Latest News Continued
Friday, 19 October 2012
19 October 2012

Delaware NEC third track project commences

Delaware state and federal representatives, the Delaware Department of Transportation, and Amtrak on Thursday marked the ceremonial start of adding a 1.5-mile third track on Amtrak's Northeast Corridor just south of Wilmington.

Friday, 19 October 2012
19 October 2012

ARCI reports decline in railcar orders

Orders and deliveries of railcars declined in the third quarter, according to statistics released by the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.

Thursday, 18 October 2012
18 October 2012

CN to build new terminal for Bakken crude oil prod ...

CN and Tundra Energy Marketing Ltd., which handles crude oil on behalf of producers in the Williston Basin, including parent company Tundra Oil & Gas Partnership, have signed a memorandum of understanding to construct a crude oil railroad tank car loading terminal near Cromer, Man., to meet t ...
Thursday, 18 October 2012
18 October 2012

AAR: Intermodal strong, carload volume weak

U.S. freight carload traffic for the week ending Oct. 13, 2012 remained unable to surmount 2011 levels, down 6.1% when measured against the comparable week one year ago, the Association of American Railroads said Thursday. U.S. intermodal volume, for its part, maintained its own positive momentum ...
Thursday, 18 October 2012
18 October 2012

GATX reports rise in 3Q profit, beats Street

Chicago-based GATX Corp. Thursday reported third-quarter net income of $53.8 million, or $1.13 per share, up from $32.9 million or 70 cents per share in third quarter of 2011. Both the 2012 and 2011 third-quarter results include benefits from tax adjustments and otther items of $18.2 million and ...
Thursday, 18 October 2012
18 October 2012

Alfred E. Michon, 75

Alfred E. Michon, president of four regional railroads who also worked with both Burlington Northern (now BNSF) and Union Pacific, died Oct. 9 at age 75.

Thursday, 18 October 2012
18 October 2012

UP 3Q earnings mark “best ever” quarter

Union Pacific early Thursday reported third-quarter earnings of $1 billion, or $2.19 per diluted share, up from $904 million, or $1.85 per diluted share, in the comparable period in 2011 and in line with Wall Street consensus estimates of $2.19 per share.

Thursday, 18 October 2012
18 October 2012

Bombardier wins MARC operations contract

Maryland's Board of Public Works has awarded Bombardier Transportation a six-year, $204.7 million contract to operate MARC's Camden and Brunswick passenger rail lines. A five-year renewal option worth $205 million is part of the package.

Wednesday, 17 October 2012
17 October 2012

STB: NS and UP "revenue adequate" in 201 ...

The Surface Transportation Board announced Wednesday its determination that two of the five major U. S. freight railroads, Norfolk Southern and Union Pacific, were "revenue adequate" in 2011. This means that their return on investment exceeded their cost of capital as determined un ...
Wednesday, 17 October 2012
17 October 2012

NS Alabama intermodal facility opens

Norfolk Southern CEO Wick Moorman and Alabama Gov. Robert Bentley joined federal, state, and local officials and business leaders Wednesday in McCalla, Ala., to mark the opening of the Birmingham Regional Intermodal Facility.

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