Latest News Continued
Norfolk Southern Tuesday reported record second-quarter net income of $557 million, 42% higher than the $392 million notched during the same quarter in 2010. Diluted earnings per share were a record $1.56, up 50% compared with $1.04 per diluted share earned in the same period a year ago. NS said the ...

The city of Milwaukee’s Common Council, in a 10-5 vote Tuesday, approved a long-sought plan to establish a streetcar circulator for the city’s downtown.

Wabtec Corp. has reported second-quarter results, including sales of $479 million, 28% more than the year-ago quarter, and a backlog of undelivered orders totaling $1.5 billion. The company also increased its full-year guidance excluding a previously announced charge for a court ruling that Wabtec i ...
26 July 2011

Chile

Fairport, N.Y.-based RailComm says ithas been chosen to provide its Track Warrant Control (TWC) System for Chile’s Empresa de los Ferrocarriles del Estado (EFE). RailComm’s Domain Operations Controller (DOC®) train control system will be used for dispatching and train management. ...
CIT Rail, which owns more than 100,000 railcars leased to approximately 500 customers in North America, has announced orders for 5,000 new tank cars and hoppers from “multiple manufacturers.” Deliveries are scheduled throughout 2012. The orders include an option for an addit ...
CN Monday reported second-quarter results, saying its net income increased from the year-earlier quarter to C$538 million, with earnings per share rising 4% to C$1.18. Excluding a deferred income tax expense, adjusted diluted EPS for the second quarter of 2011 rose to C$1.26. ...
Progress Rail Services plans to locate a locomotive manufacturing facility in Sete Lagoas in the state of Minas Gerais, Brazil, to serve the South American diesel-electric market. ...
A reduced expansion plan for Interstate 5 in San Diego could free up nearly $800 million to be redirected to light rail transit (LRT) expansion, as well as pedestrian and bicycle improvements, according to the San Diego Association of Governments (SANDAG). SANDAG has approved the redist ...
Fairfield, Conn.-based General Electric Co. Friday reported second-quarter earnings of $3.7 billion, or 34 cents a share per share, up 17%, from the second quarter of 2010, despite a revenue decline of $35.6 billion or 4% “driven by the absence of NBCU revenues after the sale of GE’s maj ...
Kansas City Southern Friday reported second-quarter net income of $71 million, or 64 cents per diluted share, compared with $35 million, or 34 cents per diluted share, in the second quart of 2010. Adjusting for debt retirement costs of $10.3 million in the second quarter of 2011 and $32.5 million in ...
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