(Adds details on earnings) July 24 (Reuters) - Canadian National Railway reported a 27 percent jump in quarterly profit on Tuesday as the railroad moved higher volumes of commodities including grains and fertilizers. Total carloads, the amount of freight loaded into cars during a specified period, rose 5.8 percent, while rail freight revenue per carload…
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(Adds analysts' estimates, outlook, shares) July 24 (Reuters) - Canadian National Railway on Tuesday reported a better-than-expected quarterly profit and raised its forecast for full-year adjusted earnings as the railroad moved higher volumes of commodities including grains and fertilizers. The company said it now expected adjusted earnings of C$5.30 to C$5.45 per share, compared with…
Rail News Home Federal Legislation & Regulation 7/23/2018 Rail News: Federal Legislation & Regulation Court ruling allows Amtrak, FRA to set on-time standards A federal appeals court ruled last week that Amtrak and the Federal Railroad Administration (FRA) should be allowed to set their own standards for measuring on-time performance of passenger-rail service.The 2-1 ruling…
Rail News Home Federal Legislation & Regulation 7/23/2018 Rail News: Federal Legislation & Regulation Feds OK next phase of testing on RTD's G Line The line was originally slated to open for passenger service in fall 2016. Photo – Denver RTD Denver's Regional Transportation District (RTD) has received approval from the Federal Railroad Administration (FRA)…
FliteTrak expands onboard monitoring capabilities 24 Jul 2018 MONITORING: FliteTrak has launched the next generation of its ViatorRail intelligent remote monitoring system, which is being used by a UK passenger operator to assess engine temperatures and performance and see train movements in real time. The latest upgrade adds the capability to monitor vibration, shock, voltage,…
Hydrogen engine research grant 23 Jul 2018 CANADA: The federal government’s Clean Rail Academic Grant Programme is providing C$25 000 for the University of Windsor’s Hydrogen Enabled Low-Emissions & Fuel Efficient Diesel Engine Combustion Technology for Clean Locomotives project, which aims to develop an experimental diesel engine capable of running on blends of hydrogen and diesel. The…
(Adds context on Mexico trade) July 20 (Reuters) - Kansas City Southern, a regional U.S. railroad operator with extensive operations in Mexico, topped Wall Street estimates for quarterly profit on Friday, as it transported higher volumes of petroleum, cars and chemicals. Shares gained 1.1 percent to $109.67 in afternoon trading, even after the company lowered…
CAF USA Inc. is building 24 low-floor light-rail vehicles for the MBTA's Green Line. Photo – MBTA Massachusetts Gov. Charlie Baker and local officials earlier this week unveiled a new rail car that will operate on the Massachusetts Bay Transportation Authority's (MBTA) Green Line light-rail route.Starting in September, the new cars will be put into…
CAF selected to develop Spanish test track 20 Jul 2018 SPAIN: The ADIF Board of Directors has approved the award of a concession for CAF to develop and operate a railway test centre at Corella, 92 km from Pamplona in the Navarra region. The site is around 100 km from CAF’s existing research and testing facilities at…
Israel Railways to build cybersecurity centre 19 Jul 2018 ISRAEL: National operator Israel Railways has awarded government-owned Rafael Advanced Defense Systems a US$8·2m contract for the development of a Cyber Security Operation Centre. This is intended to provide ISR with improved monitoring and control capabilities, and better protection against attempts to penetrate and attack its…