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Purple Line 3P approach is approved
Maryland transportation officials on Wednesday, Nov. 6, 2013, got the go-ahead to advance a private-public partnership (3P or PPP) approach for the $2.2 billin Purple Line light rail transit project,…
GWI posts 3Q profit
Genesee & Wyoming Inc. on Friday, Nov. 1, 2013, reported third-quarter earnings of $65.7 million, or $1.16 per diluted share, compared with a loss of $19.6 million, or 47 cents…
ARI reports “strong” 3Q earnings
St. Charles, Mo.-based American Railcar Industries, Inc. has reported "strong" third-quarter earnings of $35.6 million, or 98 cents per share, up 17% from earnings of $30.3 million in the third…
CTA protests Moody’s credit downgrade
The Chicago Transit Authority on Monday, Oct. 28, 2013, objected strongly to a downgrade of its credit rating made last week by Moody's Investors Service.
Ackman to sell partial stake in CP
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
Wabtec 3Q earnings, sales rise
Wilmerding, Pa.-based Wabtec Corp. reported Thursday, Oct. 24, 2013 third-quarter earnings of $73.9 million, or 76 cents per share, up about 17% from $63 million, or 65 cents per share,…
GATX 3Q earnings beat Street
Chicago-based GATX Corp. Thursday, Oct. 24, 2013 reported third-quarter net income of $53.8 million, or $1.15 per diluted share, compared with net income of $53.8 million, or $1.13 per diluted…
NS sports solid 3Q earnings
Norfolk Southern Wednesday, Oct. 23, 2013 reported third-quarter net income of 482 million, up 20% from the $402 million reported in the third quarter of 2012. Diluted earnings per share were…
Record 3Q earnings for CP
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
CN 3Q earnings up on record revenue
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per…
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