Latest News Continued

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.

CN has reported record financial and operating results for the third quarter and nine-month period ended Sept. 30, 2014.
National Railway Equipment Co., headquartered in Mount Vernon, Ill., has completed transfer of the company to the newly formed NRE–Global Holdings Inc. (NRE), an Employee Stock Ownership Trust (ESOP). As part of an ongoing branding campaign, the company will simply be called NRE.

A coalition of mayors, including mayors from Hudson County communities already served by light rail transit, are publicly urging New Jersey officials to extend Hudson-Bergen Light Rail (HBLR) into neighboring Bergen County, the most populous county in the Garden State.

CSX has entered into an agreement with Savage for mobile locomotive fueling services at 30 sites across the CSX network in the eastern U.S.
21 October 2014

Record 3Q for CP

Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84 per diluted share, in the third quarter of 2013, an increase of 26% year-over-year.

Los Angeles County Metropolitan Transportation Authority (LACMTA) has taken delivery of a pre-series light rail vehicle from Kinkisharyo International, LLC, under a contract for 78 vehicles awarded in April 2012.

Los Angeles County Metropolitan Transportation Authority (LACMTA) officials and others on Saturday, Oct. 18, 2014 marked the completion of trackwork for the Foothill Gold Line extension of light rail transit at the line's future terminal station in Azusa, Calif.

Breaking its relative silence, Canadian Pacific Railway announced Oct. 20, 2014 that it is no longer pursuing CSX as a merger partner. “Exploratory conversations held with CSX Corp. about a possible business combination have ended,” the railroad said in a statement. “No further talks are ...
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