The Greenbrier Cos. Friday reported fiscal 2012 first-quarter revenue of $398.2 million, which it said was “double the $198.9 million realized in the prior year’s first quarter,” and net earnings of $15.5 million, or 48 cents per diluted share, compared with a net loss of $2.3 million, or 11 cents per share, in the comparable quarter of a year ago.
OMNI Products, Inc. announced that it has been joined by Jensen Precast, a provider of precast concrete products, in an agreement to expand the manufacturing and distribution of OMNI Products’ grade crossing systems into the western U. S.
The Association of American Railroads Thursday wrapped up its reporting of 2011 traffic trends by noting gains for the year, the month of December, and the last week of the year just past.
The Federal Transit Administration has issued its final approval Los Angeles’ plan for a $1.72 billion light rail transit line along Crenshaw Boulevard, running from the Green Line near Los Angeles International Airport to the Expo Line.
As interest continues to build for high speed passenger operations, there is a significant potential for the addition of higher speed passenger trains to existing freight railroad lines.
Almost any way you look at it, railroads are getting safer. The latest report from the Federal Railroad Administration’s Office ofSafety Analysis, covering the first 10 months of the years 2008-2011, shows continuous improvement.
Transportation Secretary Ray LaHood Wednesday formally awarded more than $186 million to the Illinois Department of Transportation (IDOT) for its higher-speed rail project (HrSR), saying the project will reduce travel times and put Americans back to work this spring.
Bloomfield, N.J.-based Atlantic Track on Tuesday announced several personnel appointments, many involving staffing at the company’s new Southeast regional office in Atlanta.
Erie, Pa.-based GE Transportation said it had completed its acquisition of software provider RMI from The Carlyle Group. GE said late Tuesday the acquisition significantly expands its Software and Optimization Solutions business to serve railroad customers worldwide. Terms of the deal were not disclosed.
The Railway Supply Institute has noted a lobbying effort by the trucking industry could encourage Congress to increase truck sizes and/or truck weight on the nation’s roadways in the next surface transportation bill, now being considered; in both the House and the Senate. RSI calls this effort “the biggest threat we have seen in more than 20 years.”
Dear Railway Age and Rail Group News readers,
Happy New Year. January 1 marked my first day as Publisher of the Simmons-Boardman Rail Division, which consists of Railway Age, International Railway Journal, and Railway Track & Structures.
Maryland Gov. Martin O’Malley last week said the state will budget about $69 million in state funding for engineering work related to the proposed 16-mile Purple Line Light Rail project. The proposed
As part of the launch of its 150th anniversary celebration website, Union Pacific Railroad says it will award more than $35,000 in prizes to the top entries that remake the company’s classic 1970s television commercial, “We Can Handle It.”
U.S. freight carload traffic for the week ending Dec. 24, 2011 was up a hefty 11.9% compared with the same week one year ago, the Association of American Railroads said Thursday. U.S. intermodal volume for the same week was up 22.9% from the same week last year.
Parking commuter benefits will rise from $230 to $240 per month in 2012, but corresponding public transit user benefits provided by employers will be cut severely, due to the inability of Congress to reach consensus on the matter.
Users of Toronto Transit Commission’s Scarborough Line may be without rail service for four years, beginning in 2015, as the line is converted to light rail transit (LRT) from its current operation
Bombardier Transportation announced Dec. 28 it has secured an add-on order, worth $296 million, for 130 ELECTROSTAR electric multiple-unit (EMU) cars for the U.K.’s Southern rail operation.
A lobbying effort by the trucking industry could encourage Congress to increase truck sizes and/or truck weight on the nation’s roadways in the next surface transportation bill now being considered in both the House and the Senate, according to Railway Supply Institute President Tom Simpson.
The Railway Association of Canada reported Tuesday that the nation’s rail sector has rebounded from the global economic downturn, posting solid volume growth and investing “significantly” in capacity and efficiency initiatives.
China’s official news agency, Xinhua, announced that the Ministry of Railways over the past weekend launched a test train capable of achieving 500 km/h (310 mph) cruising speeds. CSR Corp. Ltd. built the train.
