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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 ...
Metropolitan Transportation Authority Chairman and CEO Jay H. Walder Thursday announced his resignation, effective October 21. Walder is headed for Hong Kong to serve as CEO of MTR Corp., and will also serve on MTR’s Board of Directors. ...
Employment numbers released Thursday by the Surface Transportation Board show Class I railroads continued to add personnel in June, measured both against year-ago levels and that of the previous month. Total employment in mid-June of 159,350 was up 5.16% from levels of a year ago, and up 1.15% from ...
U.S. carload freight traffic fell 0.3% for the week ending July 16, compared with the same week a year ago, the Association of American Railroads said Thursday. But U.S. intermodal volume rose 1.2% during the same period compared with last year. ...
Despite damaging floods and rising fuel costs that negatively impacted the operating ratio, Union Pacific has reported record 2011 second-quarter net income of $785 million, an increase of 10% compared with the second quarter of 2010. Per-share earnings grew to $1.59 from $1.40 in the 2010 period. ...
Connecticut Gov. Dannel P. Malloy has announced the Nutmeg State’s intention to purchase 25 additional M-8 electric multiple-unit (EMU) train cars for use by Metro-North Railroad on the New Haven Line. Connecticut and New York’s Metropolitan Transportation Authority (MTA) already have or ...
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