Latest News Continued
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 ...
In a white paper published Tuesday entitled “Rail Supply Innovation and Buy America Requirements,” the Railway Supply Institute recommended three sweeping changes to current U.S. Buy-America provisions and funding for transit, high speed rail, and intercity passenger rail that will ensur ...
Bombardier Transportation said Wednesday Trenitalia (Italian Railways) has awarded it a new order to supply an additional 50 E464 electric locomotives, exercising an option to the contract signed in 2009 for the supply of 100 units. The added order is worth about $186 million. With this contract, Tr ...
ARG Trans has been selected by the Oregon International Port of Coos Bay as the preferred operator for the 133-mile Coos Bay rail line, following interviews with five final candidates in January 2011, port officials have announced. ARG Trans also will maintain the right-of-way. ...
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