CN issued its earnings report for the fourth quarter and full-year 2013 after the closing bell on Wall Street Thursday, Jan. 30, 2014, gaining in the quarter over the comparable period in 2012 on record revenue, but reporting full-year earnings lower than that of 2012.
Congratulations to the Long Island Rail Road, once again in 2013 the unquestioned largest regional passenger railroad by ridership in the nation. Let's see if it can hold that prize. I'm doubtful.
Compiled figures released this week by the Surface Transportation Board show Class I railroads employed 162,810 people in mid-December, up a scant 0.10% from December 2012, but down 0.24% from the previous month of November.
U.S. freight carload traffic and U.S. intermodal volume advanced for the second week in a row, and third week in four marking 2014's start, during the week ending Jan. 25, 2014, the Association of American Railroads reported Thursday, Jan. 30.
Jacksonville, Fla.-based Florida Florida East Coast Railway, LLC (FEC) announced Thursday, Jan. 30, 2014 it will acquire 24 new ES44C4 locomotives from Erie-Pa.-based GE Transportation.
Texas's attorney general will not appeal a judgment affirming the right of San Antonio's VIA Metropolitan Tarnsit to sell bonds for several projects, including two downtown transit depots to serve as hubs for a streetcar system.
Consultants are working with a Streetcar Project Advisory Committee in Gainesville, Fla., to prepare a proposal for a line linking the city's downtown with the University of Florida.
Dallas-based Trinity Industries, Inc. on Tuesday, Jan. 28, 2014 said it had closed the sale of the second tranche of leased railcars to Element Financial Corp., under the newly formed strategic railcar alliance announced last month.
Hoping to leverage a local funding commitment to obtain federal funds, Charlotte, N.C. has approved $12 million for engineering work on a 2.5-mile streetcar extension, expected to cost $126 million.
Louisiana's state capital, Baton Rouge, is considering a plan for streetcar operations as part of a city and parish (county) plan, FuturEBR.
Canadian Pacific said it set numerous records for both its fourth quarter and full-year 2013, and offered guidance suggesting continued improvement in 2014.
Dallas Area Rapid Transit (DART) said it anticipates opening its 4.7-mile Orange Line light rail transit extension to Dallas/Fort Worth International Airport ahead of schedule.
Fourth-quarter railcar orders, deliveries, and backlogs showed robust activity, according to the Railway Supply Institute's American Railway Car Institute Committee (ARCI) data released Thursday, Jan. 23, 2014. Tank cars, in particular, continued to show robust activity.
Fairport, N.Y.-based RailComm said Wednesday, Jan. 23, 2014 it has upgraded the current Domain Operations Controller (DOC®) system in a Fort Worth, Tex., rail yard to include RailComm's Blue Flag Indicator (BFI) System.
Kansas City Southern reported fourth-quarter net income of $114 million, or $1.03 per diluted share, up 12% from $93 million, or 83 cents per diluted share, in the fourth quarter of 2012, based on record fourth-quarter revenue of $616 million.
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.
Union Pacific said Thursday, Jan. 23, 2014 fourth-quarter 2013 earnings of $1.17 billion, or $2.55 per share, up 13% from $1.04 billion, or $2.19 per share, in the fourth quarter of 2012.
Contrary to some speculation, North American railroads stand ready to do their share in supplying crude-by-rail (CBR) service to complement oil transport by pipeline, Association of American Railroads President and CEO Edward R. Hamberger said Jan. 23, 2014.
Up the first week in 2014, and down the second, U.S. freight traffic reversed the trend yet again to the plus side in the third week ending Jan. 18, 2014, the Association of American Railroads reported Thursday, Jan. 23.
The first phase of Los Angeles' Expo Line, which opened in April 2012, has matched ridership projections of 27,000 daily riders forecast for 2020.