Latest Rail Industry News
Union Pacific (UP) has reported its 2016 third quarter financial results with net income of $1.1 billion, or $1.36 per diluted share, compared to the 2015 third quarter’s $1.3 billion net income, or $1.50 per diluted share.
Los Angeles County Metropolitan Transportation Authority (Metro) was joined by elected officials and community stakeholders in Little Tokyo to celebrate the naming and lowering of a segment of the tunnel boring machine (TBM) for excavating twin 1.1-mile
Canadian Pacific Railway Limited (CP) has reported that revenues for the 2016 third quarter have decreased by 9 percent to $1.55 billion when compared to the third quarter of 2015.
The Greenbrier Companies, Inc. has announced organizational changes in anticipation of the previously disclosed retirement of Executive Vice President and President of Greenbrier Leasing Corporation (GLC) James T. Sharp.
Kansas City Southern (KCS) has reported revenues of $605 million for the 2016 third quarter, a 4 percent decrease compared to revenues in the third quarter of 2015. When excluding estimated impacts of lower U.S.
Canadian Pacific has named Nadeem Velani vice president and chief financial officer, responsible for helping plan the long-term strategic direction of the company, as well as financial planning, investor relations, reporting and accounting systems, pension, treasury and tax.
Secretary Foxx tours high-speed rail construction. Photo: courtesy of California High-Speed Rail Authority.