Texas’ capital city, awaiting regional rail service delayed by at least one year, is nonetheless evaluating possible streetcar alternatives. Austin’s City Council Thursday approved $1 million to complete a preliminary engineering study for a streetcar operation designed to connect some of the city's key business districts.
Crediting strength in its transit and transportation markets, Wilmerding, Pa.-based Wabtec Corp. Feb. 25 said it posted fourth-quarter net income of $31.1 million, or 64 cents per share, on sales of $405.2 million. That compares with net income of $28.7 million, or 58 cents per share, on sales of $365.2 million in the fourth quarter of 2007, or a 9% jump in fourth-quarter profit. Per-share results were short of analyst expectations of 65 cents per share on revenue of $391 million.