Latest Rail Industry News
FreightCar America, Inc. has reported revenues of $87.8 million and net loss of $25.7 million, or $2.06 per diluted share, for the fourth quarter that ended December 31, 2018.
Amtrak has announced that it will provide matching funds to enable a federal grant to be awarded for upgrades on the Southwest Chief’s route in Kansas, Colorado and New Mexico. The Southwest Chief’s Amtrak Trains 3 & 4 provide daily service between Chicago and Los Angeles.
Kevin Corbett, NJ TRANSIT executive director, has announced that full service will resume on the Atlantic City Rail Line (ACRL) and the Princeton Branch (Dinky) on May 24, 2019.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending February 23, 2019, totaled 522,630 carloads and intermodal units, a 1.1 percent decrease compared to the same week in 2018.
BNSF Railway Company (BNSF) has announced 2019 Capital investments for Texas, California, Washington and New Mexico.
The company will invest approximately $405 million of its 2019 capital expenditure program for rail infrastructure in Texas including:
Wabtec Corporation has reported results for both the fourth quarter of 2018 and the 2018 full year.
For the 2018 fourth quarter, sales were $1.1 billion and cash from operations was $277 million. Excluding expenses, the company had adjusted earnings per diluted share of $0.97.
Catherine Rinaldi, president of MTA Metro-North Railroad, has announced that the railroad’s New Haven Line trains will run service between Fordham and Manhattan beginning April 14.