Latest Rail Industry News
A managed affiliate of OmniTRAX, Inc. has started operations of the Decatur Central Railroad, LLC (DCC), which runs 16 miles southwest from Cisco to Decatur, Ill.
Kansas City Southern (KCS) has reported revenues of $599 million for the 2016 fourth quarter, unchanged from the fourth quarter of 2015. When excluding estimated impacts of Mexican peso depreciation, revenues would have increased by 3 percent compared to the fourth quarter of 2015.
The New York Metropolitan Transportation Authority (MTA) has announced that the new Arthur Kill station, the first new Staten Island Railway (SIR) station built by the MTA since 1971, opened on January 21.
California rail gang doing weld replacement. Photo: courtesy of BNSF.
Union Pacific Corporation (UP) has reported a 2016 fourth quarter net income of $1.1 billion, or $1.39 per diluted share, compared to $1.31 per diluted share in the fourth quarter 2015.
Canadian Pacific Railway Limited (CP) has reported a record low operating ratio for both its 2016 fourth quarter and full year. The fourth quarter operating ratio was 56.2 percent and the full year operating ratio was 58.6 percent.
R. J. Corman Railroad Group, LLC has named Ray Sipes president of R. J. Corman Signaling, LLC. Sipes has been serving as interim president since early December. In addition to his role as president of R. J.
Reading & Northern Railroad (R&N) has recorded increases in employees, track, locomotives, freight cars, facilities and customers in 2016.
Railcar leasing company GATX Corporation has reported a 2016 fourth quarter net income of $30.9 million or $0.77 per diluted share. The 2015 fourth quarter net income was $58.2 million or $1.37 per diluted share.