L.B. Foster Co. announced on Wednesday, Oct. 29, 2014, an agreement to acquire the railroad tuning unit, FWO, of Balfour Beatty Rail GmbH. The German business provides track lubrication and switch roller equipment for international railway applications.
Florida's Canaveral Port Authority (CPA) has petitioned the Surface Transportation Board for permission to "construct and operate approximately 11 miles of new rail line to Port Canaveral (Port) in Brevard County, Florida."
Trinity Industries, Inc. announced third-quarter earnings of $149.4 million, or 90 cents per diluted share, up 43% from $99.6 billion, or 63 cents per share, in the third quarter of 2013. Trinity reported the news late Tuesday, Oct. 28, 2014, after the close of trading on Wall Street.
Toronto residents on Monday, Oct. 27, 2014 elected John Tory as the 65th mayor of Canada's largest city, generating cautious optimism among rail industry observers. Tory, a former business executive, will assume office on Dec. 1, garnering 40% of the vote in a three-way race.
New York's Metropolitan Transportation Authority said Monday, Oct. 27, 2014 that its new Fulton Street Transit Center, serving 11 subway lines and related facilities in lower Manhattan, will open to the public on Nov. 10 at 5:00 a.m.
Wabtec Corp. on Tuesday, Oct. 28, 2014 announced "record results" for its third quarter, led by record earnings per diluted share of 93 cents, up 22% from the comparable quarter in 2013. That handily beat Wall Street's consensus analyst estimate of 89 cents per share.