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Daily Headlines
RailAmerica reports third quarter 2012 results
(Source: RailAmerica press release, November 5, 2012) BOCA RATON, Fla. — Short line railroad operation RailAmerica reported third quarter 2012 financial results on November 5, 2012. Third quarter highlights: • Revenue increased 11% versus third quarter 2011. •...
Genesee & Wyoming reports results for third quarter 2012
(Source: Genesee & Wyoming press release, November 5, 2012) GREENWICH, Conn. — Short line railroad operator Genesee & Wyoming reported third quarter 2012 results on November 5, 2012) Third quarter highlights: • Adjusted diluted earnings per share of $0.74 (adjusted...
GE expects Forth Worth locomotive plan to get rolling in January
(Source: Forth Worth Star-Telegram, November 2, 2012) FORT WORTH, Texas — General Electric plans to begin producing locomotives at its new north Fort Worth plant in January, the company's top local executive said Friday. And GE is still looking to hire manufacturing...
Evacuation order lifted; Ky. residents begin returning home after derailment
LOUISVILLE, Ky. — People began trickling back to their homes in West Point on Sunday night — four days after they were ordered to leave after a chemical explosion and fire at a train derailment in nearby southwest Louisville. Full story: Louisville Courier-Journal
Berkshire earnings ride on market, BNSF
(Source: Bloomberg News, November 2, 2012) LINCOLN, Neb. — Warren Buffett's Berkshire Hathaway Inc. said profit climbed 72 percent in the third quarter as a stock market rally helped improve results in the derivatives book and earnings at BNSF Railway climbed....
Analysis: Crude-by-rail carves out long-term North American niche
(Source: Reuters, November 4, 2012) VANCOUVER, B.C. — In this era of pipelines spanning thousands of miles, the idea of shipping crude across North America in railway cars might seem a quaint throwback to the oil pioneering days of the West. Yet it's a booming...
Tracks from Rensselaer to New York City rebuilt, but service still a question
(Source: Albany Times-Union, November 3, 2012) ALBANY, N.Y. — The tracks from Rensselaer to Manhattan are open, but so far there's no word on when Amtrak might resume service. Full story: Albany Times-Union
Amtrak says Acela Express, Northeast Regional service to operate Monday with reduced frequency
(Source: Associated Press, November 4, 2012) WASHINGTON, D.C. — Amtrak says Acela Express and Northeast Regional service will operate with reduced frequency on Monday between Washington, New York and Boston. Full story: Washington Post
NJ Transit to resume service on 4 more train lines
(Source: The Star-Ledger, November 3, 2012) NEWARK, N.J. — On Sunday, NJ Transit plans to resume trips on the North Jersey Coast Line between Woodbridge and New York, the Raritan Valley Line between Raritan and Newark Penn Station and the Atlantic City Line between...
New Jersey Transit’s damaged rail cars won’t be easy to replace
(Source: Bloomberg News, November 5, 2012) NEWARK, N.J. — On top of having to fix damaged tracks and an operations center ruined by floodwaters, New Jersey Transit’s biggest obstacle to restoring full service for 276,000 daily rail commuters may be finding cars and...
