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GATX Rail: Car utilization and earnings high
GATX Corp. reported Thursday that its Rail segment earned a profit of $58.6 million in the first quarter of 2012 vs. $51.6 million in the year-ago quarter. GATX said the improvement was…
RailAmerica: Operating income up 57%
RailAmerica, Inc. reported late Wednesday that first-quarter revenue increased 15% to $143.4 million from $124.9 million in the first quarter last year. 2011. Freight revenue increased 10% to $107.8 million with average revenue…
DOT seeking 100% “American” passenger cars
The U.S. Department of Transportation has issued a $551 million Request for Proposals (RFP) for 130 new “standardized” bilevel passenger railcars for use on Amtrak’s intercity routes in California, Illinois,…
GE Transportation reports strong revenue gain
Erie, Pa.-based GE Transportation Friday reported a "segment profit" of $232 million in the first quarter of 2012, up 48% from the same quarter a year ago. Revenue of $1.3…
CP trumpets 1Q earnings ahead of proxy battle
Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly…
UP 1Q profit up 35%
Union Pacific Thursday reported its first-quarter profit was $863 million, or $1.79 per share, in the first quarter of 2012, up dramatically from $639 million, or $1.29 per share, in…
CSX 1Q beats Street
Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street's consensus…
Talgo ponders suing Wisconsin
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter's long-expected cancelation of a $166 million maintenance contract.
United States joins InnoTrans 2012 exhibitors
With the addition of the United States and Hungary, InnoTrans 2012 will have a record 32 countries mounting combined national and regional displays of their transport technology at the ninth…
Saskatchewan announces short line grants
Saskatchewan's provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
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