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Met Council touts Green Line economic impact
St. Paul, Minn.'s yet-to-open Green Line (Central Corridor LRT project) is being credited with "at least $2.5 billion worth of new construction and redevelopment projects" by the Metropolitan Council, overseeing public…
Atlanta, MARTA to jointly operate streetcar
Choosing an option preferred by some other U.S. cities redeploying streetcars within their borders, Atlanta on Tuesday, May 13, 2014 said it would share direct operational responsibility of its new…
Class action suit targets KCS
Kansas City Southern appears to have become the target of shareholder class action, including from a law firm claiming the Class I railroad "and certain of its executive officers made…
CSX CFO: Growth modest in 2014, robust in 2015
Despite the difficult winter conditions of the first quarter, CSX is positioned to capitalize on underlying economic strength and market opportunities in the balance of 2014 to grow earnings, Fredrik…
NS CEO Moorman: Outlook good for 2014
Norfolk Southern CEO Wick Moorman, addressing the company's annual meeting in Williamsburg, Va., gave company shareholders numerous reasons for continued optimism following a year that contained what NS hails as…
FCA cites winter weather for 1Q woes
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
GWI cites weather impact on 1Q earnings
Genesee & Wyoming, Inc. on Thursday, May 1, 2014, cited "severe winter weather" as a primary factor disrupting its first-quarter earnings and revenue.
Freight car forecast: 62,300 units in 2014
Economic Planning Associates has made a modest upward revision to its freight car deliveries estimate for 2014, to 62,300 units. This number, EPA said, “is based on first-quarter 2014’s strength…
ARI profitable 1Q fails to beat Street
American Railcar Industries, Inc. reported a first-quarter profit of $20.8 million, or 97 cents per share, late Wednesday, April 30, 2014, after the closing bell on Wall Street. compared with…
MTA HQ tests energy storage system
New York's Metropolitan Transportation Authority (MTA) has officially launched a "next-generation energy storage system," designed to allow the agency to function in the event of power disruptions from various sources.
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