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Crediting strength in its transit and transportation markets, Wilmerding, Pa.-based Wabtec Corp. Wednesday said it posted fourth-quarter net income of $31.1 million, or 64 cents per share, on sales of $405.2 million. That compares with net income of $28.7 million, or 58 cents per share, on sales of $365.2 million in the fourth quarter of 2007, or a 9% jump in fourth-quarter profit. Per-share results were short of analyst expectations of 65 cents per share on revenue of $391 million.

--> Crediting strength in its transit and transportation markets, Wilmerding, Pa.-based Wabtec Corp. Wednesday said it posted fourth-quarter net income of $31.1 million, or 64 cents per share, on sales of $405.2…

Crediting strength in its transit and transportation markets, Wilmerding, Pa.-based Wabtec Corp. Feb. 25 said it posted fourth-quarter net income of $31.1 million, or 64 cents per share, on sales of $405.2 million. That compares with net income of $28.7 million, or 58 cents per share, on sales of $365.2 million in the fourth quarter of 2007, or a 9% jump in fourth-quarter profit. Per-share results were short of analyst expectations of 65 cents per share on revenue of $391 million.

--> Crediting strength in its transit and transportation markets, Wilmerding, Pa.-based Wabtec Corp. Feb. 25 said it posted fourth-quarter net income of $31.1 million, or 64 cents per share, on sales…

New York City’s Canarsie L line became the first in the system Tuesday to operate trains under full communications-based train control (CBTC) with ATO (automatic train operation), as trains began their Brooklyn/Manhattan route with motormen aboard in a supervisory capacity. ATO operations initially will be limited to off-peak service, with rush-hour operation to be phased in.

--> New York City’s Canarsie L line became the first in the system Tuesday to operate trains under full communications-based train control (CBTC) with ATO (automatic train operation), as trains began…

Canadian National has filed an appeal in U.S. federal court challenging a mandate issued by the Surface Transportation Board that it pay the majority of costs for two rail crossing upgrades on the Elgin, Joliet & Eastern Railway Co., which it acquired in January for $300 million.

--> Canadian National has filed an appeal in U.S. federal court challenging a mandate issued by the Surface Transportation Board that it pay the majority of costs for two rail crossing…

Add Phoenix to the growing list of cities with a successful light rail launch. The 20-mile LRT line, which debuted late last December, averaged 30,600 riders per weekday, significantly above the 26,000 boardings per weekday anticipated by Metro.

--> Add Phoenix to the growing list of cities with a successful light rail launch. The 20-mile LRT line, which debuted late last December, averaged 30,600 riders per weekday, significantly above…

10East Corp. says Montana Rail Link, Inc. has chosen to use the RailDOCS™ Preventive Maintenance Management System (PMMS) in support of preventive maintenance and government compliance activities in its signal department.

--> 10East Corp. says Montana Rail Link, Inc. has chosen to use the RailDOCS™ Preventive Maintenance Management System (PMMS) in support of preventive maintenance and government compliance activities in its signal…

Balfour Beatty Rail, Inc.’s Transit division says it has successfully negotiated the first two work orders in its systems on-call services contract with the Denver Regional Transportation District (RTD), with a combined value in excess of $16 million. Both work orders have a completion date of Oct. 31, 2010.

--> Balfour Beatty Rail, Inc.’s Transit division says it has successfully negotiated the first two work orders in its systems on-call services contract with the Denver Regional Transportation District (RTD), with…
One week is left for nominations to be submitted for Railway Age’s annual Short Line/Regional Railroad of the Year competition.

U.S. railroads reported that freight volume during the week ended Feb. 14 was once again down in comparison with last year, according to the Association of American Railroads. Carload freight fell 12.2% from the level achieved in the comparable week of 2008, though AAR noted carload volume for the week reached its highest level so far in 2009 and was up 6.2% from the previous week ended February 7.

--> U.S. railroads reported that freight volume during the week ended Feb. 14 was once again down in comparison with last year, according to the Association of American Railroads. Carload freight…

Secretary of Transportation Ray LaHood says the Obama Administration is committed to high speed rail not just as a recipient of short-term stimulus funding, but for the long fun as well, and seeks to expand HSR in “five or six regions” in the U.S.

--> Secretary of Transportation Ray LaHood says the Obama Administration is committed to high speed rail not just as a recipient of short-term stimulus funding, but for the long fun as…

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