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--> CSX Corp. announced that it plans to invest $2 billion in capital improvements in 2011, 11% more than the $1.8 billion it spent in 2010. ...
Ansaldo STS says it has been awarded two separate contracts for U.S.-based cab signaling projects, totaling approximately $18 million. One contract with Bombardier Transportation involves supplying cab signaling for 100 railcars; a second, with Kawasaki Railcar, Inc., will have Ansaldo STS supply ...
26 January 2011

Groups laud Obama

“The National Association of Railroad Passengers (NARP) pledges to support the President’s visionary plan for high speed rail” said Ross Capon, president of NARP. “And we are asking the President—along with the rest of the nation’s leaders and transportation officials—to work toward expanding the existing intercity passenger rail network to give 100% of Americans access to reliable, modern train service.”

The White House press office said the administration will release more details on his desires for high speed rail, transit, and Amtrak improvements when he delivers his fiscal year 2012 budget request to Congress in early February.

 

--> Varied interests supportive of high speed rail, and indeed other forms of passenger rail transit, on Wednesday rushed to offer support for President Obama’s advocacy of improving transportation infrastructure as outlined in his State of the Union address. Among other points, the P ...
Canadian National Tuesday reported its fourth-quarter net income of C$503 million, or C$1.08 per share, compared with C$582 million, or C$1.23 per share, in the fourth quarter of 2009. The results fell one Canadian cent shy of Wall Street analyst estimates of $1.09 per share. Revenue ros ...
Canadian Pacific Railway early Wednesday said its fourth-quarter profit jumped 27%, with net income of C$186 million, or C$1.09 a share, up from C$146 million or 87 Canadian cents a share, in the fourth quarter of 2009. That beat Wall Street analyst consensus estimates of C$1.08 per share. Revenue r ...
Norfolk Southern Corp. late Tuesday reported fourth-quarter 2010 net income of $402 million, or $1.09 per diluted share, 31% higher than the $307 million, or 82 cents per diluted share, the company garnered in the fourth quarter of 2009. Fourth-quarter 2010 results benefited from a $34 million, o ...
Railinc Corp. said Tuesday its new Damaged and Defective Car Tracking (DDCT) system has been launched successfully, and is now operational for rail carriers, freight car owners and freight car repair shops. Authorized users across the rail industry are now using the new tracking system t ...

Revenue rose 21% to $2.8 billion, also surpassing estimates of $2.67 billion. CSX’s fourth-quarter operating ratio was 70%, while its full-year ratio was 71.1%.

csx_logo.jpg.jpgCSX also said it expects to set financial records in 2011, and also that it plans capital expenditures of $2 billion, up from $1.8 billion in 2010. The company also expects to repurchase roughly $300 million in company shares during the first quarter to complete its $3 billion repurchase program.

“This investment will further strengthen our company’s transportation network, enhance our ability to reliably serve America's freight transportation needs, and create shareholder value in the near- and long-term,” said Chairman, President, and CEO Michael J. Ward in a statement.

Shares of CSX were up 2.6% at $69.45 in early afternoon trading Tuesday on the New York Stock Exchange. --> CSX Corp. late Monday reported fourth-quarter earnings of $430 million, or $1.15 a share, up 48% from the $303 million, or 77 cents a share, in the fourth quarter of 2009. That beat Wall Street analyst consensus earnings estimates of $1.10 a share. ...

CATS’ 9.6-mile Lynx Blue Line began revenue service in November 2007.

 

 

--> Seeking to contain costs, Charlotte, N.C.’s Metropolitan Transit Commission is preparing to approve a plan Wednesday truncating the extension of its Charlotte Area Transit System (CATS) light rail by 1.2 miles. The plan, estimated to cost $961 million, would stretch LRT northeast from the e ...
New Orleans Regional Transit Authority Chairwoman Barbara Major said Mondayshe expects the RTA Board of Directors to approve completion of design work on the French Quarter streetcar loop. RTA has $90 million ready for the project, and construction could begin in the summer of 2012. The ...
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