Monday, April 25, 2011

Short Line Railroads See 9 Percent Traffic Gain | Journal of CommerceShort line volume climbed 9 percent with some important cargoes growing by double digits.

Rail traffic is slightly mixed on an annual basis for week ending ...Dahlman Rose analyst Jason Seidl wrote in a research note that “macro factors and current freight industry dynamics bode well for rail intermodal traffic… ...

Rail Traffic Remains RobustSeeking AlphaAnother week, another solid set of rail data. Volumes continue to post levels that are consistent with economic recovery (via the AAR): “The Association of American Railroads (AAR) today reported steady weekly rail traffic gains with US railroads ...
Sites for proposed $150 million CSX rail and container facility still undecidedThe RepublicAP ELKRIDGE, Md. — A Maryland official says locations for a planned CSX rail and container transfer facility remain undecided, and it's not clear when a location will be selected. Two state lawmakers told a crowd in Elkridge this week that the list of ...
Excursion train plans in the New River Valley stymiedKnoxville News SentinelSome 3000 people rode the New River Scenic Railway during its inaugural season ... after a Kentucky railroad company purchased the privately owned railroad ...

Great Smoky Mountains Railroad gets NCDOT grant for upgradesAsheville Citizen-TimesThe money will be used to assist nine railroads that will directly benefit 20 counties serving 62 companies. The money is a part of a public-private partnership, with at least 50 percent coming from the short line railroad companies. ...

American Railcar to restart production at castings facility in OhioTMC NetApr 22, 2011 (Datamonitor via COMTEX) -- American Railcar Industries, Inc., or ARI, a manufacturer of hopper and tank railcars, has announced plans to restart production at its railcar castings facility in Alliance, Ohio. Ohio Castings was temporarily ...

Sperry Completes Production of 50th 950 Series Hi-Rail Detector CarPR Web (press release)Sperry Rail is excited to announce the commissioning of the 50th 950 Series Hi-Rail Detector Car in Danbury, Connecticut last week. This marks a major milestone for Sperry and this incredibly popular series of vehicles. “The popularity of the Sperry ...

GE Transportation reports strong first quarterGoErie.comA day earlier, CSX reported a 30 percent improvement in quarterly profit. According to a Wall Street Journal report, CSX has added about 1000 workers to keep up with demand for shipping cars, auto parts and crushed stone. "We expect these positive ...

Kansas City Southern's 1Q profit nearly doublesBusinessWeekRailroad operator Kansas City Southern said Thursday that its first-quarter profit nearly doubled as it hauled more automotive loads and retail goods. Overall, carload volumes were 7 percent higher than in the first quarter of 2010. ...

Long haul almost over: Scenic trains expected to reach Saratoga ...The SaratogianChicago-based Iowa-Pacific has several other tourist trains, primarily in the ... The scenic railroad's website (www.sncrr.com) is available for viewing, ...

Coos Bay Rail Link gets someone to watch over itKCBY.com 11By Tim Novotny KCBY News The Oregon International Port of Coos Bay now knows who will be running things on their rail line, with negotiations to begin soon on a contract or lease agreement for train operations and rail line maintenance. ...

Portland locomotive heritage center in final fundraising stagesOregonLive.comBy Matt Buxton, The Oregonian View full sizeHennebery Eddy Architects Inc.The planned rail heritage center would house three city-owned steam locomotives, the first time the trains would be on display for the public in decades. ...

Track in Slidell reopened after Amtrak derailmentNOLA.comBy Ellis Lucia, The Times-Picayune A day after The Crescent, an Amtrak passenger train, crashed into an 18-wheeler just off Front Street in downtown Slidell, Norfolk Southern engine 9615 rumbles past workers who have cleared the tracks and continue the ...

Canadian Pacific Profit Falls 67 Percent to $36 MillionThe Journal of Commerce OnlineThe network strain showed up in key performance measures, as average train speed shrank 13.5 percent to 19.8 mph and railcar miles traveled per day fell 7.2 percent. That tied up more cars and locomotives, adding to costs. The railroad also posted a 57 ...

GATX : Corporation Reports 2011 First Quarter Results4-traders (press release)Coupled with the sizable existing railcar investments made in the last two years, this order enables us to serve our customers with attractively priced, high quality railcars. "In Specialty, certain of our marine joint ventures continue to experience ...
Bill Gates largest shareholder in Canadian NationalGlobe and MailBill Gates owns a $3.2-billion train set, making him the largest shareholder in Canadian National Railway Co. CNR-T The Microsoft Corp. founder now controls more than 46 million CN shares, or 10.04 per cent of the Montreal-based railway. ...




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