Latest Rail Industry News
Watco Companies, LLC has reached a definitive agreement with Kinder Morgan Terminals (KMT) to purchase 20 bulk terminal operations in the United States.
Genesee & Wyoming Inc. (G&W) has reported a decrease of 4.6 percent, or 11,865 carloads, for October rail traffic compared to October 2015. Carloads totaled 245,344.
Beginning November 14, Caltrain, the provider of commuter rail service along the San Francisco Peninsula, will be adding an extra car to three of its rail lines during rush hour to increase carrying capacity.
Xi’an metro line car. Photo courtesy of Alstom/Xi’an.
L.B. Foster Company reported its third quarter 2016 operating results, with sales of $114.6 million, a decrease of 34.9 percent compared to the third quarter of 2015. Rail segment sales in the quarter were down by 35.3 percent.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending November 5, 2016, totaled 543,377 carloads and intermodal units, a 0.7 percent increase compared to the same week in 2015.
Cindy Sanborn, CSX executive vice president and chief operating officer, updated the company’s expectations for fourth quarter and full-year performance as well as progress on the company’s long-term strategy at Baird’s 2016 Industrial Conference in Chicago.
The New York Metropolitan Transportation Authority (MTA) will be implementing service changes on the Canarsie Line for June 2017 as the authority plans repairs of two century-old structures, the Myrtle Viaduct and the Atlantic Railway Bridge. The addition of 50 rou
Despite a weather-delayed harvest, Canadian Pacific (CP) announced that October was its best-ever month for Western Canadian grain movement to Vancouver.