Hamilton, Ont., located at the western end of Lake Ontario some 40 miles beyond Toronto, has received its second GO Transit station, named West Harbour.
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on June 17, 2014.
For the week ending July 11, 2015, total U.S. weekly rail traffic was 534,097 carloads and intermodal units, down 2.4% compared with the same week last year, as carload traffic dipped and intermodal grew, the Association of American Railroads (AAR) reported on July 15.
Facing an approximate $56 million budget gap for its 2016 fiscal year, New Jersey Transit’s Board of Directors on July 15, 2105 adopted a FY2016 operating budget and capital program totaling $4.27 billion, and a fare and service plan that includes an average 9% fare increase.
With quarterly operating income of more than $1 billion, an operating ratio of 66.8%, and net earnings of $553 million, CSX posted record financial results for the second quarter of 2015.