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Freight car orders in 2014’s first quarter soared about 38% from fourth-quarter 2013, to 24,050 units, pushing builder backlogs up around 12% to 81,927, according to the most recent Railway Supply Institute American Railway Car Institute figures.
Trains carrying 20 cars or more of crude oil or ethanol must not exceed 50 mph under a new directive issued by Transport Canada on Wednesday, April 23, 2014, and that limit may be lowered in the coming months for heavily popul ...
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-March 2014 rose 0.40%, to 162,968, from the same period in February 2014, and registe ...
The American Short Line and Regional Railroad Association (ASLRRA) has selected Jason Ward, Managing Partner of Industrial Search Partners, to conduct the search for a new President. Current President Richard F. Timmons will ...
Coal volume and revenue that dropped 15% and 13%, respectively, in 2014’s first quarter were largely responsible for Norfolk Southern reporting lower net income and operating revenues and a slightly higher operating ratio, compared to the p ...
Wabtec Corp. on Wednesday, April 22, 2014 reported record results for first-quarter 2014 and affirmed its 2014 guidance for earnings per diluted share of about $3.45, with revenues expected to be up about 15% for the year.
“The winter of a lifetime,” as described by CN President and CEO Claude Mongeau, bumped up CN’s first-quarter 2014 operating expenses and ratio compared to the year-ago quarter, but despite these challenges, the railroad posted gains in rev ...
Ronald L. Birkelbach has been named a Vice President at Parsons Brinckerhoff, and will lead the company’s systems group in the Northeast region, which provides comprehensive engineering services for rail and transit systems projects. He wi ...
Railway supply veteran Jim Cowan has joined The Greenbrier Companies, Inc. as Senior Vice President, Operations, a newly created position. He will report to Chairman and CEO William A. Furman.
With net income of C$254 million or C$1.44 per diluted share, Canadian Pacific has posted “the best first quarter financial results in company history,” Chief Executive Officer E. Hunter Harrison announced April 21, 2014.
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