Latest News Continued
23 October 2014

UP 3Q profit rises

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.

Portland’s TriMet has unveiled the redesigned Siemens S70 “Type 5” MAX light rail vehicle at its maintenance facility in Gresham, Ore.
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) ...

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%.

During third-quarter 2014 earnings presentations, two Class I CEOs with considerable experience in mega-mergers expressed opposing viewpoints on the merits of a final round of railroad mergers that would presumably create two gigantic east-west transcontinental carriers encompassing the U.S. an ...
Massachusetts Gov. Deval Patrick and the state Department of Transportation were poised Wednesday, Oct. 22, 2014, to approve a $566.6 million contract for CNR Changchun to supply 284 rapid transit cars for Boston's "T" system ...

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.

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