Latest Rail Industry News
FreightCar America, Inc. has reported revenues of $40.7 million for the 2019 third quarter compared to revenues of $79 million for the third quarter of 2018.
Progress Rail has signed an agreement to acquire Vossloh North America’s Cleveland Track Material (CTM) business. The transaction is expected to close in early November.
KC Streetcar has announced that its new vehicle, #806, is ready for passenger service.
The KC Streetcar Authority ordered the fifth and sixth streetcars in 2017 and received the vehicles in 2019. Each streetcar cost $4.9 million.
The Association of American Railroads (AAR) has reported that U.S. rail traffic for the week ending October 26, 2019, totaled 513,147 carloads and intermodal units, an 8.8 percent decrease compared to 2018.
L.B. Foster Company reported its third quarter 2019 financial results, with sales of $154.3 million, down by 7.7 percent compared to the third quarter of 2018.
Harsco Corporation reported 2019 third quarter results, with operating income at $47 million compared to $42 million in the third quarter of last year. Adjusted operating income was $57 million compared to last year’s third quarter of $44 million.
The Port Authority of New York and New Jersey (PANYNJ) Board of Commissioners has authorized funding for improvements to its Airport network and station facilities.