Gov. M. Jodi Rell announced that the state will exercise an option under a
purchase agreement with Kawasaki to acquire 80 additional M-8 railcars valued
at $226 million for the Metro-North and Shore Line East commuter fleets.
Transportation Board announced that it will establish the Toxic by Inhalation
Hazard (TIH) Common Carrier Transportation Advisory Committee to provide the Board
with guidance on the obligation of
railroads to move TIH cargo. STB said the committee "will specifically
focus on the amount of economic responsibility for liability that railroads can
reasonably ask TIH shippers to assume before the carrier will transport the
Portec Rail Products, Inc.,
had unaudited net income of $864,000 or $0.09 per share for the three months
ended June 30, 2010, and $1,321,000 or $0.14 per share for the six months ended
June 30, 2010. Results for the three and six months ended June 30, 2010 include
charges of $0.23 and $0.33 per share for expenses related to the proposed
merger with L.B. Foster Company, which was announced on February 17, 2010.
Wyoming reported second quarter net income of $20.6 million or 49 cents per
diluted share, exceeding the Wall Street estimate of 44 cents. This compares
with earnings of $7.4 million or 20 cents per share in the second quarter of
Downing, one of the great railroaders of the Twentieth Century, died Aug. 2 at
the age of 96.
infrastructure investment arm of Ontario Municipal Employees Retirement System,
and Ontario Teachers' Pension Plan are reported to be considering o a joint
offer for High Speed 1, which has a 30-year concession to run a 68-mile
high-speed rail line from central London to the Channel Tunnel.
Rail announced Tuesday that it has acquired 2,370 mill gondolas, flatcars, coal
gondolas and hoppers valued at more than $100 million. No further details were
Services, a wholly-owned subsidiary of Caterpillar Inc., announced that it has
completed the acquisition of Electro-Motive Diesel from Berkshire Partners LLC
and Greenbriar Equity Group LLC. The terms are $820 million in cash, plus a net
working capital adjustment subject to post-closing finalization, currently
estimated at approximately $108 million.