Latest News Continued
Wabtec Corp. says it has acquired Bearward Engineering, a leading manufacturer of cooling systems and related equipment for power generation and other industrial markets. Conditions of the acquisition, announced late Thursday, were not disclosed. ...
The Florida Department of Transportation on Thursday completed its purchase of the 61-mile SunRail right-of-way in central Florida from CSX Corp. for $150 million, clearing the way for construction and improvement on the route. ...
U.S. freight carload traffic rose a solid 5.2% during the week ending Oct. 29, measured against the comparable week in 2010, the Association of American Railroads reported. U.S. intermodal volume also advanced strongly, up 4.6% compared with the same week last year. ...
03 November 2011

Cummins:

Cummins Inc. on Nov. 1 rolled out its new QSK95 diesel engine at the Seymour Engine Plant in Indiana. With over 4,000 hp (2,983 kW) output, the 95-liter 16-cylinder QSK95 engine is being touted as “the world’s most powerful high-speed diesel.” The QSK95 is the first ...
03 November 2011

UP

The Surface Transportation Board announced Thursday that among all U.S. Class I railroads, it found that only Union Pacific was revenue adequate for the year 2010—meaning that it achieved a rate of return equal to or greater than the board’s calculation of the average cost of capital to ...
Hundreds of Boy Scouts this weekend will spend a busy and fun-filled time at the North Carolina Transportation Museum earning their Railroading Merit Badges during Rail Camp, Nov. 4-6. Troops will spend Friday through Sunday at the museum, the site of the former Southern Railway Spencer Shops ste ...
Willis Edward Bell, 93, of Port Charlotte, Fla., died Monday, Oct. 31, 2011. Bell was the Chief Signal Engineer of the Erie Lackawanna Railway and later the Chief Engineer for Communications and Signals at the United States Railway Association. He completed his career as a Project Manager at Gibb ...
In order to meet growing demand from freight customers and to replace workers retiring in coming years, Norfolk Southern plans to hire 500 employees in eight states by the end of 2011. ...
Cubic Transportation Systems said Thursday it now has integrated high-resolution video displays in its next-generation machines for public transit. The company, a subsidiary of San Diego-based Cubic Corp. says the new machines offer transit agencies the ability to offer video advertising ...
03 November 2011

Greenbrier Cos. reports

The Greenbrier Cos. Thursday reported net earnings of $12.6 million, or 42 cents per diluted share, in its fiscal fourth quarter ended Aug. 31, compared with earnings of $7.7 million, or 33 cents per diluted share, in its comparable 2010 quarter. Fourth-quarter revenue was a record $4 ...
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