Latest Rail Industry News
The Chicago Transit Authority (CTA) has proposed a $1.552 billion 2019 operating budget and a $2.9 billion five-year capital budget for 2019-2023.
Kansas City Southern (KCS) has reported record revenues of $699 million for the third quarter of 2018, a 6 percent increase compared to revenues in the 2017 third quarter.
Canadian Pacific Railway Limited (CP) has reported that revenues for the 2018 third quarter have increased by 19 percent to $1.9 billion when compared to $1.6 billion in the third quarter of 2017. This is the company’s highest ever reported revenue for any quarter.
The Metropolitan Transportation Authority’s (MTA) Metro-North Railroad announced that its crew working on the Waterbury Branch on October 9, 2018, set a rail maintenance record by installing 1,161 railroad ties in a single day.
Seattle’s Sound Transit has appointed Tracy Butler chief financial officer (CFO), reporting to Deputy Chief Executive Officer Kimberly Farley. Prior to her new position, Butler served as Sound Transit’s interim CFO.