Latest News Continued
Canadian National’s supply chain initiative has racked up another success story. Putting the concept to work at CN’s Autoport Terminal in Halifax has reduced dwell times for European import vehicles by approximately 25% since implementation last spring, CN said Monday. ...
Ansaldo STS said Monday subsidiary Ansaldo STS Sweden AB has won an 80 million euro ($111.3 million) contract from Storstockholms Lokaltrafik (Greater Stockholm Public Transport) for resignaling the Stockholm Underground. ...
Bombardier Transportation said Monday that the company, in partnership with its customer, the Guangzhou Metro Corp. (GMC), Guangzhou Municipality, People’s Republic of China (PRC), has successfully delivered its INNOVIA APM 100 automated people mover (APM) system in Guangzhou into service. The ...
As the Dow Jones Industrial Average Ave reached a level Thursday that wiped out its recession losses, five of North America’s six major railroad were setting records of their own. New 12-monh highs were were set by CSX, which climbed from a low of 42.05 to 62.53; Canadian Pacific, ...
BNSF Railway President and Chief Operating Officer Carl Ice announced that Greg Fox has been promoted to executive vice president, operations. ...
British Transport Secretary Philip Hammond announced Friday that two Canadian pension funds will buy the right to operate Britain’s high speed rail ink from London to the Channel Tunnel for 2.1 billion pounds ($3.39 billion). Ontario Teachers’ Pension Plan (OTPP) and Borea ...
Portec Rail Products, Inc. Thursday reported unaudited net income of $1.24 million, or 13 cents per share, for the third quarter, compared with unaudited net income of $2.02 million, or 21 cents per share, in the third quarter of 2009. ...
Rep. John L. Mica of Florida, the Republican leader of the House Transportation & Infrastructure Committee, said Wednesday that if he is named chairman of the committee, a priority will be “cost-effective passenger rail transportation, including a better directed high speed rail program. ...
U.S. carload freight traffic stayed above 2009 levels for the week ending Oct. 30, 2010, up 6.3% compared with a year ago, the Association of American Railroads reported Thursday. U.S. intermodal traffic for the week was up 14.2% compared with the same week a year ago, with container volume up 15.7% ...
FreightCar America on Thursday reported third-quarter 2010 revenue of $41.3 million, a net loss of $4.7 million, and per-share earnings of $0.39.For third-quarter 2009, the company generated revenue of $55.1 million, net income of $1.1 million, and per-share earnings of $0.09. ...
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