Latest News Continued
April 19, 2012

UP 1Q profit up 35%

Union Pacific Thursday reported its first-quarter profit was $863 million, or $1.79 per share, in the first quarter of 2012, up dramatically from $639 million, or $1.29 per share, in…
CN Wednesday gave indications that it might be interested in purchasing Ontario Northern Railroad operations in whole or part.
Bombardier Transportation said Thursday it has delivered "the world's first application of a European Rail Traffic Management System (ERTMS) regional solution on the Västerdal line in Sweden."
Initially caught off-guard from an unsolicited bid March 8 by Kiewit Infrastructure Group to build a FasTracks light rail transit line, Denver's Regional Tranportation District Wednesday said it has evaluated…
Faced with the need to replace what one official calls the oldest rapid transit cars "currently running in the country," BART is readying a $3.2 billion order for 775 new…
The Surface Transportation Board Wednesday announced approval of a trackage rights exemption sought be WFEC Railroad Co. "to grant limited nonexclusive overhead trackage rights to Kiamichi Railroad LLC (KRR), over…
April 18, 2012

CSX 1Q beats Street

Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street's consensus…
Seeking to improve capacity and reduce scheduling conflicts, MTA Long Island Rail Road Tuesday said it plans to begin double-tracking 12.6 miles of LIRR's Ronkonkoma Branch route between Farmingdale and…
INIT said Tuesday that GO Transit, a division of Metrolinx, has chosen the company to deploy a new fleet management system for 47 GO Transit railcars, as well as 424…
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter's long-expected cancelation of a $166 million maintenance contract.
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