 million, or $1.15 per diluted share, compared with net income of $53.8 million, or $1.13 per diluted share, in the third quarter of 2012.
Houston's North Rail Line will open for service on Dec. 21, 2013, according to Metropolitan Transit Authority of Harris County officials addressing a luncheon held by the Greater Houston Partnership Tuesday, Oct. 22.
Norfolk Southern Wednesday, Oct. 23, 2013 reported third-quarter net income of 482 million, up 20% from the $402 million reported in the third quarter of 2012. Diluted earnings per share were $1.53, up 23% compared with $1.24 per diluted share in comparable quarter last year.
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's 3Q12 income of C$224 million or C$1.30 per share.
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per diluted share, in the same quarter of 2012.
Management and union negotiators reached a deal late Monday, Oct. 21, 2013 to end the four-day strike affecting BART service in the San Francisco Bay area.
Thirteen cars on a CN train moving oil and propane through Alberta have derailed, with one car exploding and others nearby catching fire last Saturday, with a "controlled burn" still in effect Monday morning, Oct. 21, 2013, to limit the threat. No injuries had been reported Monday, and none were anticipated.
The Railway Supply Institute's American Railway Car Institute (ARCI) Committee on Friday, Oct. 18, 2013, released its railcar industry order, delivery, and backlog statistics for the third quarter, with tank cars and covered hopper cars continuing to account for most activity.
A strong backlog of manufactured goods orders, including locomotives and jet engines, helped drive third-quarter earnings for Fairfield, Conn.-based General Electric Co., which reported financial results Friday, Oct. 18, 2013.
Six months of labor negotiations between BART employees and management failed to yield enough agreement to avoid a strike, with BART workers walking off the job Friday, Oct. 18, 2013, just after midnight, Pacific Time.
Kansas City Southern Friday, Oct. 18, 2013 reported third-quarter net income of $119 million, or $1.07 per diluted share, up from $91 million, or 82 cents per diluted share, in the third quarter of 2012. The increase was driven by record third-quarter revenue of $622 million, up 8% from a year ago, with carloads up 3%.
Both U.S. freight carload traffic and U.S. intermodal volume gained ground during the week ending Oct. 12, 2013, measured against the comparable week in 2012, the Association of American Railroads said Thursday, Oct. 17.
The Kenosha Public Library Board of Trustees on Wednesday, Oct. 17, 2013, endorsed a north-south route expansion of the Wisconsin city's heritage streetcar network, despite some misgivings of its potential impact on library surroundings.
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter of 2012.
Herzog Technologies, Inc. and Signal Training Solutions, Inc., announced Wednesday, Oct. 16, 2013, they are partners backing a new Signal Training School in Oceanside, Calif.
Tucson, Ariz., received its second streetcar early Wednesday morning, Oct. 16, 2013, from Clackamas, Ore.-based United Streetcar LLC.
The Maryland Board of Public Works will not vote Wednesday, Oct. 16, 2013, to approve a public-private partnership deal for the state's proposed Purple Line light rail transit project.
Amtrak and Indiana Gov. Mike Pence announced Tuesday, Oct. 15, 2013, that Amtrak's Hoosier State would continue to run for at least another year, with an option for four additional months.