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Wabtec marks successful third quarter
Wabtec Corp. on Tuesday, Oct. 28, 2014 announced "record results" for its third quarter, led by record earnings per diluted share of 93 cents, up 22% from the comparable quarter…
RSI stats show 3Q14 car orders break record
The Railway Supply Institute on Thursday, Oct. 23, 2014 released its railcar industry order, delivery, and backlog statistics for the third quarter, noting the quarter was the largest ever for…
UP 3Q profit rises
Union Pacific said Thursday, Oct. 23, 2014 its third-quarter earnings rose 19% measured against the comparable quarter in 2013, to $1.37 billion, or $1.53 per share, from $1.15 billion, or…
MassDOT taps China's CNR for MBTA cars
Massachusetts Gov. Deval Patrick and the state Department of Transportation were poised Wednesday, Oct. 22, 2014, to approve a $566.6 million contract for CNR Changchun to supply 284 rapid transit…
NS notches numerous 3Q records
Norfolk Southern early Wednesday, Oct. 22, 2014, reported net income of $559 million in the third quarter, up 16% from $482 million in the third quarter of 2013 and a…
Record 3Q for CP
Canadian Pacific Railway on Tuesday, Oct. 21, 2014, announced record third-quarter net income of C$400 million (US$356.4 million), or C$2.31 (US$2.06) per diluted share, up from C$324 million or C$1.84…
KCS reports record 3Q revenue
Kansas City Southern on Friday, Oct. 17, 2014 reported third-quarter 2014 revenue of $678 million, up 9% from the third quarter of 2013. Carload volumes for the quarter were up…
Ex-Im Bank financing GE locomotives for Indonesia
Export-Import Bank of the U.S. (Ex-Im Bank) Chairman and President Fred P. Hochberg, GE Transportation President and CEO Russell Stokes, and Indonesia's PT Kereta Api (PTKAI) of Jakarta President and…
Partnership sets Bakken transload terminal
Northern Plains Rail Services (NPRS) said Thursday, Oct. 16, 2014 it has formed a partnership with NorthStar Midstream "to provide switching operations at their new transloading terminal located in Fairview,…
AIG expands liability limits to $1 billion
American International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.
SMART CFO: Project fiscally sound
Sonoma-Marin Area Rail Transit (SMART) service "is two years away from the start of passenger service between the Sonoma County Airport and downtown San Rafael" in northern California, and the…
Seattle monorail plan passé, newspaper says
Amidst Seattle's aggressive expansion of light rail transit and streetcar lines, some have insisted on revitalizing monorail transportation, which appeared in the city during its 1962 World's Fair.
MTA five-year capital plan on hold
New York's Metropolitan Transportation Authority (MTA) has been told to go back to its proposed $32 billion five-year capital program and, in essence, perform a do-over.
Bombardier gets new NJT RiverLINE contract
Bombardier Transportation said Wednesday, Oct. 1, 2014 it had "signed a new contract" to continue running New Jersey Transit's RiverLINE, roughly paralleling the Delaware River between Camden, N.J., and the…
CP’s Harrison sets 2018 financial goals
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more…
Houston Metro delays LRT launches
Continuing and mounting delays have forced Metropolitan Transit Authority of Harris County (Metro) from adding two new light rail transit lines to Houston's growing system.
TEX Rail gets FTA, FAA nods to proceed
The Fort Worth Transportation Authority (The T)'s TEX Rail project has received a Record of Decision (ROD) from both the Federal Transit Administration (FTA) and the Federal Aviation Administration, the…
Norfolk Southern recognized for carbon disclosure
Norfolk Southern Corp. said Monday, Sept. 29, 2014 it has "earned recognition recently from environmental nonprofit CDP as a marketplace leader in carbon disclosure, reflecting the railroad's broad integration of sustainable business practices…
HDR lands Columbia Pike streetcar contract
Arlington County, Va., has selected HDR Inc. for preliminary design and engineering work for its 7.4-mile Columbia Pike Streetcar Line, serving both Arlington and Fairfax counties.
San Francisco taps Brookville for PCC rebuilds
Brookville Equipment Corp. said Wednesday, Sept. 24, 2014 it and the San Francisco Municipal Transportation Agency (SFMTA) have agreed to terms "for the rebuild of 16 Presidents' Conference Committee (PCC)…
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