Latest News Continued
Monday, 23 July 2012
23 July 2012

GWI set to acquire RailAmerica, Inc.

Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to roughly $1.4 billion.

Monday, 23 July 2012
23 July 2012

Arlington County streetcar funding outlined

The Arlington County Board in Virginia voted Saturday to spend $2.4 billion during the next decade for numerous infrastructure projects, including investment in its two streetcar lines, each extending from Metrorail's Pentagon City Station.

Friday, 20 July 2012
20 July 2012

Locomotive orders aid GE Transportation 2Q

GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second quarter of 2011.

Friday, 20 July 2012
20 July 2012

MTA restores or enhances service offerings

New York's Metropolitan Transportation Authority Thursday said it would add or extend regional rail, subway, and bus services, most of which had been curtailed or discontinued due to earlier budget crises.

Friday, 20 July 2012
20 July 2012

ASLRRA: 51 Senate cosponsors for tax credit

The American Short Line and Regional Railroad Association (ASLRRA) Friday said it had reached a major milestone "by securing the 51st Senate co-sponsor of legislation to extend the short line rehabilitation tax credit (45G). The legislation has now been sponsored by a majority of both Houses of C ...
Friday, 20 July 2012
20 July 2012

GE, UP herald 5,000th Evolution Series locomotive

Erie, Pa.-based GE Transportation Friday announced the rollout of the 5,000th Evolution Series Locomotive, in production since since 2005.

Friday, 20 July 2012
20 July 2012

OmniTRAX's Mike Ogborn to retire

Transportation management company OmniTRAX, Inc. said late Thursday that Managing Director and Executive Vice President Mike Ogborn will retire. No specific date was given.

Thursday, 19 July 2012
19 July 2012

GATX Corp. 2Q income down; still beats Street

GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter of 2011. Adjusted earnings results of 80 cents per share, however, still beat Wall Street consensus analyst expectations of 6 ...
Thursday, 19 July 2012
19 July 2012

Weekly traffic up throughout North America: AAR

Freight carload traffic volume and intermodal movements notched a North American trifecta in the week ending July 14, 2012, measured against the comparable week of 2011, the Association of American Railroads reported Thursday.

Thursday, 19 July 2012
19 July 2012

Union Pacific 2Q beats Street, sets records

Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22 billion in the quarter, outstripped Wall Street consensus analyst estimates of $1.97 earnings per share on reven ...
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