Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company said.
Virginia Gov. Bob McDonnell on Thursday singled out a rail priority among numerous projects unveiled on Wednesday: restored passenger rail service to Roanoke, Va., in the state's western reaches. McDonnell's interest drew praise from Amtrak President and CEO Joseph Boardman.
Reauthorized rail safety legislation the implementation of two new laws on pipeline safety and hazardous materials safety are on the House Transportation and Infrastructure Committee's agenda in 2013, according to the committee's oversight plan released earlier this week.
U.S. freight carload traffic for the week ending Jan. 19, 2013 was down 3.5% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal volume kept its positive run going and then some, however, rising 13.5 compared with levels of one year ago.
Pro-rail advocates and officials in the city of Milwaukee, continuing to battle anti-rail partisans in the city's namesake county and the state of Wisconsin, continue to plan the start of streetcar right-of-way construction, now set for early 2014.
Clackamas,Ore.-based United Streetcar, LLC has delivered the first of five streetcars ordered by nearby Portland, Ore., months behind original schedule.
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of 2011. Per-share earnings, however, did beat Wall Street analyst estimates by 11 cents. Net income for full-year 2012 was $1.7 billion, or $5.37 per diluted share, compared with $1.9 billion, or $5.45 per diluted share, earned in 2011.
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings met Wall Street consensus analyst estimates.
The American Railway Engineering and Maintenance-of-Way Association (AREMA) Educational Foundation said Tuesday it is now accepting applications for the 2013 Scholarship Program. The deadline for applications is March 8, 2013.
GE Transportation's fourth-quarter results included $252 million in earnings, or "segment profits," in the fourth quarter, up 11.5% from $226 million in the comparable 2011 quarter.
For the second week of 2013 (and the first week fully within the calendar year), U.S. freight traffic mirrored its most common measure through most of 2012: U.S. carload freight fell; U.S. intermodal volume advanced.
MTA Long Island Rail Road Wednesday said its oft-delayed plans to increase track capacity on its Ronkonkoma Line is back in play. LIRR hopes to double-track 18 miles of the route between Ronkonkoma and Farmingdale, N.Y.