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UP 3Q earnings soar to record
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
CSX 3Q earnings up from 3Q12, beat Street
CSX Corp. Tuesday, Oct. 15, 2013 reported third-quarter net earnings of $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the third quarter of…
AAR adds two Silver Associate Members
Eastern Fluid Power Inc. and FTD Fahrzeugtechnik Bahnen Dessau GmbH have joined the Association of American Railroads as Silver Associate Members.
Metrolinx taps Wabtec for Tier 4 locomotives
Wilmerding, Pa.-based Wabtec Corp. said Tuesday, Oct. 8, 2013 its MotivePower subsidiary has signed a US$63 million contract with Canada's Metrolinx to build 10 new, low-emission locomotives.
LIRR seeks to lease diesel consists
MTA Long Island Rail Road has issued a Request for Expressions of Interest (RFEI) for diesel locomotives and trailer passenger cars, in an effort to bolster service on one branch…
2014 Railroad Financial Desk Book
Welcome to the 2014 edition of the Railroad Financial Desk Book. As regular readers know, every year we take a look back at issues and events that have impacted the…
Netherlands to AnsaldoBreda: Get your gear
Netherlands Railways has told AnsaldoBreda the Italian railcar manufacturer can pick up its 16 V250 Fyra high speed rail trains whenever it wants. NS has rejected the equipment due to…
MTA taps Kawasaki for M-9 railcar order
Kawasaki Rail Car, Inc. has been awarded a $1.8 billion contract by New York's Metropolitan Transportation Authority to supply an initial order of 92 M-9 married-pair electric multiple-unit (EMU) cars…
Continental Rail Corp. eyes freight railcar program
Continental Rail Corp., a short line and regional freight railroad holding company, announced Wednesday, Sept. 11, 2013 that it has engaged energy and infrastructure investment banking firm Taylor-DeJongh Ltd. to…
Potential suitor emerges for beleaguered MM&A
A Canadian rail group reportedly is negotiating with the State of Maine in hopes of acquiring the Montreal, Maine & Atlantic Railway, which filed for bankruptcy on Aug. 7 following…
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