American Railcar Industries, Inc. expressed satisfaction with its fourth-quarter and full year revenue and earnings, and also voice cautious optimism on the year ahead.
Class I railroads employed 159, 333 people in mid-January, up 3.93% from January 2011, but down 0.24% overall from last December, according to figures provided by the Surface Transportation Board.
U.S. freight carload traffic for the week ending Feb. 18, 2012 declined 5.2% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal volume for the week also retreated, down 5.6%, compared with the same week last year.
Norfolk Southern says it cannot support a current plan for commuter rail service linking Charlotte and Mt. Mourne, N.C., calling the idea "fatally flawed."
Kansas City Southern Railway Company (KCSR) has taken out a $54.6 million Federal Railroad Administration-administered Railroad Rehabilitation and Improvement Financing (RRIF) Program loan to purchase 30 new General Electric ES44AC diesel-electric locomotives.
Atlanta-based RMI Wednesday said it has reached a five-year agreement with RailAmerica, Inc. for the implementation of RMI's ExpressYard Car Repair Billing (CRB) and Operations Management Software System.
Fairport, N.Y.-based RailComm said Wednesday CSX Transportation has expanded its Domain Operations Controller (DOC®) system located at Boyles Yard in Birmingham, Ala.
Unitrac Railroad Materials, Inc. said Wednesday it has received a three-year contract to supply special trackwork to the Washington Metropolitan Area Transit Authority (WMATA), valued at approximately $8 million over the three-year period.
Wabtec Corp. Tuesday reported sales of $1.97 billion and GAAP earnings per diluted share of $3.51, both records, for 2011. Non-GAAP EPS was $3.70, excluding special items disclosed in the second quarter.