AAR: U.S. freight traffic offers
U.S. freight carload traffic was flat for the week ending Oct. 15, 2011, measured against the comparable week of one year ago, the Association of American Railroads reported Thursday. U.S. intermodal volume
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UP 3Q earnings up 16%
Union Pacific Corp. Thursday reported third-quarter earnings of $904 million, or $1.85 per share, up 16% from the $778 million, or $1.56 per share, it notched in the third quarter of 2010.
GATX Rail earnings rise; fleet utilization: 98.2%
GATX Corp. has reported Rail segment profit of $63.0 million for the third quarter of 2011, compared with third-quarter 2010 Rail profit of $32.7 million. “The improvement in Rail segment profit is
New Jersey rail service proposal revived
An oft-proposed $1.5 billion, 18-mile diesel light rail transit (DLRT) line serving New Jersey’s Philadelphia suburbs has been reactivated, though the Delaware River Port Authority, which has been the lead agent for
Port Jervis Line repair ahead of schedule
MTA Metro-North Railroad says its efforts to repair its Port Jervis Line, providing West-of-Hudson service to New York’s Rockland and Orange counties, is ahead of schedule and, so far, under budget expectations.
Wabtec wins Denver PTC contract
Wabtec Corp. announced Wednesday that it had signed a $63 million contract with Denver Transit Partners to provide Positive Train Control equipment and services for three new commuter rail lines planned for
CSX again tops Newsweek
CSX Corp. ranked first among Class I railroads in the Newsweek Green Rankings, released Wednesday—an honor the company has consistently taken since the awards were launched in 2009. “Environmental sustainability has been
For GE Transportation, a $231 million investment
GE Transportation announced Tuesday investments totaling $231 million in manufacturing improvements and site upgrades to its Erie, Pa., site and a new manufacturing plant in Fort Worth, Tex., “to meet accelerating domestic
CSX posts record 3Q results
CSX Corp. late Tuesday said it notched record third-quarter net earnings of $464 million, or 43 cents per share, up 19% from earnings of $414 million, or 36 cents per share, in the
Vacancies open on STB’s rail/shipper advisory board
The Surface Transportation Board gave notice Tuesday of seven vacancies on the Railroad-Shipper Transportation Advisory Council (RSTAC) and solicitation of nominations. The openings are for representatives of three small shippers; representatives of
Class I employment up for month and year
U.S. Class I railroad employment rose to 160,240 in mid-September, up 3.99% over September 2010 and 0.08% higher than in September 2010. Employment was up in all categories compared with a year
CN adding 200 EcoTherm containers
Canadian National on Tuesday said it has purchased 200 EcoTherm containers to “increase customer efficiency and help reduce energy consumption in its fast-growing temperature-sensitive intermodal markets.” CN will use the equipment to
Amtrak leases Empire Corridor from CSX
Amtrak has reached agreement with CSX Corp. to lease roughly 100 miles of the Empire Corridor between Poughkeepsie and Schenectady, N.Y., to take effect early next year. A CSX spokesman said the
Railway Interchange 2011: An event to remember
Let me make one thing perfectly clear: I have never fueled a locomotive in my life, much less in a suit and tie. But in the photo above, taken at Railway Interchange 2011, I couldn’t resist a hands-on experience with a new piece of technology—in this case, the MPL Technologies SpillX system.
Dahlman Rose 2011 survey:
According to Dahlman Rose & Co.’s proprietary Third Quarter 2011 Rail Shipper Survey (completed by participants with over $10 billion in combined transportation purchasing power), railroad shippers anticipate an average base rate
Brunel industrial design award for Metro-North
MTA Metro-North Railroad received a prestigious Jury Prize for Overall Design Excellence for 2011 from The Watford Group and The Center for Industrial Design in Transportation at the Oct. 14 Brunel Awards
CP taps Raildecks flat-rack containers
Canadian Pacific on Monday said it will be the exclusive Canadian rail transportation provider for trailer supply company Contrans, using innovative multimodal flat rack containers from Calgary, Alberta-based Raildecks Intermodal. CP has been
Bombardier receives LRT supplier award
Bombardier Transportation said Monday that for the second year running, it has received the Worldwide Supplier of the Year Award. Bombardier was recognized at the 2011 Light Rail Awards, held in London,
KeyBanc: Railcar deliveries to keep growing
An analysis from KeyBanc Capital Markets released Sunday sees continued growth in railcar deliveries in 2011 and 2012, basing its estimates in part on dialogue with industry leaders. KeyBanc’s Steve Barger and
Woodward LRT project receives $2 million grant
The Department of Transportation selected 11 Michigan transportation projects to receive funding, including the Woodward Light Rail project, which will receive $2 million. “Many families depend upon public transportation to shop and