Latest News Continued
Tuesday, 23 October 2012
23 October 2012

Iowa Pacific acquires Cape Rail, Inc.

Chicago-based Iowa Pacific Holdings, LLC Tuesday announced its acquisition of a controlling interest in Cape Rail, Inc., and its subsidiaries, Massachusetts Coastal Railroad, LLC and Cape Cod Central Railroad.

Tuesday, 23 October 2012
23 October 2012

CSX marks National Gateway "midway point" ...

CSX Chairman, President, and Chief Executive Officer Michael J. Ward Tuesday joined federal, state, and local officials from Pennsylvania to mark the midway point of progress on the first phase of projects for the National Gateway, the $850 million public-private partnership designed to improve f ...
Tuesday, 23 October 2012
23 October 2012

Wabtec reports “strong” 3Q earnings, sales

Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street consensus estimates. Net income attributable to Wabtec shareholders increased to $62.99 million from $46.60 million ...
Tuesday, 23 October 2012
23 October 2012

QR National hires two North Americans

Australian railroad QR National Ltd. (QRN) has appointed two new senior executives to the company's management team, both with extensive experience in the North American railway industry.

Tuesday, 23 October 2012
23 October 2012

Hub’s 3Q intermodal revenue rises 11%

The Hub Group, Inc. Monday reported that its third-quarter intermodal revenue climbed 11% $444 million compared with the same period one year ago. Intermodal volume increased 9%.

Monday, 22 October 2012
22 October 2012

CN notes 3Q results; sets stock repurchase plan

Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the third quarter of 2011. The results were in line with Wall Street consensus estimates of C$1.52 p ...
Monday, 22 October 2012
22 October 2012

UP 150 Express on last leg of sesquicentennial tri ...

Steam locomotive No. 844 is on the final leg of the UP 150 Express tour to Houston's Amtrak Station for the October 26-28 commemoration to President Abraham Lincoln's signing of the Act of Congress that created the Union Pacific Railroad 150 years ago.

Monday, 22 October 2012
22 October 2012

D.C. readies streetcar tests

Streetcar tests are slated to start this winter in Washington, D.C.'s Southeast, specifically in Anacostia along S. Capitol Street, according to the District Department of Transportation (DDOT). But a revenue service startup date is still uncertain.

Friday, 19 October 2012
19 October 2012

Employment growth slows in September, dips from Au ...

Figures released by the Surface Transportation Board Friday show Class I railroads employed 160,428 people in mid-September, up a modest 0.12% from September 2011, but down 1.39% (95 employees) from August 2012.

Friday, 19 October 2012
19 October 2012

GE Transportation powers parent’s 3Q earnings

Erie, Pa.-based GE Transportation notched revenue of $1.4 billion in the third quarter, up 9% from the same period a year ago, and a profit of $265 million, up 35% from $197 million in the third quarter of 2011.

495
Page 495 of 902

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email