Trinity Industries, Inc. announced third-quarter earnings of $149.4 million, or 90 cents per diluted share, up 43% from $99.6 billion, or 63 cents per share, in the third quarter of 2013. Trinity reported the news late Tuesday, Oct. 28, 2014, after the close of trading on Wall Street.
Toronto residents on Monday, Oct. 27, 2014 elected John Tory as the 65th mayor of Canada's largest city, generating cautious optimism among rail industry observers. Tory, a former business executive, will assume office on Dec. 1, garnering 40% of the vote in a three-way race.
New York's Metropolitan Transportation Authority said Monday, Oct. 27, 2014 that its new Fulton Street Transit Center, serving 11 subway lines and related facilities in lower Manhattan, will open to the public on Nov. 10 at 5:00 a.m.
Wabtec Corp. on Tuesday, Oct. 28, 2014 announced "record results" for its third quarter, led by record earnings per diluted share of 93 cents, up 22% from the comparable quarter in 2013. That handily beat Wall Street's consensus analyst estimate of 89 cents per share.
The Western Coal Traffic League (WCTL) has petitioned the Surface Transportation Board to "require BNSF Railway Company (BNSF) to submit to the Board a coal-specific service recovery plan, and for the Board to review, approve or revise, and enforce the recovery plan," according to the STB. WCTL said that BNSF "intends to remove approximately 60 coal train sets from service," despite ongoing service problems.
Unveiling a new logo for regional rail service 12 days before Election Day, Connecticut Gov. Dannel P. Malloy and the state Department of Transportation announced capital adjustments to the newly named "Hartford Line," linking the state capital with Springfield, Mass. to the north, and New Haven, Conn., to the south.
U.S. Sen. Charles Schumer (D-N.Y.), joined by Staten Island Borough President James Oddo, is urging the Port Authority of New York & New Jersey (PA) to fund a proposed West Shore Light Rail project.
Southeast Pennsylvania Transportation Authority (SEPTA) says its $130 million smart-card payment system, now dubbed "SEPTA Key," will be implemented on Philadelphia-area buses and subways beginning early next year, with implementation on light rail transit operations to follow.
The Railway Supply Institute on Thursday, Oct. 23, 2014 released its railcar industry order, delivery, and backlog statistics for the third quarter, noting the quarter was the largest ever for car orders, notching 42,900 cars.
Freight rail traffic continued to increase for North America's three largest economies in the week ending Oct. 18, 2014, led by strong U.S. rail gains, the Association of American Railroads (AAR) reported Thursday, Oct. 23.
Union Pacific said Thursday, Oct. 23, 2014 its third-quarter earnings rose 19% measured against the comparable quarter in 2013, to $1.37 billion, or $1.53 per share, from $1.15 billion, or $1.24 per share, a year ago.
Massachusetts Gov. Deval Patrick and other elected officials announced plans for Massachusetts Bay Transportation Authority's Fairmount Line, linking Boston's South Station with Boston's Readville neighborhood, to become a more efficient "commuter rail" line byemploying diesel multiple-unit (DMU) equipment.
Figures released by the Surface Transportation Board on Thursday, Oct. 23, 2014, show total Class I railroad employment as of mid-September 2014 rose 3.35% to 168,703, from mid-September 2013, and also added 715 positions from mid-August 2014, a rise of 0.43%.
The Federal Transit Administration and Metropolitan Atlanta Rapid Transit Authority (MARTA) are advancing a study that could establish Atlanta's first light rail transit (LRT) line along what's called the Clifton Corridor, along a rail line owned by CSX Corp.
With plans in place for a 1.4-mile initial streetcar operation to begin in 2016, Fort Lauderdale, Fla.'s Downtown Development Authority is weighing plans to add a second phase in a loop pattern.
As New York City’s subway ridership has improved, journalistic shorthand has routinely noted the system, easily the largest rapid transit system in the U.S., carries 5 million riders per weekday. MTA New York City Transit now is suggesting that assumed number may soon need revision.
Norfolk Southern early Wednesday, Oct. 22, 2014, reported net income of $559 million in the third quarter, up 16% from $482 million in the third quarter of 2013 and a quarterly record.
A coalition of mayors, including mayors from Hudson County communities already served by light rail transit, are publicly urging New Jersey officials to extend Hudson-Bergen Light Rail (HBLR) into neighboring Bergen County, the most populous county in the Garden State.
Jettison the biases and stereotypes before you head to Houston, my brother-in-law cautioned me last month as I prepared for APTA Expo 2014. "It's really grown up; it's a real city now," he offered.
Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84 per diluted share, in the third quarter of 2013, an increase of 26% year-over-year.