Latest Rail Industry News
Koppers Inc., a wholly owned subsidiary of Koppers Holdings Inc., has agreed to extend a contract with one of its four largest railroad customers, Norfolk Southern Railway Company (NS<
Norfolk Southern Corporation has reported its net income increased 2 percent to $460 million for the third quarter of 2016 when compared to last year’s third quarter net income of $452 million.
The Hoosier State Train, which operates commuter rail service four days a week between Indianapolis and Chicago, has experienced continued growth in both ridership numbers and ticket revenues.
Savage, a supply chain solutions company, has opened a bulk material handling and rail transloading operation at the Iowa Trans Load Facility (TLF) in Davenport in the heart of the Quad Cities.
Canadian National Railway (CN) has reported that net income in the 2016 third quarter, which ended on September 30, 2016, was C$972 million, or C$1.25 per diluted share, compared with the 2015 third quarter net income of C$1,007 million, or C$1.26 per diluted share.
Wabtec Corporation has reported results for the 2016 third quarter, including sales of $676 million. Changes in foreign exchange rates reduced total net sales by $18 million compared to last year’s third quarter.
Bombardier Transportation has started work on phase one of its first Serbian rail control project, which is the upgrade to the Serbian section of the Belgrade-Bar (Montenegro) Line.
The Greenbrier Companies, Inc. has reported financial results for its fourth fiscal quarter and full year ending August 31, 2016, with net earnings for the quarter at $33.6 million, or $1.06 per diluted share. Revenue for the quarter was $595.2 million.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending October 22, 2016, totaled 544,092 carloads and intermodal units, a 1.7 percent decrease compared to the same week in 2015.