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Knorr-Bremse to acquire Selectron Systems AG Braking systems supplier Knorr-Bremse has signed an agreement to acquire Selectron Systems AG of Lyss, Switzerland, a supplier of train control technology. Through this acquisition, Knorr-Bremse said it is “expanding its portfolio to include components and solutions for the automation of rail vehicles.” The acquisition remains subject to approval by anti-trust authorities.
ASLRRA IDs five for Safety Institute push The American Short Line and Regional Railroad Association said Friday, Jan. 23, 2015 its chairman, Ed McKechnie, had announced the selection of five industry safety experts retained as assessors for a pilot project as the first step toward the longer-range goal of developing a comprehensive industry-wide safety culture assessment program that will serve as the core of the Short Line Safety Institute.
New York MTA Board approves fare hike Riders on New York Metropolitan Transportation Authority's (MTA) buses and subways will pay more beginning March 22, 2015, following an MTA Board of Directors decision on Thursday, Jan. 22, to increase fares.
CP notches record 4Q income, operating ratio Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the railroad's record low operating ratio of 59.8%.
UP 4Q earnings beat Street Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.

Breaking News

January 26, 2015
Union Pacific’s 2014 employee safety performance, a 0.98 reportable injury rate, was the best in the railroad’s history, surpassing the previous record established in 2012, and an 11% reduction from the 2013 reportable rate of 1.10, “demonstrating a solid commitment...
January 26, 2015
Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a $2.4 billion 2015 capital investment program. Net income for the quarter...
January 23, 2015
Chicagoland's Metra said Friday, Jan. 23, 2015 it will postpone a plan to increase the penalty for onboard ticket purchases until mobile ticketing capability is activated unveiled later this year. The fee, assessed when riders board at stations with open ticket...
January 23, 2015
The American Short Line and Regional Railroad Association said Friday, Jan. 23, 2015 its chairman, Ed McKechnie, had announced the selection of five industry safety experts retained as assessors for a pilot project as the first step toward the longer-range...
January 23, 2015
Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street analyst expectations. KCS reported fourth-quarter net income of $142 million, or...

RailwayAge Magazine | Rail industry news

Blogs and More

January 15, 2015
My stints working at Railway Age aside, railroads and rail-related issues are and have been a standard part of daily life, as it is for the lucky few in the U.S., including so many of my friends and neighbors. So many, yes, but certainly not...
January 14, 2015
Proving once again he has more lives than cartoon character Wile E. Coyote, former Surface Transportation Board (STB) Chairman Dan Elliott is poised to receive his second White House renomination. The first renomination expired with adjournment of the 113th Congress in December after the Senate...
January 12, 2015
As the White House considers candidates for Senate confirmation as the next Federal Railroad Administrator, Transportation Secretary Anthony Foxx says he will name his Department of Transportation chief of staff Sarah Feinberg — a long-time Democratic operative with strong White House ties — as acting...
December 31, 2014
News item: Surface Transportation Board (STB) Chairman Dan Elliott was forced to bid adieu Dec. 31, 2014, after the Senate failed to confirm his renomination. President Obama still could make a recess appointment prior to a Republican controlled Senate sworn-in Jan. 6.
December 16, 2014
Ever hear of the Oyster Express? In the midst of a season filled with stories of railroads running special Santa trains all over the country to bring food, clothing, toys, and some Christmas cheer to needy people, a report came across my desk about a partnership...