Latest Rail Industry News
NJ TRANSIT’s Board of Directors has approved a lease agreement with the New York Metropolitan Transportation Authority (MTA) for the last component
Canadian Minister of Transport Marc Garneau has announced that legacy DOT-111 tank cars will be completely removed for crude oil service by 12:01 a.m. on November 1, 2016, in accordance with Protective Direction 38.
Siemens S70 light rail vehicle for Metro Transit. Photo: courtesy of Siemens.
Effective December 5, K. N. Murthy has been named Honolulu Authority for Rapid Transportation interim executive director and chief executive officer, after a unanimous selection by the Board of Directors. His employment agreement is for a term of one year.
Metra, the operator of the Northeast Illinois commuter rail system, has announced that Union Pacific Railroad (UP) will be performing track work across all three of Metra’s commuter lines throughout the month of November.
The Timken Company has reported its financial results for the 2016 third quarter, with sales at $657 million, a 7 percent drop from last year’s third quarter. Excluding a currency impact of 1 percent, sales were down 6 percent.
Trinity Industries, Inc. reported results for the 2016 third quarter ending September 30, with a net income of $84.2 million compared to $204.3 million in the 2015 third quarter. The company reported earnings per common diluted share of $0.55 compared to $1.31 in last year’s third quarter.
Wabtec Corporation has announced that the U.S. Department of Justice (DOJ) has filed a proposed consent decree with the U.S.