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Record 3Q for CP
Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84…
KCS reports record 3Q revenue
Kansas City Southern on Friday, Oct. 17, 2014 reported third-quarter 2014 revenue of $678 million, up 9% from the third quarter of 2013. Carload volumes for the quarter were up…
Ex-Im Bank financing GE locomotives for Indonesia
Export-Import Bank of the U.S. (Ex-Im Bank) Chairman and President Fred P. Hochberg, GE Transportation President and CEO Russell Stokes, and Indonesia's PT Kereta Api (PTKAI) of Jakarta President and…
Partnership sets Bakken transload terminal
Northern Plains Rail Services (NPRS) said Thursday, Oct. 16, 2014 it has formed a partnership with NorthStar Midstream "to provide switching operations at their new transloading terminal located in Fairview,…
AIG expands liability limits to $1 billion
American International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.
SMART CFO: Project fiscally sound
Sonoma-Marin Area Rail Transit (SMART) service "is two years away from the start of passenger service between the Sonoma County Airport and downtown San Rafael" in northern California, and the…
Seattle monorail plan passé, newspaper says
Amidst Seattle's aggressive expansion of light rail transit and streetcar lines, some have insisted on revitalizing monorail transportation, which appeared in the city during its 1962 World's Fair.
MTA five-year capital plan on hold
New York's Metropolitan Transportation Authority (MTA) has been told to go back to its proposed $32 billion five-year capital program and, in essence, perform a do-over.
Bombardier gets new NJT RiverLINE contract
Bombardier Transportation said Wednesday, Oct. 1, 2014 it had "signed a new contract" to continue running New Jersey Transit's RiverLINE, roughly paralleling the Delaware River between Camden, N.J., and the…
CP’s Harrison sets 2018 financial goals
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more…
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