Latest News Continued
Thursday, 02 May 2013
02 May 2013

FreightCar America notes 1Q earnings loss

FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared with first-quarter 2012 earnings of $9.7 million, or 81 cents per diluted share, on revenue of $219.million. Wall Street ...
Thursday, 02 May 2013
02 May 2013

GWI marks 1Q earnings, new headquarters

Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain significant items discussed below, G&W's adjusted net income in the first quarter of 2013 was $48.9 ...
Thursday, 02 May 2013
02 May 2013

GATX classroom railcar rolls into action

GATX Corp. on Wednesday announced a new classroom railcar will be put into service along with its TankTrainer, a tank car developed to provide hands-on training in maintenance and operation.

Wednesday, 01 May 2013
01 May 2013

STB says no to UP TIH petition

The Surface Transportation Board announced May 1 that it has denied Union 
Pacific’s (UP) petition requesting that the Board find
 reasonable certain UP tariff provisions requiring shippers of
 Toxic-by-Inhalation Hazardous (TIH) commodities to indemnify UP against all
 liabilities no ...
Canadian Pacific has provided financial support to a Toronto-area program that provides a nourishing breakfast for small children every school morning, enabling it to expand its services to reach more children.
Wednesday, 01 May 2013
01 May 2013

For Trinity, a record railcar backlog

Trinity Industries, Inc., in announcing earnings results for the
 first quarter ended March 31, 2013, noted that the company’s Rail Group received orders for 14,505 new railcars during the first quarter,
 increasing the backlog to a record 41,265 units with a record value of $5.1
 billion.
Tuesday, 30 April 2013
30 April 2013

CHSRA selects joint venture as best in value

The California High-Speed Rail Authority has selected the Tutor Perini/Zachry/Parsons joint venture's bid as the "apparent best value" for the design-build contract to construct the first section of its new high-speed rail system.

A multibillion-dollar antitrust suit alleging that four Class I railroads conspired to impose a uniform fuel surcharge on shippers will reach a crucial point on May 3, when a federal appeals court in Washington considers whether the case can proceed as a class action, Reuters reported today. ...
Monday, 29 April 2013
29 April 2013

Freight car forecast: Wait till 2015

In its current quarterly freight car building forecast, Economic Planning Associates, Inc., says that, except for the booming tank car market, 2013, “in spite of continued [high capital] investments by the railroads, will be a difficult year for carbuilders. Most other car types will see mode ...
David Ragan, driving the no. 34 CSX “Play It Safe” Ford Fusion, lined up 20th for the April 27th NASCAR Sprint Cup Series Toyota Owners 400 at Richmond International Raceway night race, the hood of his racecar freshly covered in signatures of fans who promised to be safe around railroad tra ...
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