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Cincinnati streetcar project breaks ground
They've done it! On Feb. 17th, Cincinnati finally broke ground on its streetcar project.
Toronto City Council (again) backs LRT
A second day of debate by the Toronto City Council Thursday resulted in the council's affirming more light rail transit (LRT) for Canada's largest city, rejecting Toronto Mayor Rob Ford's…
UP expects 7% drop in 1Q coal volume
Union Pacific told JPMorgan's Aviation, Transportation and Defense conference Tuesday that while most shipping volumes are up this year, it expects a 7% drop in first-quarter coal volume due to the mild…
Sacramento joins neighbor's streetcar push
Sacramento, Calif.'s City Council unanimously has approved involving the city in a starter streetcar route primarily traversing suburban neighbor West Sacramento.
L.B. Foster reports 4Q earnings
L.B. Foster Thursday reported fourth-quarter net income of $6.1 million, or 60 cents per diluted share, compared to $6.2 million or 60 cents per diluted share, in the same quarter of…
ARI notches good 4Q, full-year results
American Railcar Industries, Inc. expressed satisfaction with its fourth-quarter and full year revenue and earnings, and also voice cautious optimism on the year ahead.
RRIF loan will finance 30 KCSR locomotives
Kansas City Southern Railway Company (KCSR) has taken out a $54.6 million Federal Railroad Administration-administered Railroad Rehabilitation and Improvement Financing (RRIF) Program loan to purchase 30 new General Electric ES44AC…
GWI reports 4Q, full-year earnings gain
Greenwich, Conn.-based Genesee & Wyoming Inc. on Wednesday reported fourth-quarter net income $33.3 million, compared with net income of $19.9 million in the fourth quarter of 2010. GWI's diluted earnings…
Rail demand for Timken bearings grows
The Timken Co. Friday reported record sales of $5.2 billion for 2011, up 28% from 2010 on "strong demand from diverse industrial markets,” including the railroads., (The growing railroad market…
NS earnings, revenue records topple
Norfolk Southern late Tuesday reported a series of significant records for 2011: Railway operating revenues reached $11.2 billion, up 17%; income from railway operations climbed 20% to $3.2 billion; net…
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