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Railroad operator CSX’s quarterly profit tops Wall Street target 

CSX on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast.The No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight.Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv…

UPDATE 2-Railroad operator CSX’s quarterly profit tops Wall Street target

(Adds revenue forecast, impact of Hurricane Florence, CEO comment) Oct 16 (Reuters) - CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Shares in CSX, which forecast 2018 revenue…

CN unveils new centerbeam rail car

The centerbeams are being manufactured at National Steel's plant in Hamilton, Ontario. Photo – cn.ca CN has begun to roll out the first of its new centerbeam rail cars ordered earlier this year from National Steel Car Ltd.CN received the first of 350 new centerbeams in August. The new builds are 73-foot riserless centerbeams with…

BatteryFLEX Desiro EMU conversion proposed

BatteryFLEX Desiro EMU conversion proposed 15 Oct 2018 UK: An engineering assessment has found that there is a ‘positive case’ for fitting Siemens Desiro Class 350/2 electric multiple-units with batteries to enable off-wire operation, Porterbrook Leasing said on October 15. The company is holding discussions with battery chemistry specialists with a view to producing a…

Passenger assistance app on test

Passenger assistance app on test 11 Oct 2018 UK: A mobile app enabling passengers with disability to get assistance during their journeys is being tested by Greater Anglia, London Northwestern Railway, West Midlands Railway and South Western Railway ahead of a planned national launch next year. Developed by Transreport in collaboration with disability organisations including…

Polymer sleeper research partnership – Railway Gazette

Polymer sleeper research partnership 08 Oct 2018 AUSTRALIA: The University of Southern Queensland has formed a partnership with Austrak and Laing O’Rourke to develop and deploy fibre-reinforced polymer composite materials as an alternative to timber in sleepers and bridge transoms. The A$10m project has been backed by an A$3m grant from the government’s Co-operative Research…

Blockchain-based locomotive data analysis trial announced

Blockchain-based locomotive data analysis trial announced 05 Oct 2018 RUSSIA: Locomotive and rolling stock supplier Transmashholding has announced a partnership with blockchain developer Vostok to provide verified and distributed fleet data collection, analysis and storage.   Vostok’s private blockchain platform is to be integrated with the SmartMaintenance diagnostics and forecasting system developed for TMH by…