OMAHA, Neb. (AP) — Union Pacific Corp. hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better if not for some operational challenges. The Omaha, Nebraska-based company said Thursday it earned $1.51 billion net income, or $1.98 per share. That's up from $1.17…
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(Adds CEO comments, details, updates stock price) July 19 (Reuters) - No. 1 U.S. railroad Union Pacific Corp's second-quarter profit and revenue beat estimates on Thursday but costs related to a tunnel collapse that wreaked havoc on its Northwest service offset much of the gain from sharply lower U.S. taxes, sending shares down more than…
The news comes after the railroad received just one response to its initial request for new bi-level gallery cars. Photo – Metra Metra plans to reissue its request for proposals (RFP) for new rail cars and open it up to alternative car designs.The railroad opted to reissue the RFP after receiving only one response to…
Israel Railways to build cyber security 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…
(Compares with estimates, adds details on result) July 18 (Reuters) - Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit on Wednesday as Canada's no.2 railroad operator was helped by higher shipments of commodities like grains and potash. CP said total carloads, the amount of freight loaded into freight cars during a specified period, rose…
Upgraded capacity indicators for road-rail vehicles 18 Jul 2018 ROAD-RAIL: Pro Rail Services has taken delivery of four Doosan DX140 Parallel offset road-rail excavators fitted with the latest version of GKD’s 3RCi+ capacity indicator. The indicators include slew and height limits with ‘virtual walls’. There is selective intelligent hydraulic motion cut of any boom or…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation Transport Canada announces clean-rail research grant awards The Canadian government last week announced grant funding for 10 projects under the Clean Rail Academic Grant Program.Under the program's fifth round of funding, the 10 projects will each receive a grant of up…
Rail News Home Federal Legislation & Regulation 7/16/2018 Rail News: Federal Legislation & Regulation FRA hosts PTC symposium on interoperability issues Ronald Batory Photo – Federal Railroad Administration The Federal Railroad Administration (FRA) today is holding the second of three symposiums for the 41 railroads required to implement positive train control (PTC) systems.Attending the symposium…
Rail News Home Federal Legislation & Regulation 7/17/2018 Rail News: Federal Legislation & Regulation FTA unveils FY2018 apportionments document Yesterday, the Federal Transit Administration (FTA) published a notice in the Federal Register about its fiscal-year 2018 apportionments, which include policies, procedures, streamlining activities, authorized funding levels, program details and funding availability.The notice details $13.4 billion…
OMAHA, Neb. (AP) — CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations. The Jacksonville, Florida-based company said Tuesday that it earned $877 million, or $1.01 per share in the quarter. That's up significantly from last year's $510 million, or 55 cents…