Latest News Continued
New York Gov. Andrew Cuomo late Thursday nominated Joseph Lhota, now executive vice president of administration for Madison Square Garden Co., to succeed Jay Walder as chairman of the Metropolitan Transportation Authority, a state agency. Walder is leaving MTA to head the Hong Kong mass transit s ...
U.S. freight carload traffic was flat for the week ending Oct. 15, 2011, measured against the comparable week of one year ago, the Association of American Railroads reported Thursday. U.S. intermodal volume for the week, however, rose 3% compared with one year ago. ...
20 October 2011

UP 3Q earnings up 16%

--> Union Pacific Corp. Thursday reported third-quarter earnings of $904 million, or $1.85 per share, up 16% from the $778 million, or $1.56 per share, it notched in the third quarter of 2010. UP revenue for the quarter also was up 16%, at $5.1 billion.Results beat Wall Street analyst consensu ...
GATX Corp. has reported Rail segment profit of $63.0 million for the third quarter of 2011, compared with third-quarter 2010 Rail profit of $32.7 million. “The improvement in Rail segment profit is primarily driven by higher lease income due to more cars on lease, stronger asset remarketing ac ...
An oft-proposed $1.5 billion, 18-mile diesel light rail transit (DLRT) line serving New Jersey’s Philadelphia suburbs has been reactivated, though the Delaware River Port Authority, which has been the lead agent for the line, acknowledges it doesn’t know how to advance the project. ...
MTA Metro-North Railroad says its efforts to repair its Port Jervis Line, providing West-of-Hudson service to New York’s Rockland and Orange counties, is ahead of schedule and, so far, under budget expectations. ...
Wabtec Corp. announced Wednesday that it had signed a $63 million contract with Denver Transit Partners to provide Positive Train Control equipment and services for three new commuter rail lines planned for Denver.The contract calls for Wabtec to provide a dispatch office, wayside signalin ...
CSX Corp. ranked first among Class I railroads in the Newsweek Green Rankings, released Wednesday—an honor the company has consistently taken since the awards were launched in 2009.“Environmental sustainability has been and will continue to be one of CSX’s top priorities, ...
GE Transportation announced Tuesday investments totaling $231 million in manufacturing improvements and site upgrades to its Erie, Pa., site and a new manufacturing plant in Fort Worth, Tex., “to meet accelerating domestic and global demand.”“The expansions reflect GE Tra ...
CSX Corp. late Tuesday said it notched record third-quarter net earnings of $464 million, or 43 cents per share, up 19% from earnings of $414 million, or 36 cents per share, in the third quarter of 2011. CSX's operating ratio was 70.4%, and the company said it remained on target for an opera ...
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