Latest News Continued
Thursday, 23 February 2012
23 February 2012

Employment up year-over-year, dips from past month

Class I railroads employed 159, 333 people in mid-January, up 3.93% from January 2011, but down 0.24% overall from last December, according to figures provided by the Surface Transportation Board.

Thursday, 23 February 2012
23 February 2012

AAR: U.S. freight traffic slumps in latest week

U.S. freight carload traffic for the week ending Feb. 18, 2012 declined 5.2% measured against the comparable week in 2012, the Association of American Railroads said Thursday. U.S. intermodal volume for the week also retreated, down 5.6%, compared with the same week last year.

Thursday, 23 February 2012
23 February 2012

NS nixes Charlotte commuter line plan

Norfolk Southern says it cannot support a current plan for commuter rail service linking Charlotte and Mt. Mourne, N.C., calling the idea "fatally flawed."

Wednesday, 22 February 2012
22 February 2012

RRIF loan will finance 30 KCSR locomotives

Kansas City Southern Railway Company (KCSR) has taken out a $54.6 million Federal Railroad Administration-administered Railroad Rehabilitation and Improvement Financing (RRIF) Program loan to purchase 30 new General Electric ES44AC diesel-electric locomotives.

Wednesday, 22 February 2012
22 February 2012

RailAmerica, RMI sign software pact

Atlanta-based RMI Wednesday said it has reached a five-year agreement with RailAmerica, Inc. for the implementation of RMI's ExpressYard Car Repair Billing (CRB) and Operations Management Software System.

Wednesday, 22 February 2012
22 February 2012

CSX expands RailComm system

Fairport, N.Y.-based RailComm said Wednesday CSX Transportation has expanded its Domain Operations Controller (DOC®) system located at Boyles Yard in Birmingham, Ala.

Wednesday, 22 February 2012
22 February 2012

WMATA awards contract to Unitrac

Unitrac Railroad Materials, Inc. said Wednesday it has received a three-year contract to supply special trackwork to the Washington Metropolitan Area Transit Authority (WMATA), valued at approximately $8 million over the three-year period.

Tuesday, 21 February 2012
21 February 2012

Wabtec sets record sales for 2011

Wabtec Corp. Tuesday reported sales of $1.97 billion and GAAP earnings per diluted share of $3.51, both records, for 2011. Non-GAAP EPS was $3.70, excluding special items disclosed in the second quarter.

Friday, 17 February 2012
17 February 2012

STB slates hearing on effect of BNSF purchase pric ...

The Surface Transportation Board announced that it will hold a public hearing March 22 “to explore the impact of the Berkshire Hathaway, Inc. acquisition of the Burlington Northern Santa Fe Corp. on certain costing determinations.” The board will look at the effect of the $43 billion purchase ...
Friday, 17 February 2012
17 February 2012

CP seeks conciliation on legacy pension changes

Canadian Pacific on Friday requested the Federal Minister of Labour appoint a conciliator “to assist in progressing discussions on a new agreement, involving legacy pensions, with the union representing the company's Canadian train crew employees and rail traffic controllers.”

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