Latest News Continued
Saturday, 03 August 2013
03 August 2013

Rail cost of capital fell slightly in 2012



The Surface Transportation Board announced Friday, Aug. 2, 2013, that it has determined that the rail industry’s after-tax cost of capital was 11.11%. Last
 year, the cost of capital was 11.57%.

Friday, 02 August 2013
02 August 2013

FRA issues Emergency Order, Safety Advisory in Lac ...

The Federal Railroad Administration issued an Emergency Order (EO 28, Notice No. 1, 49 CFR 232.103[n]) and Safety Advisory (2013-06) Friday evening, Aug. 2, 2013, “to help prevent trains operating on main line tracks or sidings from moving unintentionally,” specifically, those hauling certa ...
Friday, 02 August 2013
02 August 2013

Connecticut urged to aid Housatonic rail route

Massachusetts Gov. Deval Patrick reiterated the Bay State's support for restoration of passenger rail service between the Berkshire Mountains, in western Massachusetts, and New York—but Connecticut must be a contributing player, he says.

Friday, 02 August 2013
02 August 2013

Date eyed for KC streetcar groundbreaking

Construction of Kansas City, Mo.'s initial 2.2-mile streetcar line could begin this October, pending approval by the City Council, the Kansas City Streetcar Authority said Thursday, Aug. 1, 2013.

Thursday, 01 August 2013
01 August 2013

U.S. freight traffic up in latest week

U.S. freight traffic sectors did better than Canadian and Mexican counterparts during the week ending July 27, 2013, the Association of American Railroads said Thursday, Aug. 1, as both freight carload traffic and intermodal volume gained ground.

Thursday, 01 August 2013
01 August 2013

Bombardier Transportation aids parent’s 2Q

Bombardier Inc. reported Thursday, Aug. 1, 2013, that adjusted net income for the company's second quarter was US$158 million, or nine U.S. cents per share, in line with Wall Street consensus estimates, but down about 5% from earnings of US$167 million in the second quarter of 2012.

Thursday, 01 August 2013
01 August 2013

Genesee & Wyoming 2Q earnings shine

Genesee & Wyoming, Inc. early Thursday, Aug. 1, 2013, reported earnings of $65.1 million, or $1.14 per diluted share, for the second quarter of 2013, up from $36.4 million, or 84 cents per diluted share, in the same quarter of 2012.

Thursday, 01 August 2013
01 August 2013

Trinity Industries 2Q beats Street

Trinity Industries, Inc. late Wednesday, July 31, 2013, posted second-quarter earnings of $84 million, or $1.06 per share, surpassing second-quarter 2012 income of $67.8 million, or 84 cents per share.

NASCAR Sprint Cup driver David Ragan and the CSX Ford Fusion brought the railroad’s “Play It Safe” safety message to Indianapolis Motor Speedway on Sunday, July 28. The campaign efforts included an “I Promise To Brake For Trains” decal with fan signatures adorning the hood of the No. ...
Wednesday, 31 July 2013
31 July 2013

New appointments at MCBR

Boston’s Massachusetts Bay Commuter Railroad Company (MBCR) has appointed John Hogan as the company’s Chief Transportation Officer, and William (Bill) Gilbert as Director of Quality.
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