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New York MTA facing $12 billion capital shortfall
The New York Metropolitan Transportation Authority, which accounts for approximately 25% of all rail transit spending in the U.S., is staring at a potential $12 billion shortfall in its proposed…
Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced…
“Record results” for Wabtec in 2Q
Wabtec Corp. on Thursday, July 24, 2014, reported "record results" for its second quarter.
UP 2Q results beat the Street
Union Pacific said Thursday, July 24, 2014 its second-quarter net earnings rose 17%, to $1.29 billion, or $1.43 per share, measured against $1.11 billion, or $1.18 per share, in the…
Norfolk Southern notches record second quarter
Norfolk Southern Corp. early Wednesday, July 23, 2014 reported "record net income" of $462 million, or diluted earnings per share of $1.79, in the second quarter. Those marks were 21%…
CN 2Q earnings show strength
Rebounding from a first quarter hampered by what its CEO called the "winter of a lifetime," CN late Monday, July 21, 2014 reported second-quarter net income of C$847 million (US$789…
GBW Railcar Services marks official launch
The Greenbrier Cos., Inc. and Watco Cos. LLC announced Monday, July 21, 2014, that they "have completed formation of their 50/50 railcar repair joint venture creating the largest independent railcar…
RSI: 2Q railcar orders, deliveries flex muscle
The Railway Supply Institute on Friday, July 18, 2014, released its railcar industry order, delivery, and backlog statistics for the second quarter, with the data showing strong growth, which one…
KCS reports strong 2Q results
Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.
CP touts “strongest financial results” in 2Q
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up…
Record 2Q earnings, revenue, for CSX
CSX Corp. announced record second-quarter net earnings of $529 million, or 53 cents per share, Tuesday afternoon, July 15, 2014, after the closing bell on Wall Street. Results were up…
SFMTA readies Siemens LRT contract
The San Francisco Municipal Transportation Agency (SFMTA) is set to award Siemens Mobility a contract for 261 S200 light rail transit (LRT) vehicles to replace the city's aging LRT fleet,…
Virginia funds back Columbia Pike streetcar
Virginia has committed to funding up to half the cost of the contentious Columbia Pike streetcar project, designed to traverse the namesake avenue in Arlington and Fairfax counties, suburbs of…
Survey: Shippers expect business to grow
The average growth rate by which shippers anticipate their businesses to grow has increased, the pricing and employment outlook remains solid, and ongoing rail traffic strength has been aided only…
"Solid" 3Q earnings, revenue for Greenbrier Cos.
The Greenbrier Cos. Wednesday, July 2, 2014, reported fiscal third-quarter net earnings of $33.6 million, or $1.03 per diluted share, compared with last year's fiscal third-quarter net earnings, excluding a…
Analyst: Thumbs up to Trinity Industries buy
Trinity Industries, Inc. has announced its intent to acquire Meyer Steel Structures, a provider of tubular steel structure for electricity transmission and generation, for about $600 million.
Indiana taps vendor for Hoosier State
Indiana's Department of Transportation has selected Corridor Capital, LLC as its "preferred vendor" to manage and operate Amtrak's Hoosier State between Indianapolis and Chicago.
El Paso streetcar plan gets state funding
The Texas Transportation Commission dispensed $2.2 billion in funding Thursday, June 26, 2014, to numerous municipalities in the Lone Start State, including cities such as Houston, Dallas, and San Antonio.…
Anthony D. Kruglinski, 1947-2014
Anthony D. “Tony” Kruglinski, Founder and President of Railroad Financial Corporation and Railway Age’s long-time Financial Editor, died Sunday, June 15, at his home in West Orange, N.J., of pancreatic cancer.…
OmniTRAX lands Texas short line, site work
OmniTRAX said Thursday, June 12, 2014, it will manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Tex. As well, OmniTRAX will also develop…
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