Latest News Continued

Union Pacific announced Friday that UP and UPS achieved a "perfect peak season" in 2011 by delivering 100% of UPS peak-season freight without a service failure.

Erie, Pa.-based GE Transportation on Friday reported $1.5 billion in fourth-quarter 2011 revenue, up 43% year-over-year. Revenue for the full year 2011 was $4.9 billion, up 45% compared with fiscal year 2010. Segment profit for the fourth quarter was $226 million, up from $73 million in 2010. Ful ...

Amtrak reportedly hopes to begin passenger rail service to Norfolk, Va., along the south side of the James River, by the end of the year.

The 1.7-mile Central Subway sought by San Francisco has received a “letter of non-prejudice” from the U.S. Department of Transportation, San Francisco Mayor Ed Lee says. The move clears the way for the city to commence construction on the underground LRT route, expected to cost $1.6 billion. ...
Kansas City Southern President and Chief Executive Officer David L. Starling, Railway Age’s 2012 Railroader of the Year, talks about his career path, his international experience, and KCS’s recent achievements and growth projections in a video interview with Editor-in-Chief Will ...

U.S. freight carload traffic rose 5.5% for the week ending Jan. 14 compared with the second week of 2011, the Association of American Railroads said Thursday. U.S. intermodal volume also rose, up 7.4% for the week measured against the comparable period in 2011.

GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.

Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter 2011, a record. For the full year 2011, UP reported income of $3.3 billion or $6.72 per diluted sha ...

New York MTA Capital Construction (MTACC) says a study conducted by Parsons Brinckerhoff and reviewed by the U.S. Environmental Protection Agency found "no concerns that Second Avenue Subway construction is causing any danger to the public's health."

Canadian Pacific Railway said Thursday it has reached agreement with Canadian Tire Corp. Ltd., which extends to early 2017 and awards the railway with the vast majority of Canadian Tire's domestic container traffic. CP said the agreement builds on the shared successes the companies h ...
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