Latest News Continued
Despite damaging floods and rising fuel costs that negatively impacted the operating ratio, Union Pacific has reported record 2011 second-quarter net income of $785 million, an increase of 10% compared with the second quarter of 2010. Per-share earnings grew to $1.59 from $1.40 in the 2010 period. ...
Connecticut Gov. Dannel P. Malloy has announced the Nutmeg State’s intention to purchase 25 additional M-8 electric multiple-unit (EMU) train cars for use by Metro-North Railroad on the New Haven Line. Connecticut and New York’s Metropolitan Transportation Authority (MTA) already have or ...
Toronto Transit Commission Thursday placed its first Toronto Rocket subway cars into revenue service in Canada’s largest city, with a six-car train expected to make the first run shortly after the end of the morning rush. ...
Dallas Area Rapid Transit says it as submitted plans to the federal government updating Dallas’ proposed Oak Cliff streetcar line, linking downtown to the namesake neighborhood that, driven by citizen advocacy, has spearheaded the project.
Portland, Ore., is dropping its streetcar order from Clackamas, Ore.-based United Streetcar LLC from six to five, reportedly due to manufacturing issues and the need to keep the city’s $148 million streetcar expansion project within budget. Officials maintain that the 3.3-mile Eas ...
During eight days earlier this month, Norfolk Southern completed $16.2 million in track, bridge, and signal improvements in southwestern Pennsylvania’s Monongahela Valley, the Class I railroad says. ...
New York Metropolitan Transportation Authority Chairman and CEO Jay H. Walder announced Wednesday that MTA is cutting an additional $2 billion from its 2010-2014 Capital Program. ...
CSX has reported record second-quarter results, with operating income up 21% to $926 million, earnings per share up 28% to 46 cents, and an operating ratio that dropped to 69.3%, an improvement of 190 basis points. ...
Bombardier Transportation on Wednesday said that, pursuant to the original contract announced in July 2006, the Chicago Transit Authority (CTA) has placed orders for 300 additional rapid transit cars. ...
CN Tuesday said it plans to construct two more extended sidings on its Northern Ontario main line this year, bringing its investments in seven long sidings on this route to more than C$30 million. Two additional extended sidings, costing a total of C$10 million, are planned for this main line in 201 ...
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