Latest Rail Industry News
The Massachusetts Bay Transportation Authority's (MBTA) Fiscal and Management Control Board (FMCB) has unanimously approved a $18.5 million construction contract for the next phase of Red Line W
The Surface Transportation Board (STB) has proposed new regulations to improve the availability of reciprocal switching by allowing a shipper to gain access to another railroad if the shipper makes certain showings.
Norfolk Southern Corporation has reported its net income decreased to $405 million for the second quarter of 2016 when compared to last year’s second quarter net income of $433 million. Diluted earnings per share decreased 4 percent to $1.36 when compared with $1.41 reported in the same quarter of last year.
Canadian Minister of Transport Marc Garneau has issued Protective Direction 38, accelerating the phasing out of DOT-111 tank cars for crude oil service to November 1, 2016, instead of the previous dates of May 1, 2017, for non-jacketed cars and March 1, 2018, for jacketed cars.
Canadian National Railway (CN) has reported that net income in the 2016 second quarter, which ended on June 30, was C$858 million compared with the 2015 second quarter net income of C$886 million.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending July 23, 2016, totaled 528,070 carloads and intermodal units, a 5.3 percent decrease compared to the same week in 2015.
Washington Metropolitan Area Transit Authority's (Metro) General Manager and CEO Paul J. Wiedefeld is proposing to close the Metro rail system at 10 p.m. on Sundays and midnight on every other night on a permanent basis.
Wabtec Corporation has reported results for the 2016 second quarter, including sales of $724 million, a decrease of approximately $9 million compared to last year’s second quarter due to changes in foreign exchange rates.