Latest News Continued
Rosement, Ill.-based CF Rail Services, a subsidiary of Chicago Freight Car Leasing, said Monday it has acquired Waycross, Ga.-based Mobile Railcar Cleaning Co., which will operate under a new name, Waycross Railcar. Waycross Railcar is located near both CSX and Norfolk Southern operation ...
Wabtec Corp. said Monday it has acquired Brush Traction Group, a British-based provider of locomotive overhauls, services, and aftermarket components, for about $31 million. With facilities in Loughborough, England, and Kilmarnock, Scotland, the company has annual sales of about $55 million. Wabte ...
In a move possibly reflecting Florida’s political significance, the Department of Transportation has extended by one week its deadline for a decision by the Sunshine State to use, or reject, federal funds for high speed rail. Florida Gov. Rick Scott last Thursday ...
Affirming his disdain for high speed rail, Florida Gov. Rick Scott late Thursday rejected a hastily arranged plan to rescue the state’s proposed 84-mile, $2.39 billion high speed rail line between Tampa and Orlando. The Republican governor’s move prompted angry reaction from state lawma ...
The Los Angeles County Metropolitan Transportation Authority board Thursday made good its oft-stated intent to approve $75 million for purchase of Los Angeles’ Union Station, a rebounding rail and transit hub. The deal, is expected to close in 30 days, includes 38 acres and development rights ...
Houston’s Metropolitan Transit Authority of Harris County (METRO) said Thursday its Board of Directors approved funds to purchase 19 Siemens light rail transit vehicles, Delivery could begin as early as October 2012, METRO said, earlier than originally anticipated. The anticipated cost was not ...
U.S. freight carload traffic rose 8.2% in the week ending Feb. 19, measured against the comparable week one year ago, the Association of American Railroads said Thursday. U.S. intermodal volume for the week did even better, up 16.9% compared with the same week in 2010. ...
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. ...
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