Latest News Continued
Faced with declining revenue and rising capital needs, the Port Authority of New York & New Jersey announced plans Monday for increases in fares on its trans-Hudson PATH rail system and on river-crossing vehicle tolls. ...
Strong results in its railroad and manufacturing businesses, plus favorable investment earnings, helped Berkshire Hathaway Inc. achieve a second-quarter 2011 net profit of $3.42 billion, or $2,072 per share, compared with earnings of $1.97 billion, or $1,195 per share, in the second quarter of 2010. ...
North Charleston, S.C., has filed suit in federal court seeking an injunction to block the Palmetto State’s plan for a rail yard. The filed the suit after the South Carolina Supreme Court declined to hear a petition from the state that was aimed at keeping the state out of the expected legal c ...
Utah Transit Authority on Sunday launched its two newest TRAX light rail lines for revenue service, with UTA claiming both came in ahead of schedule and under budget at a combined $905 million. ...
August 12 marks the 10th anniversary of operation by the Portland Streetcar, generally considered the first “new” U.S. streetcar operation and by far the largest such system to date. Portland, Ore., city officials will mark the event with a celebration in Jamison Square Park, located wit ...
Chicago Freight Car Leasing Co. has named Robert Cleator vice president of sales and marketing. A 20-year rail industry veteran, Cleator will succeed Paul Deasy, who was recently named president of the company, a full service operating lessor of railcars to industrial, agricultural, and food prod ...
04 August 2011

AAR:

The Association of American Railroads today reported “mixed results” for July monthly rail traffic compared with the same month last year, with U.S. railroads originating 1,111,682 carloads, down 1%, and 895,649 trailers and containers, up 1.3%. For July 2011, 12 of the 20 c ...
Canadian National is investing $165 million to expand Kirk Yard in Gary, Ind., and relocate locomotive repair work now performed at a shop in Homewood, Ill., to the upgraded facility. CN acquired the 350-acre yard as part of its purchase of the Elgin, Joliet & Eastern in 2009. CN e ...
Union Pacific announced Thursday that its employees achieved the best first half of the year safety performance in the company’s nearly 150-year history. Union Pacific’s employee reportable injury rate was 1.01, a 23% improvement vs. 2010’s record 1.31 reportable injury rate. ...
FreightCar America, Inc. reported second quarter revenues of $97.6 million and net income of $0.2 million, or $0.02 per diluted share. For the first quarter of 2011, the company had revenues of $72.2 million and a net loss of $1.3 million, or $0.11 per diluted share. For the second quarter of 20 ...
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