Latest News Continued
Wednesday, 24 October 2012
24 October 2012

Toronto subway extension faces delay

A Toronto Transit Commission report prepared Oct. 10, scheduled to be released Wednesday during a TTC meeting, says the TTC's Toronto-York Spadina subway extension will be completed about one year behind schedule, moving the opening date back to roughly autumn, 2016.

Wednesday, 24 October 2012
24 October 2012

Greenbrier names Isselmann corporate relations/com ...

The Greenbrier Cos. has appointed Jack Isselmann director of Corporate Relations and Communications.

Tuesday, 23 October 2012
23 October 2012

NS 3Q earnings just beat lowered Street expectatio ...

Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter of 2011. But earnings per share surpassed by one penny Wall Street consensus analysts' latest target of $1.23 p ...
Tuesday, 23 October 2012
23 October 2012

EMD power shines in Caterpillar colors

Caterpillar, the parent company of Progress Rail Services, of which Electro-Motive Diesel is a subsidiary, showcased a new EMD SD70ACe locomotive decked out in familiar yet new-for EMD colors—Caterpillar’s distinctive yellow, black, and gray scheme—at two venues during the past month: its 5 ...
Tuesday, 23 October 2012
23 October 2012

Iowa Pacific acquires Cape Rail, Inc.

Chicago-based Iowa Pacific Holdings, LLC Tuesday announced its acquisition of a controlling interest in Cape Rail, Inc., and its subsidiaries, Massachusetts Coastal Railroad, LLC and Cape Cod Central Railroad.

Tuesday, 23 October 2012
23 October 2012

CSX marks National Gateway "midway point" ...

CSX Chairman, President, and Chief Executive Officer Michael J. Ward Tuesday joined federal, state, and local officials from Pennsylvania to mark the midway point of progress on the first phase of projects for the National Gateway, the $850 million public-private partnership designed to improve f ...
Tuesday, 23 October 2012
23 October 2012

Wabtec reports “strong” 3Q earnings, sales

Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street consensus estimates. Net income attributable to Wabtec shareholders increased to $62.99 million from $46.60 million ...
Tuesday, 23 October 2012
23 October 2012

QR National hires two North Americans

Australian railroad QR National Ltd. (QRN) has appointed two new senior executives to the company's management team, both with extensive experience in the North American railway industry.

Tuesday, 23 October 2012
23 October 2012

Hub’s 3Q intermodal revenue rises 11%

The Hub Group, Inc. Monday reported that its third-quarter intermodal revenue climbed 11% $444 million compared with the same period one year ago. Intermodal volume increased 9%.

Monday, 22 October 2012
22 October 2012

CN notes 3Q results; sets stock repurchase plan

Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the third quarter of 2011. The results were in line with Wall Street consensus estimates of C$1.52 p ...
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