Latest News Continued
Based largely on an increase in demand for its tank cars and hopper cars, American Railcar Industries, Inc. (ARI) on July 30, 2014 reported record earnings and revenues for second-quarter 2014.
The Surface Transportation Board on July 31, 2014 issued its decision calculating the railroad industry’s after-tax cost of capital for 2013 as 11.32%, a slight increase over 2012’s 11.12%. The cost-of-capital figure represents STB’s estimate of the average rate of return needed to persua ...
The Association of American Railroads reported continued growth in U.S. rail traffic for the week ending July 26, 2014, with 306,988 total carloads, up 4.3% compared with the same week last year. Total U.S. weekly intermodal volume was 264,809 units, up 3.3% compared with the same week last yea ...
Riding high on a record backlog of freight car orders, Trinity Industries reported second-quarter earnings per common diluted share of $1.01—a 94% increase year-over-year—and quarterly revenue and net income of $1.5 billion and $164.2 milli ...
The New York Metropolitan Transportation Authority, which accounts for approximately 25% of all rail transit spending in the U.S., is staring at a potential $12 billion shortfall in its proposed 2014-2019 capital plan, according to New York State Controller Thomas DiNapoli.
Protran Technology has delivered the first sets of its Collision Avoidance System to a major East Coast transit agency and a maintenance-of-way contractor.
Zafar Alikhan has been named a Senior Transit & Rail Manager in the Los Angeles office of Parsons Brinckerhoff.
ZTR Control Systems’ new BOA™-WS (Bolt-on Adhesion™-Excitation/Wheel Slip Control System) is designed to boost tractive effort on EMD Dash-2 locomotives without replacing the entire Dash-2 control system.
Transport for London (TfL) has awarded Cubic Corp.’s UK subsidiary Cubic Transportation Systems Ltd. a contract worth more than $700 million (U.S.) for the Electra ticketing and fare collection system. The contract is a continuation of the partnership between TfL and Cubic, which has seen the ...
Kansas City Southern has made organizational changes within the operations department of its U.S. subsidiary, The Kansas City Southern Railway Company (KCSR).
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