Latest News Continued
27 October 2011

GWI

The Association of American Railroads Wednesday awarded its 2011 Professional Environmental Excellence Award to Genesee & Wyoming (GWI) Vice President for Motive Power David Powell. ...
American Railcar Industries reported Wednesday that its backlog swelled to approximately 7,110 cars as of Sept. 30, the largest since June 2008. The backlog includes approximately 1,700 cars for lease. The company had a backlog of approximately 1,050 cars on Dec. 31, 2010. Third-quarter 2011 shipmen ...
Norfolk Southern Corp. late Wednesday announced record third-quarter net income of $554 million, up 24% compared with the same period of 2010. Diluted earnings per share were a record $1.59, up 14%.  ...
RailAmerica, Inc. third-quarter revenue increased 7% to $104.7 million with average revenue per car up 14% and carloads down 6%, the company announced Tuesday. Non-freight revenue increased 14% to $35.0 million. ...
Trinity Industries, Inc. has reported third-quarter net income of $31.9 million, compared with $39.7 million for the same quarter of 2010. Revenue for the third quarter was $796.8 million compared with $540.0 million for the prior-year period. The company reported an operating profit of $105.4 milli ...
A $250,000 study by Parsons Brinckerhoff, due to be publicly released soon, is expected to endorse a proposal to extend New York City Transit’s No. 7 subway line under the Hudson River to Secaucus, N.J. The proposal, strongly backed by Mayor Michael Bloomberg, is becoming a risi ...
Canadian National late Tuesday reported earnings of C$621 million, or C$1.38 a diluted share, for the third quarter, up 12% from the comparable quarter in 2010 and beating Wall Street analyst expectations of C$1.32 a share. Sales of C$2.3 billion were up 9% from a year ago, CN said. ...
New York Gov. Andrew M. Cuomo has picked Deputy Federal Railroad Administrator Karen Rae to serve as the Deputy Secretary of Transportation in the Governor's Office. Rae previously served as Deputy Commissioner of Policy and Planning at the New York State Department of Transportation. ...
Alcatel-Lucent and Adif, a Spanish state-owned company responsible for the management of Spain’s railway infrastructures, on Tuesday said they have signed a collaboration agreement for the testing of communications technologies for use on railway transportation systems. Teams wi ...
Harsco Corp. on Tuesday announced new orders for railway track maintenance equipment from New Zealand and North America, expected to generate revenue of more than $13 million and add to Harsco Rail’s production and delivery order book for 2012. ...
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