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GE seeks to acquire Alstom energy business, would leave Transport sector alone
General Electric, having given up on its efforts to acquire Ansaldo STS from Italian conglomerate Finmeccanica, is reportedly in negotiations with Alstom over a $13 billion takeover of the French…
Exhibit sales open for REMSA/RSI-Hosted USA Pavilion at Brazil’s NT Expo
Exhibit sales are now open for the USA Pavilion at the Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and…
GATX EPS beats Wall Street consensus estimate
GATX Corp. on Thursday, April 24, 2014, reported $0.82 earnings per share (EPS) for first-quarter 2014, beating Wall Street’s consensus estimate of $0.76 by $0.06.
Wabtec reports record first quarter
Wabtec Corp. on Wednesday, April 22, 2014 reported record results for first-quarter 2014 and affirmed its 2014 guidance for earnings per diluted share of about $3.45, with revenues expected to…
Westport delivers first LNG tender to EMD
Vancouver, British Columbia-based Westport Innovations, has delivered the first of four liquefied natural gas (LNG) tenders ordered by Canadian National (CN) to Electro-Motive Diesel (EMD, which is developing a pilot…
O’Connor, Yaeger, Hayden among new Metro-North leadership
MTA Metro-North Railroad has appointed three industry veterans to executive posts in its transportation, mechanical, and engineering divisions, as part of a major reorganization, newly appointed President Joe Giulietti announced…
Another steam icon, N&W 611, heads for restoration
“The Spirit of Roanoke”—Norfolk & Western Class J 611, which has sat silently at the Virginia Museum of Transportation for the past 20 years—will soon be headed to Spencer, N.C.,…
NS steam set for 2014
Norfolk Southern and partners Tennessee Valley Railroad Museum and Fort Wayne Railroad Historical Society have launched a new season of “21st Century Steam” excursions has launched, with 18 excursions scheduled…
SP 4449 readied for another 15 years of service
For the past four decades, former Norfolk & Western and Southern Pacific locomotive engineer Doyle McCormack has coddled the most familiar steam locomotive operating in North America.
Rail Equipment Finance 2014 roundup
For those of you unable to join the more than 400 attendees at Rail Equipment Finance 2014, “Financial Edge” is here to help.
Miller Ingenuity acquires Larry McGee Co.
Winona, Minn.-based Miller Ingenuity (formerly Miller Felpax), a supplier of gear case seals, locomotive truck parts kits, and heavy-duty wear parts, has acquired Buffalo Grove, Ill.-based Larry McGee Co., a…
Siemens given notice to proceed on passenger locomotives
The Illinois Department of Transportation, on behalf of the states of Illinois, California, Michigan, Missouri, and Washington, on March 18, 2014 formally granted the Siemens Rail Systems Division an official…
Transnet: 1,064 locomotives, $5 billion
Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa…
Exhibit space sales to open for RSI/CMA 2014
Exhibit space sales for RSI/CMA 2014, the Railway Supply Institute’s annual trade show, will begin Monday, March 17, 2014. Sponsorship sales for both RSI/CMA and Canadian Rail Summit 2014, hosted…
Norfolk Southern unveils GoRail locomotive
GoRail and Norfolk Southern on March 12, 2014 unveiled a specially painted locomotive commemorating the 10th anniversary of GoRail, the non-profit grassroots organization dedicated to educating the public about the…
REF 2014: What’s moving in what, and why
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay…
CN’s Mongeau to keynote RSI/CMA 2014
CN President and Chief Executive Officer Claude Mongeau will be the keynote speaker at RSI/CMA 2014 on Monday, Sept. 22 in Montréal, Québec.
CN 2014 capex: C$2.1 billion
CN announced on Feb. 19, 2014 a capital investment plan worth approximately C$2.1 billion (US$1.9 billion) “to continue to raise network safety and efficiency, improve service, and grow the business.”…
EMD protests locomotive contract award
Electro-Motive Diesel has filed a formal protest with the Illinois Department of Transportation over the Multi-State Locomotive Procurement contract for up to 35 125-mph diesel-electric locomotives, for which Siemens Industry…
FEC taps GE Transportation for 24 locomotives
Jacksonville, Fla.-based Florida Florida East Coast Railway, LLC (FEC) announced Thursday, Jan. 30, 2014 it will acquire 24 new ES44C4 locomotives from Erie-Pa.-based GE Transportation.
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