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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. ...

Neupaver’s optimism was backed by Steve Barger, an analystwith KeyBanc Capital Markets Inc., who noted, “On the back of this strongperformance, [Wabtec] increased its 2011 guidance to $3.65-$3.70 from$3.45-$3.55, and increased the top-line expectations to 25% growth (from theprevious guidance of 20%). We estimate this implies 4Q11 results of $0.90-$0.95and revenue of around $450 million.”

 

 

--> Wilmerding, Pa.-based Wabtec Corp. Tuesday reported record third-quarter earnings of $46.6 million, or 96 cents per diluted share, 33% higher than the comparable quarter in 2010. Sales also set a record at $499 million, also up 33% from a year ago, which Wabtec attributed to strong growth in its ...
Metro-North Railroad President Howard Permut on Monday said full service on the railroad’s Port Jervis Line will be restored Monday, Nov. 28, roughly one month ahead of the most optimistic projection. Permut made the announcement at a combined Metro-North/Long Island Rail Road Committee meetin ...
Canadian Pacific early Tuesday announced third-quarter net income of C$186.8 million, or earnings of C$1.10 per share, down 5%, or 7 Canadian cents per share, from earnings of C$197.3 million in the comparable period in 2010. ...
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