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2Q railcar orders, deliveries grow, ARCI says
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
GWI set to acquire RailAmerica, Inc.
Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to…
Locomotive orders aid GE Transportation 2Q
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second…
GATX Corp. 2Q income down; still beats Street
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter…
Union Pacific 2Q beats Street, sets records
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22…
CSX earnings rise, operating ratio falls
CSX Corp. late Tuesday announced second-quarter net earnings of $512 million, or $0.49 per share, versus $506 million, or 46 cents per share, in the same period last year—a 7%…
Intermodal powers KCS to record quarter
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
GE expands New York battery factory
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
Transport bill maps course for two years
MAP-21, Moving Ahead for Progress in the 21st Century, is the latest "ISTEA" transportation funding measure approved by Congress June 29, laying out $127 billion in federal ground transport funding…
Joy, trepidation, fear at CP—all at the same time
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
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