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Orders for new freight cars soared to 36,900 in this year’s firstquarter, sharply exceeding expectations and easily topping the total of just more than 30,000 cars ordered last year. This year's orders included multi-year contracts for 16,000 tank cars, which Economic Planning Asso ...
Strategic Rail Finance President Michael Sussman on Wednesday announced the formation of a new division, HBS Advisors, to work with shippers that need capital for expanding their business and their use of rail transportation. HBS Advisors, with headquarters in Philadelphia, will coordin ...
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ABB is part of a consortium, also including Germany’s TLTTurbo GmbH, working on the tunnel project , responsible for developing,producing, and installing what will be the largest tunnel ventilation systemever built, providing fresh air for the entire The project's total network oftunnels, shafts and passages equals 152 kilometers, or 94 miles.

The project is scheduled for completion in 2017. Once open, the tunnel willhandle an estimated 200 to 250 trains per day.

 

--> Baden, Switzerland-based ABB said Thursday it has won an order worth about $21 million from AlpTransit Gotthard AG (ATG) to provide a ventilation system for the Gotthard Base Tunnel in Switzerland, which will carry trains beneath the Alps. The tunnel is the world's largest railway tunnel project, wi ...
Much like the prior week, U.S. freight carload traffic slipped for the week ending April 23, but intermodal gained, measured against the comparable week of a year ago, according to results published Thursday by the Association of American Railroads. U.S. freight carload traffic fell 2.1% for the wee ...
Trinity Industries Inc. late Wednesday reported first-quarter net income of $24.2 million, or 30 cents per share, up dramatically from the $2.0 million, or two cents per share, in the first quarter of 2010. The results handily beat Wall Street consensus estimates of 23 center per share. ...
Greenwich, Conn.-based Genesee & Wyoming Inc. Thursday reported its first-quarter net income was $22.1 million up 38% from net income of $16.0 million in the first quarter of 2010. GWI's diluted earnings per share of 52 cents rose 33% compared with 39 cents in the year-ago quarter. ...
American Railcar Industries Thursday reported a loss of $5.3 million, or 25 cents per share, in the first quarter, less than the $7 million loss it reported in the first quarter of 2010, as revenue rose 62% to $84.8 million, compared with $52.3 million in the same quarter a year ago. ARI’s los ...
Electro-Motive Diesel, Inc. (EMD) said Wednesday it and Rail Systems, Inc. have reached an agreement to dissolve their distributor relationship for rail parts. Rail Systems has served as an EMD distributor since 1993. ...
Norfolk Southern late Wednesday reported earnings of $325 million, or 90 cents per diluted share, up 26% from the $257 million, or 68 cents per share, reported in the first quarter of 2010. Revenue rose 17% to $2.6 billion. The company thus beat Wall Street analyst earnings estimates of 89 cents a s ...
The California Department of Transportation (Caltrans) will receive a $100 million grant from the Federal Railroad Administration to purchase domestically manufactured rail passenger cars and locomotives for the Pacific Surfliner and San Joaquin routes, used by state-assisted Amtrak tr ...
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