Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million, up from $64.8 million in the fourth quarter of 2012.
Two court victories for Hawaii pro-rail forces on Tuesday, Feb. 18, 2014, have removed significant obstacles confronting the controversial $5.26 billion Honolulu Rail Transit project designed to serve the island of Oahu.
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss was $12.3 million, or a loss of $1.03 per diluted share, on revenue of $79.7 million.
Saint John, New Brunswick-based Irving Oil Ltd. announced plans Monday, Feb. 17, 2014, to voluntarily convert its older DOT-111 tank cars used in crude-by-rail (CBR) business—which has soared in recent years—to meet higher recommended safety standards by the end of April.
A California appeals court has put on hold an earlier legal order by a Superior Court judge halting funding of California's high speed rail project, saying it will review the matter over funding.
Florida Gov. Rick Scott announced Monday, Feb. 17, 2014 a financial package of up to $215 million to assist construction of a rail station at Orlando International Airport.
The first Siemens S70 streetcar destined to ply the streets of downtown Atlanta arrived in Georgia's capital city Monday, Feb. 17, 2014, while a second car was slated to arrive on the property Tuesday.