Latest News Continued

Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million, up from $64.8 million in the fourth quarter of 2012.

Two court victories for Hawaii pro-rail forces on Tuesday, Feb. 18, 2014, have removed significant obstacles confronting the controversial $5.26 billion Honolulu Rail Transit project designed to serve the island of Oahu.

FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss was $12.3 million, or a loss of $1.03 per diluted share, on revenue of $79.7 million.

James Weinstein, executive director of New Jersey Transit, the nation’s third-largest public transportation agency, announced Tuesday, Feb. 18, 2014, that he has resigned effective March 2. New Jersey Governor Chris Christie, who appointed Weinstein in 2010, said Weinstein will be replaced by ...

Saint John, New Brunswick-based Irving Oil Ltd. announced plans Monday, Feb. 17, 2014, to voluntarily convert its older DOT-111 tank cars used in crude-by-rail (CBR) business—which has soared in recent years—to meet higher recommended safety standards by the end of April.

A California appeals court has put on hold an earlier legal order by a Superior Court judge halting funding of California's high speed rail project, saying it will review the matter over funding.

Florida Gov. Rick Scott announced Monday, Feb. 17, 2014 a financial package of up to $215 million to assist construction of a rail station at Orlando International Airport.

The first Siemens S70 streetcar destined to ply the streets of downtown Atlanta arrived in Georgia's capital city Monday, Feb. 17, 2014, while a second car was slated to arrive on the property Tuesday.

Union Pacific Corp. Chairman James R. (Jim) Young, who worked his way from an entry-level finance position to Chairman, President and Chief Executive Officer, died Feb. 15, 2014 after a two-year battle with pancreatic cancer. He was 61.


In June 2014, the Railway Tie Association (RTA) and the Rail Transportation and Engineering Center (RailTEC) at the University of Illinois at Urbana-Champaign (UIUC) will host joint activities that will provide educational and networking opportunities relating to crossties and fastening systems ...
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