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GE sub reaches MOU with Russian railway
GE Transportation, Locorail, and Yakutia Railways in Russia announced Friday a Memorandum of Understanding "to explore the possibility of forming a strategic relationship to modernize diesel electric locomotives."
Colombia eyes major new coal railroad
New Colombia Resources, Inc. announced in Coral Springs, Fla., Thursday its plans for a public-private partnership with the Agencia Nacional de Infraestructura (ANI) of Colombia to build a $359 million railroad to…
CP terms 4Q earnings “solid”
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
NS budgets $2 billion for 2013 capex
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company…
CSX 4Q earnings dip; full-year earnings advance
CSX Corp. Tuesday afternoon reported fourth-quarter 2012 net earnings of $443 million, or 43 cents per share, compared with $457 million, or 43 cents per share, in the comparable 2011…
NS 4Q and full-year results slip
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of…
CN notches solid 4Q results
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings…
GE Transportation marks good year
GE Transportation's fourth-quarter results included $252 million in earnings, or "segment profits," in the fourth quarter, up 11.5% from $226 million in the comparable 2011 quarter.
Valero sets tank car buy for crude processing
Valero Energy Corp., billed as the world's largest independent refiner, plans to purchase 2,000 tank cars to increase shipment of crude oil to inland U.S. locations.
MBTA anger with Hyundai Rotem heats up
Reports from Boston-area print and television media Friday say Massachusetts Bay Transportation Authority (MBTA) is running short of patience over continuing delays of bilevel rail passenger equipment deliveries from Hyundai…
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