of American Railroads announced that U.S. railroads reported the highest
traffic levels of 2010 for both carload and intermodal traffic for the week
ending July 31, up 9.4% the from same week in 2009 but down 10.65% from the
same week in 2008. U.S railroads originated 300,292 carloads for the week, and
intermodal traffic totaled 232,895 trailers and containers,
New England Passenger Rail Authority (NNEPRA) has awarded L.B. Foster Co. a
$5.3-million contract to supply 5,561 tons of rail for the Downeaster-Portland
North Project. NNEPRA is using a $35-million grant from the American Recovery
and Reinvestment Act to help pay for the 26.4-mile track rehabilitation and
expansion between Portland and Brunswick, Maine. The new Downeaster line will
provide improved Amtrak service within the area and south to Boston.
America, Inc has reported second quarter 2010 revenues of $31.0 million and a
net loss of $1.3 million, or 11 cents a share. This compares with revenues of
$104.3 million and net income of $7.0 million, or 59 cents per a share, in
second quarter 2009.
Gov. M. Jodi Rell announced that the state will exercise an option under a
purchase agreement with Kawasaki to acquire 80 additional M-8 railcars valued
at $226 million for the Metro-North and Shore Line East commuter fleets.
Transportation Board announced that it will establish the Toxic by Inhalation
Hazard (TIH) Common Carrier Transportation Advisory Committee to provide the Board
with guidance on the obligation of
railroads to move TIH cargo. STB said the committee "will specifically
focus on the amount of economic responsibility for liability that railroads can
reasonably ask TIH shippers to assume before the carrier will transport the
Portec Rail Products, Inc.,
had unaudited net income of $864,000 or $0.09 per share for the three months
ended June 30, 2010, and $1,321,000 or $0.14 per share for the six months ended
June 30, 2010. Results for the three and six months ended June 30, 2010 include
charges of $0.23 and $0.33 per share for expenses related to the proposed
merger with L.B. Foster Company, which was announced on February 17, 2010.
Wyoming reported second quarter net income of $20.6 million or 49 cents per
diluted share, exceeding the Wall Street estimate of 44 cents. This compares
with earnings of $7.4 million or 20 cents per share in the second quarter of
Downing, one of the great railroaders of the Twentieth Century, died Aug. 2 at
the age of 96.
infrastructure investment arm of Ontario Municipal Employees Retirement System,
and Ontario Teachers' Pension Plan are reported to be considering o a joint
offer for High Speed 1, which has a 30-year concession to run a 68-mile
high-speed rail line from central London to the Channel Tunnel.