Latest News Continued

If the past few months are any indication, the answer is yes. Just ask BNSF. BNSF Railway posted a double-digit return on net investment for the 12 months ending June 30, 2010—right through the worst of the Great Recession.

I’m sitting here during the Dog Days of summer recuperating from major surgery as well as the experience of advising one of the potential purchasers of GE’s railcar leasing business, which was for sale up until recently.

Bombardier Transportation increased its revenue by 26%, reaching $2.7 billion for the second quarter ended July 31, compared with $2.1 billion for the corresponding period last fiscal year, Bombardier Inc. announced Wednesday. During the second quarter, the Transportation segment reported new orders ...
Global Railway Industries Ltd. announced Tuesday that its shareholders have approved the proposed sale ofCAD Railway Industries Ltd. and the winding-up of Global. “As previously disclosed,” said the company, “closing of the CADRI salewill occur promptly following satisf ...
30 August 2011

NS CEO doubts

Norfolk Southern CEO Wick Moorman says he believes that despite a weaker second-quarter economy, “the causes are not necessarily indicative of larger problems,” and “we certainly don't see the likelihood of a significant economic slowdown.” Moorman made the comments in an int ...
The Timken Company has appointed Brian J. Ruel to the position of vice president of rail, effective Oct. 1 upon the retirement of Roger W. Lindsay. Ruel most recently held the position of vice president-light vehicle systems, which like rail is part of the company’s Mobile Indust ...
Metro-North Railroad’s three major lines east of the Hudson River on Tuesday were still struggling to resume full passenger rail service, but the railroad said 85% of its morning peak customers would be served as it operated the entire Hudson and New Haven lines and also the Lower Harlem Li ...
CSX announced Monday that it’s investing $59 million to expand its intermodal freight terminal at Columbus, Ohio, as part of the National Gateway initiative. ...
Auto congestion remains a major problem within most U.S. statistical metropolitan areas, and it remains a problem even though average total vehicle travel has fallen below levels reached in 2005. ...
Indiana Rail Road Company (INRD) President and Chief Executive Officer Thomas G. Hoback, along with Indiana Department of Transportation Commissioner Michael Cline, on Monday broke ground for a $6 million locomotive maintenance facility that the railroad says will improve efficiency and environme ...
412
Page 412 of 696