Latest Rail Industry News
Union Pacific (UP) has reported its 2016 second quarter financial results with net income of nearly $1 billion, or $1.17 per diluted share, compared to the 2015 second quarter’s $1.2 billion net income, or $1.38 per diluted share.
Siemens’ new rail service headquarters in Sacramento, Calif. Photo: courtesy of Siemens.
Canadian Pacific Railway Limited (CP) has reported that revenues for the 2016 second quarter have decreased by 12 percent to $1.45 billion when compared to the second quarter of 2015. Diluted earnings per share (EPS) declined 9 percent to $2.15 from $2.36, and adjusted diluted EPS dropped 16 percent to $2.05 from $2.45.
The design features of 1,025 new subway cars and the key elements in the renovation of 31 subway stations were unveiled by New York Governor Andrew M. Cuomo at the Transit Museum in Brooklyn.