Latest News Continued
American Railcar Industries, Inc. late Wednesday reported a net loss of $7.8 million in its fourth quarter, on revenue of $95.3 million, compared with a fourth-quarter 2009 net earnings of $10.5 million on revenue of $78.5 million. ...
L.B. Foster Co. Thursday said its fourth-quarter net income increased by 59.5% to $6.2 million, or 60 cents per diluted share, compared with $3.9 million, or 38 cents per diluted share, in the fourth quarter of 2009. Included in the fourth-quarter 2010 results was a $1.4 million gain (8 cents per ...
Norfolk Southern has announced that it is buying 1,500 new high-capacity coal cars from FreightCar America at a cost of more than $100 million. They will be manufactured at FreightCar America’s plant in Roanoke, Va., beginning in May. ...
Wabtec Corp. on Tuesday reported strong sales and earnings for 2010 and issued 2011 guidance calling for an increase in revenue of 10%, with earnings per diluted share rising to a $2.90 from lest year’s $2.56. ...
22 February 2011

Amtrak to O

Illinois Gov. Pat Quinn has asked Amtrak CEO Joseph Boardman to conduct a study examining Amtrak passenger rail linking Chicago Union Station and O'Hare International Airport. Quinn has requested that the study be completed by summer. The governor reportedly sees a synergy in linking O& ...
U.S. Class I railroad employment declined 0.71% to 153,304 in January compared with December 2010. but it was 4.37% above January 2010, reflecting a steady but slowing recovery from the depths of the recession. The biggest employment category—transportation (train or engine) operat ...
U.S. streetcar revivals are well-established in the West, with the mode firmly entrenched in Seattle and Tacoma, Wash., Portland, Ore., and San Francisco—the latter city never surrendering the mode in the first place. Now San Francisco neighbor and chief rival Oakland is weighing a decision to ...
China’s dismissal February 12 of Liu Zhijun, chief of the Chinese Railway Ministry, has raised concerns over the safety and quality of the nation’s fast-growing high speed rail network. Liu was fired for what the government called “severe violations of discipline,” interpret ...
The R.J. Corman Railroad Group Friday announced that Kelley Anderson has joined the group as vice president of Strategic Sales and Marketing, reporting directly to President Tammie Taylor. Anderson will lead the sales team for the R.J. Corman family of companies. Mike Hahn has accepted ...
The House of Representatatives Thursday approved cuts of various sizes for various government programs, but rejected a proposal to cut $446.9 million in Amtrak funding for the current fiscal year 2011. ...
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