Union Pacific early Thursday reported third-quarter earnings of $1 billion, or $2.19 per diluted share, up from $904 million, or $1.85 per diluted share, in the comparable period in 2011 and in line with Wall Street consensus estimates of $2.19 per share.
Maryland's Board of Public Works has awarded Bombardier Transportation a six-year, $204.7 million contract to operate MARC's Camden and Brunswick passenger rail lines. A five-year renewal option worth $205 million is part of the package.
Exhibition sponsorship opportunities will be available for the first time at Railway Interchange 2013, the combined exhibition and technical conference, according to event organizers. Railway Interchange 2013 will take place Sept. 29-Oct. 3, 2013, in Indianapolis.
Norfolk Southern CEO Wick Moorman and Alabama Gov. Robert Bentley joined federal, state, and local officials and business leaders Wednesday in McCalla, Ala., to mark the opening of the Birmingham Regional Intermodal Facility.
In a move long anticipated by many rail industry observers, Canadian Pacific Wednesday announced the senior operations team who will lead the execution of the new service plans under CP President and CEO E. Hunter Harrison.
CSX Corp. Tuesday reported third-quarter net earnings of $455 million, down 2% from the $464 million in the third quarter of 2011. But earnings per share were up 2% year-over-year to 44 cents per share, compared with 43 cents per share in the 2011 quarter, and matching Wall Street consensus estimates.
Federal Transit Administrator Peter Rogoff was in Charlotte, N.C., Tuesday to announce a Federal Full Funding Grant Agreement (FFFGA) for the Lynx Blue Line light rail transit extension in Charlotte, N.C. , amounting to $580 million, half the cost of the project.
Pasadena, Calif.-based Jacobs Engineering Group Inc. said Tuesday it has been awarded a contract from the Washington State Department of Transportation (WSDOT) to provide on-call engineering and operations services in support of the agency's capital rail improvement program and other rail projects.
Transportation Secretary Ray LaHood visited Detroit Monday with a suggestion that a Southeastern Michigan Transportation Authority might be better equipped to land federal funding for transportation projects, including assistance with a much-debated streetcar project.
Siemens Mobility light rail car #201 is slated to enter revenue service Tuesday for Houston MetroRail, after a ceremony was held Monday at MetroRail's Rail Operations center.
BNSF Railway says it will celebrate the completion of its new railroad bridge over the Mississippi River at Burlington, Iowa, with a public ceremony and reception this Thursday, Oct. 18.
Continuing a nationwide tour dispensing federal transit funds, Secretary of Transportation Ray LaHood on Friday bestowed $75 million to Mesa, Ariz., for a 3.1-mile extension of Valley Metro light rail transit more deeply into the municipality.
Transportation Secretary Ray LaHood Thursday officially affirmed $942.2 million in Federal Transit Administration funds to extend San Francisco's Third Street light rail system through the city's Chinatown neighborhood.
Chicago-based TTX Co. said Thursday Victoria A. Dudley is joining the company as vice president and chief financial officer, reporting to the president and CEO.
The American Public Transportation Association (APTA) said Thursday Flora M. Castillo is APTA's 2012-2013 chair, "officially assuming the office at the start of the APTA Annual Meeting on October 1 in Seattle, Wash."
FreightCar America, Inc. early Friday said Robert S. Andress has been named vice president, manufacturing. Andress will lead the company's new car manufacturing activities at Roanoke, Va. and Danville, Ill.
U.S. freight carload volume for the week ending Oct. 6, 2012 notched another decline, down 6.3% from the comparable week in 2011, the Association of American Railroads reported Thursday. But U.S. intermodal continued its counterbalancing act, with volume up 3.8% during the week compared with a year ago.
New York City's "forgotten borough," Staten Island, appears not to have forgotten or abandoned its desire to extend Hudson-Bergen Light Rail Transit (HBLRT) across the New Jersey-New York border and into the borough itself.
L.B. Foster Co. announced Wednesday it is "changing the names of several of its subsidiary companies acquired from Portec Rail Products, Inc. to L.B. Foster Rail Technologies to more accurately brand the innovative unit and better represent its rail product development capabilities."
Another year, another ridership record: Amtrak Wednesday released its fiscal year 2012 ridership results (ending Sept. 30), 31.2 million passengers, up 3.5% from FY11 and the ninth ridership record in the past 10 years.