Monday, February 28, 2011

Railroad traffic shows continued gains for week of February 19 ...Morgan Stanley analyst William Greene wrote in a research note that “rail traffic showed strength in the latest week relative to recent weeks, ...

Berkshire Hathaway's 4Q net income up 43 percent The Associated ...By The Associated PressWarren Buffett's Berkshire Hathaway has reported a 43 percent jump in fourth- quarter profit thanks to the strong performance of BNSF railroad and a paper gain of $1.4 billion on the company's derivative contracts and investments.

Railroad project requires $44 million for bridge as part of larger expansion ... Alaska The Canadian PressThe bridge project has brought in $144 million, more than two-thirds of it from the Department of Defence and the Federal Railroad Administration. But railroad project manager Brian Lindamood said the federal dollars begin to dissolve in 2013 and 2014 ...

RailAmerica reports 4Q profit of $18MBizjournals.comThe Jacksonville-based operator of short-line railroads said its revenue increased 17 percent to $127.6 million within the same period. RailAmerica's net income per share increased to 33 cents per diluted share from a loss of 13 cents per diluted share ...

Union Pacific planning rail yard in New MexicoNewsWest9.comSusana Martinez says the deal is contingent on the Legislature eliminating New Mexico's tax on locomotive fuel. A bill supported by Martinez cleared the House Transportation and Public Works Committee in less than five minutes Thursday. ...

Regional rail line vision laid out, would start in New LondonNorwich BulletinBy ADAM BENSON A $85 million rail corridor running from New London's Union Station to Amherst, Mass., could be operational within a year, regional transit officials said Friday. If it happens, the rail line would include stops at Mohegan Sun, ...

Port of Montreal, Canadian Pacific sign pactMontreal GazetteCanadian Pacific, Canada's second-biggest railroad, has been taking a number of steps to raise efficiency and respond to critics across the country. The leader Canadian National Railway late last year signed a productivity and supply chain agreement ...

Union Pacific confirms problem with freight train that lost metal fragments ...Merced Sun-StarBy YESENIA AMARO Union Pacific officials on Thursday confirmed that a locomotive passing through Merced last week experienced a mechanical problem. On Feb. 15, a freight train was believed to have dumped several pieces of metal and shards in the area ...

Norfolk Southern headquarters earns EPA s ENERGY STAR® for ...Energy Star, Headquarters, norfolk southern Norfolk Southern: One of the USA's premiere transportation companies, shipping by freight rail and intermodal, ...

CSX rail car facility could move to Howard CountyExplore Howard CountyThe site is about 1500 feet from CSX Transportation and Marc train tracks, and Preston is currently re-zoning the area to Transit Oriented Development because of the site's close proximity to the the Maryland Area Regional Commuter system's Dorsey ...

$109 Million Tri-Rail Contract Awarded After ChallengeSunshine State NewsThe Tri-Rail commuter line -- which serves Palm Beach, Broward and Miami-Dade counties -- runs annual, multimillion-dollar deficits. The state subsidized Tri-Rail with $34.6 million last year while passenger revenues covered only $10.4 million of the ...

Railroad gives deadline for purchaseNewton CitizenShe said the price of the corridor, running through Covington and Porterdale to just outside Newborn, has gone up, although Norfolk Southern may still honor its original sale price. The price last discussed publicly was $1.8 million. ...

American Railcar Industries (ARII) Posts Large Volume Increase, Hits $19.79American Banking NewsShares of American Railcar Industries (ARII) saw unusually high trading volume on Thursday. Approximately 78507 shares changed hands during mid-day trading, an increase of 17.02% from the previous session. The stock last traded at $19.79. ...

Port Jervis rail station gets facelift starting in MarchPocono RecordShe added that the contractor, Lashay's Construction and Development, will erect a temporary shelter at the east end of the platform before the old one is torn down. Burton Thelander of Godeffroy, NY, a frequent Metro-North customer, said he welcomed ...

Wabtec Acquires Brush Traction, a UK-Based Provider of Locomotive Overhauls ...PR Newswire (press release)28, 2011 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) has acquired Brush Traction Group, a UK-based provider of locomotive overhauls, services and aftermarket components, for about $31 million. With facilities in Loughborough, England and Kilmarnock, ...

Freight train derails north of Portland, Ore.Houston ChronicleCrews are cleaning up after a freight train derailed and sideswiped another on the banks of Puget Sound, spilling a small amount of a hazardous chemical. Four of the 14 cars that derailed late Saturday were tankers that each contained 15000 gallons of ...

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