Latest News Continued

Bigger is indeed better for this transcontinental carrier, which is operating some of the longest freight trains in North America.

Step back from the current political frenzy, say suppliers, and one can see the U.S. passenger rail market as emerging, with great potential.

28 October 2010

LIRR’s new digs

Construction proceeds to give the largest U.S. regional railroad access to Grand Central Terminal, while a revitalized and upgraded Brooklyn hub goes into service.

U.S. carload freight traffic rose 9.6% during the week ending October 23 over the comparable week in 2009, the Association of American Railroads reported Thursday. Intermodal traffic also rose for the week, up 13.6% compared with the same week a year ago. Container volume grew 14.6%; trailer volume ...

Transportation Secretary Ray LaHood announced Thursday that DOT is sending grants totaling $2.4 billion to 54 rail projects in 23 states qualifying for aid under the Obama Administration’s high speed rail initiative.

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“States understand that high speed rail represents a unique opportunity to create jobs, revitalize our manufacturing base, and spur economic development and provide people with jobs,” said LaHood (pictured at left).

DOT says 30 passenger railcar builders and component suppliers have agreed to establish or expand operations in the U.S. to meet the anticipated demand.

The largest grants are going to California, $901.574 million, and Florida, $808 million. Both of these states have plans for high speed lines that meet international standards. The remainder are for higher-speed (HrSR) lines.

--> Transportation Secretary Ray LaHood announced Thursday that DOT is sending grants totaling $2.4 billion to 54 rail projects in 23 states qualifying for aid under the Obama Administration’s high speed rail initiative. ...
The Brussels Transport Company STIB on Thursday confirmed a $235 million order for an additional 65 bi-directional Bombardier FLEXITY Outlook trams. With completion of this order, Brussels will have a fleet of 220 Bombardier trams. Delivery is scheduled between January 2013 and the end of April 2015 ...
American Railcar Industries reported Thursday that it had a third-quarter net loss of $6.2 million or 29 cents per share on revenue of $64.8 million, compared with earnings of $.1 million or five cents per share on revenue of $78.1 million in the third quarter of 2009. ...
The Southern California Regional Rail Authority has awarded a $120 million contract to Parsons to design, procure, and install Positive Train Control (PTC) technology on the 512-mile Metrolink regional rail system. Parsons’ responsibilities will include design, installation, documentation, ...
Norfolk Southern late Wednesday reported third-quarter 2010 net income of $445 million, up 47% compared from third-quarter 2009, and diluted earnings per share of $1.19. up 47% The operating ratio improved by 3.2 percentage points to 69.6%. ...
Trinity Industries, Inc. late Wednesday reported net income of $29.7 million, or 37 cents per common diluted share, for the third quarter, compared with $23.2 million, or $0.29 per common diluted share, in the comparable quarter of 2009. Included in the results for the third quarter of 2010 was a ...
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