Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.
Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the railroad's record low operating ratio of 59.8%.
Figures released by the Surface Transportation Board Wednesday, Jan. 21, 2015, show total Class I railroad employment as of mid-December 2014 rose 4.93% to 170,841, from mid-December 2013, and also added 96 positions from mid-November 2014, a rise of 0.59%.
The Toronto Transit Commission (TTC) has adjusted its timetable to implement its fare-card system, accelerating its completion date and now including its existing streetcar fleet in the mix.
New York Gov. Andrew Cuomo on Tuesday, Jan. 20, 2015 caught many by surprise in proposing a rail link from MTA subway and rail services in Queens to LaGuardia Airport, the oldest and smallest of New York's three primary area airports and the only one lacking rail access of any kind.
A U.S. federal disrict judge has rejected a request by anti-rail activists to block construction of streetcar right-of-way along North Rampart Street and St. Claude Avenue in New Orleans' French Quarter.
Fairport, N.Y.-based RailComm said it has "completed the installation of an advanced remote switch and third-rail heater control system for the Southeastern Pennsylvania Transportation Authority [SEPTA]."