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Transnet: 1,064 locomotives, $5 billion
Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa…
Oregon scuttles CRC bridge plans
Oregon's Department of Transportation announced Friday, March 7, 2014, that it will abandon planning efforts for the controversial Columbia River Crossing project, citing the Oregon state legislature decision not to…
REF 2014: What’s moving in what, and why
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay…
BNSF cites good 4Q, full-year results
BNSF has reported operating income for the fourth quarter of 2013 of $1.88 billion, up 15% from $164 billion in income in the fourth quarter of 2012. Income for the…
Greenbrier cites 2Q tally of 5,600 railcars
The Greenbrier Cos., Inc. said Monday, March 3, 2014 it has received "new orders in the second fiscal quarter ended February 28, 2014 for 5,600 railcar units valued at approximately…
RR Mergers sets sale of signal subsidiary
St. Louis-based RR Mergers & Acquisitions on Thursday, Feb. 27, 2014, said it has sold J&A Industries to B & B Roadway and Security Solutions.
President proposes infrastructure package
President Obama on Wednesday, Feb. 26, 2014, called for a four-year, $302 billion investment in U.S. infrastructure, primarily targeting repair and rehabilitation of existing assets.
Fed funds boost LA LRT Regional Connector
Los Angeles County Metropolitan Transportation Authority (LACMTA) officials and other transport personnel welcomed a $670 million federal grant aiding a Downtown Regional Connector, scheduled to open in 2020.
ARI: Record earnings in 2013
St. Charles, Mo.-based American Railcar Industries says it recorded record earnings for the full year of 2013, and a 3% rise in consolidated earnings during the fourth quarter compared with…
Trinity Industries 4Q beats Street
Dallas-based Trinity Industries late Wednesday, Feb. 19, 2014, reported fourth-quarter net income of $112.8 million, or $1.44 per share, up from $71.3 million, or 90 cents a share, in the…
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