(Adds third-quarter details, compares with estimates) Oct 25 (Reuters) - Union Pacific Corp, the No. 1 U.S. railroad, topped quarterly Wall Street estimates for profit on Thursday, as it transported more industrial and agricultural products. A strong economy, robust freight demand and a tight trucking market in the United States have buoyed the sector, with…
Posts published in October 2018
Oct 25 (Reuters) - No. 1 U.S. railroad Union Pacific Corp reported a 33 percent rise in quarterly profit on Thursday, boosted by a rise in freight revenue. The company's net income rose to $1.59 billion, or $2.15 per share, in the third quarter ended Sept. 30, from $1.19 billion, or $1.50 per share, a…
Rail News Home Federal Legislation & Regulation 10/24/2018 Rail News: Federal Legislation & Regulation FRA's Ries receives Operation Lifesaver's Champion Award Ries is staff director of the FRA's highway-rail crossing and trespasser programs division. Photo – Operation Lifesaver Inc. Operation Lifesaver Inc. (OLI) has presented its Champion Award to the Federal Railroad Administration's (FRA) Ronald…
Eurostar deploys interactive robot at St Pancras station 24 Oct 2018 EUROPE: Eurostar passengers in the departure area of London St Pancras station can now interact with a humanoid robot to find more information about their journey. Eurostar expects this to be particularly popular with families. The Pepper robot from SoftBank Robotics was supplied by Robots…
(Adds details on union workforce, competition) Oct 23 (Reuters) - Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020. Union Pacific, which connects 23 states in the western two-thirds…
Composite train seat support saves weight 23 Oct 2018 COMPOSITE: Composites Evolution, Bercella and Element Materials Technology have completed the development and testing of a composite wall-mounted cantilever support for train seats. Using wall rather than floor-mounted supports improves access for cleaning and luggage storage, while the lightweight composite structure reduces traction energy needs and…
COTS technology cuts level crossing control system cost 22 Oct 2018 GREECE: Aktor has used commercial-off-the-shelf controllers from HIMA to automate the operation of level crossings on the mixed traffic Athens – Piraeus route . The control system provides comprehensive information on the status of the barriers using Aktor’s Artemmis monitoring system. Data from the…
Bonomi launches updated Omnia cantilever design 19 Oct 2018 The Omnia self-supported cantilever was shown at InnoTrans 2018. ITALY: Electrification specialist Gruppo Bonomi has updated its Omnia cantilever design with what it terms a ‘self-supporting’ variant suited to use in tunnels and other restricted access sites. The Omnia range of overhead line structures has been…
(Adds CEO comments on political climate) Oct 19 (Reuters - Railroad operator Kansas City Southern on Friday reported a 34 percent jump in quarterly profit even though network congestion hurt operations in Mexico, where the company has extensive services. Shares jumped 3.6 percent to $106.41 in early trading after Chief Executive Patrick Ottensmeyer said anxiety…
Rail News Home Federal Legislation & Regulation 10/18/2018 Rail News: Federal Legislation & Regulation FRA's Batory meets with PTC system suppliers Batory met with the suppliers to better understand the critical supply chain and supply industry's capacity to support the installation and testing requirements. Photo – FRA Federal Railroad Administrator Ronald Batory yesterday completed a…