Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to roughly $1.4 billion.
The Arlington County Board in Virginia voted Saturday to spend $2.4 billion during the next decade for numerous infrastructure projects, including investment in its two streetcar lines, each extending from Metrorail's Pentagon City Station.
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second quarter of 2011.
New York's Metropolitan Transportation Authority Thursday said it would add or extend regional rail, subway, and bus services, most of which had been curtailed or discontinued due to earlier budget crises.
The American Short Line and Regional Railroad Association (ASLRRA) Friday said it had reached a major milestone "by securing the 51st Senate co-sponsor of legislation to extend the short line rehabilitation tax credit (45G). The legislation has now been sponsored by a majority of both Houses of Congress."
Erie, Pa.-based GE Transportation Friday announced the rollout of the 5,000th Evolution Series Locomotive, in production since since 2005.
Transportation management company OmniTRAX, Inc. said late Thursday that Managing Director and Executive Vice President Mike Ogborn will retire. No specific date was given.
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter of 2011. Adjusted earnings results of 80 cents per share, however, still beat Wall Street consensus analyst expectations of 61 cents per share.
Freight carload traffic volume and intermodal movements notched a North American trifecta in the week ending July 14, 2012, measured against the comparable week of 2011, the Association of American Railroads reported Thursday.
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22 billion in the quarter, outstripped Wall Street consensus analyst estimates of $1.97 earnings per share on revenue of $5.23 billion. Both categories were all-time highs for the company.
Tucson's order of seven streetcars from United Streetcar, LLC isn't adequate to serve the city's four-mile line, now under construction, the Federal Transit Administration says. FTA recommends an eighth car be purchased.
The North American representative office of InnoTrans said Wednesday that discount registration is being offered to all prospective North American attendees of the show.
Hit-or-miss efforts (mostly miss) by the U.S. Postal Service to move mail by railroad have characterized the mode's declining mail modal share for decades, but the USPS is once more eyeing freight railroads as a way to lower costs and improve efficiency.
Canadian Pacific and Smart Sand, Inc., Wednesday announced a strategic long-term partnership "under which the two companies will supply and ship premium, Northern White frac sand to the unconventional oil and gas industry in key North America producing regions (including the Bakken and Eagle Ford formations, and the Utica and Marcellus Shales)."
Alstom says it has signed a contract with Danish railway infrastructure owner Banedanmark to deliver on-board equipment to railway operators in Denmark, and to equip 503 train cars with Atlas ERTMS1 signaling capabilities.
Canada's capital city on Monday said it "has received Federal Environmental Assessment approval for the Ottawa Light Rail Transit (OLRT) project."
July 19, 2012 marks the 25th anniversary of Red River Valley & Western Railroad Co. (RRV&W), based in Wahpeton, N.D., the regional railroad announced Tuesday.
Wi-Tronix, LLC on Monday thanked "everyone who attended this year's Users Conference," the first such conference the company held to tap the expertise of "over 100 industry leaders to share, discuss, and learn best practices for implementing the Wi-Tronix remote monitoring solutions."
Any attendees at the UIC 8th World Congress on High-Speed Rail in Philadelphia last week still skeptical of Transportation Secretary Ray LaHood's belief in HSR likely had those doubts removed.
Greenwich, Conn.-based Genesee & Wyoming, Inc. Monday released its freight traffic results for the second quarter, noting total freight carload traffic fell 6.9% compared with the second quarter of 2011.