Southwest Signal Engineering Co. announced Monday that it has changed its corporate name to Xorail Inc. (pronounced "Zo-rail"). The move complements the company’s actions last September, when the provider of signal and communications services to the railroad industry and other sectors formed a separate construction subsidiary, called Xorail Construction Services, which specializes in construction services for railroads.
Citing the successful re-introduction of light rail transit to cities nationwide, Connecticut Transportation Commissioner Joseph Marie has called for the Nutmeg State to invest in LRT to keep the state economically competitive.
The slump continued for U.S. railroad freight traffic during the week ended February 21, compared with traffic in 2008, the Association of American Railroads reports. U.S carload freight fell 14.2% from the comparable week in 2008, with declines of 12.8% in the West and 16.0% in the East.
The slump continued for U.S. railroad freight traffic during the week ended February 21, compared with traffic in 2008, the Association of American Railroads reports. U.S carload freight fell 14.2% from the comparable week in 2008, with declines of 12.8% in ...
Facing $45 million in service cuts targeted for light rail and bus operations by March 30, St. Louis officials are seeking ways to apply $12 million in federal stimulus funds to blunt the budget knife. The $12 million, if able to be applied to operations, "means that close to a quarter of the deficit will be resolved if this switch goes through, and that's going to go to restoring service," said D.J. Wilson, a spokesman for East West Gateway Council of Governments, in St. Louis.
Facing $45 million in service cuts targeted for light rail and bus operations by March 30, St. Louis officials are seeking ways to apply $12 million in federal stimulus funds to blunt the budget knife. The $12 million, if able to be applied to operations, " ...
Austin, Tex.’s Capital Metropolitan Transportation Authority says testing and training for its 32-mile passenger rail line is behind schedule, and could further delay the route’s operational debut, currently set for March 30.
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Portec RailProducts, Inc. Thursday said its unaudited fourth-quarter net income was $1.5 million, or 16 cents a share, up 32% from $1.15 million in the fourth quarter of 2007.
The company also said its full-year net income of $7.78 million, or 81 cents per share, was up 27% from the $6.1 million it garnered in 2007.
Net sales during the fourth quarter 2008 were $24.3 million, down 2.4% from $24.9 million during the fourth quarter 2007. Net sales for 2008 were $109.0 million, down 0.5% from full-year 2007 sales of $109.5 million.
"We are pleased with our fourth quarter and full-year financial results for 2008,” said Portec President and CEO Richard J. Jarosinski. “While our revenues for both periods did not reach our full expectations, we achieved record levels of net income and earnings per share for both periods despite a slowing global economy and unfavorable foreign currency exchange rates from the United Kingdom andCanada which impacted our financial results, particularly in the fourth quarter 2008.
"We also benefited from a lower interest rate environment in 2008. Despite a slowing economy, and a negative impact from foreign currency exchange rates, we are pleased that our consolidated core rail business has generated revenue and income growth this year," Jarosinski said.