Douglas John Bowen

Douglas John Bowen

Douglas John Bowen is Managing Editor of RAILWAY AGE. He also served as Editor of Intermodal Age from 1989 to 1991, and has held various positions at Inbound Logistics magazine, High Speed Transport News, The Journal of Commerce, and CNN/Money. Bowen began his journalism career at the Asbury Park Press, a New Jersey daily newspaper. A graduate of Rutgers University, Bowen resides in Hoboken, N.J. He served as president of the New Jersey Association of Railroad Passengers (NJ-ARP) from 1987 to 2000 and again from 2004 to 2010, serving on the NJ-ARP board from 1984 until 2012; he remains a member of the statewide organization.

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Tuesday, 29 October 2013 09:15

CTA protests Moody’s credit downgrade

The Chicago Transit Authority on Monday, Oct. 28, 2013, objected strongly to a downgrade of its credit rating made last week by Moody's Investors Service.

Monday, 28 October 2013 12:23

Ontario paying penalties to Bombardier

The back-and-forth decision-making involving the fate of Toronto's Scarborough Line rehabilitation has cost Ontario at least C$68 million (US$65 million) in contract costs, including penalties, claimed by Bombardier Transportation, a Bombardier spokesman told Railway Age Monday, Oct. 28, 2013.

Monday, 28 October 2013 10:00

Wabtec sets EVP/CFO transition

Wabtec Corp. said Sunday, Oct. 27 , 2013 Patrick D. Dugan has been named executive vice president and chief financial officer effective Jan. 1, 2014. Dugan will succeed Alvaro Garcia-Tunon, who is retiring, though Garcia-Tunon will remain with the company as a strategic adviser.

Monday, 28 October 2013 07:38

O’Leary named Alaska Railroad CEO

The Alaska Railroad Board of Directors has named Bill O'Leary President and CEO of the Alaska Railroad, succeeding Chris Aadnesen. O'Leary will start in his new position this Friday, Nov. 1, 2013.

Friday, 25 October 2013 11:15

Mule Sidetracks eyes Ohio R-O-W buy

Right-of-way used by Ohio short line Youngstown & Southern Railroad (Y&SR), currently owned by the Columbiana County Port Authority (CCPA), may soon be sold to Mule Sidetracks LLC, a noncarrier, for an estimated $3 million.

Friday, 25 October 2013 10:43

BART removes ban on bicycles

Bicycles will be allowed aboard BART trains at all times, including rush hours, following a unanimous vote Thursday, Oct. 24, 2013 by the BART Board of Directors to lift existing restrictions.

Friday, 25 October 2013 09:36

Ackman to sell partial stake in CP

Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.

Friday, 25 October 2013 08:31

Design team picked for DART Blue Line work

Dallas Area Rapid Transit (DART) has selected Blue Alliance Partners (BAP) as lead designer for the $101 million South Oak Cliff Extension 3 project, an extension of DART’s Blue Line light rail transit system. BAP is a joint venture of HNTB and Dikita Enterprises, Inc.

Thursday, 24 October 2013 11:10

U.S., North American traffic rises, AAR says

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.

Thursday, 24 October 2013 10:37

Wabtec 3Q earnings, sales rise

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.

Thursday, 24 October 2013 10:30

GATX 3Q earnings beat Street

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.

Wednesday, 23 October 2013 12:29

Houston North Rail Line to open Dec. 21

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.

Wednesday, 23 October 2013 09:32

NS sports solid 3Q earnings

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.

Wednesday, 23 October 2013 08:59

Record 3Q earnings for CP

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.

Tuesday, 22 October 2013 15:14

CN 3Q earnings up on record revenue

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.

Tuesday, 22 October 2013 07:32

Latest BART strike ends after four days

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.

Monday, 21 October 2013 11:00

No injuries in CN Alberta train derailment

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.

Friday, 18 October 2013 11:49

Locomotive backlog cited in GE 3Q earnings

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.

Friday, 18 October 2013 08:31

BART workers on strike

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.

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