Parsons Brinckerhoff has appointed Richard A. Schrader chairman, succeeding Keith J. Hawksworth, who is retiring after 33 years with the firm. In his new position, Schrader, currently Executive Vice President and Chief
New York City Transit’s subway and bus system will eliminate 1,722 jobs—by layoffsor attrition—by July 4, according to information filed with state authorities. The planned elimination of the V and W subway routes
Both U.S. carload freight and intermodal traffic showed strength in the week ended April 24, the Association of American Railroads reported Thursday. Carload volume was at its highest level since the first
American Railcar Industries late Wednesday reported a first-quarter net loss of $7.0 million, or 33 cents per share, on revenue of $52.3 million, compared with earnings of $2.7 million, or 13 cents
Trinity Industries, Inc. late Wednesday reported first-quarter revenue of $454.0 million, down from $793.5 million for the samequarter of 2009. Net income of $2.0 million, or $0.07 per common diluted share, included
Genesee & Wyoming Inc. Thursday said its first-quarter net was $16.0 million, up 15% from $13.9 million recorded in the first quarter of 2009. GWI’s diluted earnings per share of 39 cents
Dallas Area Rapid Transit has set December 6, 2010 as the date for completion of the final sections of the Green Line light rail project. Two sections, one from MLK, Jr. Station
Canadian Pacific earned first-quarter net income of C$100 million, an increase of 74% from first-quarter 2009. Earnings per share were C$0.59, up from C$0.36 and ahead of the Wall Street consensus estimate of C$C0.51.
Prudent and persistent capital investment has positioned Union Pacific for a robust recovery.
Although the Railroad Safety Improvement Act of 2008 was written primarily for the Class I’s, many of the short line and regional railroads that touch roughly one out of every five carloads the Class I’s handle will have to deal with this mostly unfunded mandate.
The Class I’s are, and the technical cooperation, says one key participant, “is truly remarkable.”
The Seattle City Council’s Transportation Committee Wednesday unanimously approved a proposed First Hill modern streetcar project, and even seeks to extend the proposed route with surplus funds if construction comes in below
The railroad industry has a safety record that’s the envy of many other industries, yet when railroads think safety, they think continuous improvement. The most important element is a strong safety culture, supported by training and technology.
Whether it’s wheat or wind energy components, the 2010 Regional Railroad of the Year seeks an ever-growing customer base, come heck or (literal) high water. Perhaps more than some portions of the
Now that BNSF is no longer a public company and is a wholly owned subsidiary of Berkshire Hathaway, what can BNSF’s short lines expect? There are two indicators, both of which are in Warren Buffett’s 2009 Shareholder Letter (available at www.berkshirehathaway.com).
By William C. Vantuono, Editor China is well ahead of the United States in high speed rail, with plans to invest nearly half a trillion (that’s trillion with a “t”) dollars through 2012
In the key category of transportation (train and engine)—train operating crews—employment rose to 57,807 in March, a 2.58% increase over February. This was about double the rate of increase for all employment. That
Norfolk Southern Tuesday reported first-quarter net income of $257 million, or $0.68 per diluted share, up 45% from the $177 million, or $0.47 per diluted share, it recorded in the first quarter
The threatened abandonment of 231 miles of the Montreal,Maine & Atlantic Railway in Maine’s Aroostook and Penobscot counties is going into confidential mediation under the auspices of the Surface Transportation Board. The board said it
The Association of American Railroads today released “Assessment of the Commercial Benefits of Positive Train Control,” a 93-page report, in response to a Chlorine Institute petition filed with the Federal Railroad Administration last
