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News July 30, 2015
Wabtec Plans to Acquire Faiveley Transport
Wabtec Corporation plans to acquire, for approximately $1.8 billion including assumed debt, Faiveley Transport S.A., a provider of integrated systems and services for the railway industry. Read more
GATX Reports Second Quarter Results
GATX Corporation has reported a net income of $45.4 million, or $1.03 per diluted share, for the 2015 second quarter, compared to last year’s second quarter net income of $53.1 million or $1.15 per diluted share. Read more
Hanson Names Durden VP & Senior Railway Principal
The engineering firm of Hanson Professional Services Inc. has named Chris K. Durden, a former CSX executive, as vice president and senior railway principal. Read more
Railroads Must Continue Notifying States of Crude Oil Train Movement
Railroads transporting crude oil have been alerted by the Federal Railroad Administration (FRA) that they must continue to notify State Emergency Response Commissions (SERCs) and Tribal Emergency Response Commissions (TERCs) of the expected movement of Bakken crude oil trains through their areas. Read more
UP Earnings Decline in Second Quarter
Union Pacific (UP) has reported its 2015 second quarter financial results with net income totaling $1.2 billion, or $1.38 per diluted share, compared to the 2014 second quarter’s $1.3 billion net income, or $1.43 per diluted share. Read more
NS Second Quarter Net Income Decreases
Norfolk Southern Corporation has reported $433 million in net income for the second quarter of 2015, down 23 percent compared to last year’s second quarter net income of $562 million. Read more
CBTC to Be Installed on NY Subway Line
New York City’s Metropolitan Transportation Authority (MTA) has given preliminary approval to two contracts, worth a total of $205.8 million, for Siemens Industry Inc. and Thales Transport & Security to install a communications-based train control (CBTC) signaling system on the Queens Boulevard Line. Read more
Seattle Area’s Light Rail Extension Project Moves Forward
The Board of Directors of Sound Transit, Washington State’s Central Puget Sound Regional Transit Authority, has chosen the preferred alternative for a light rail extension to Kent/Des Moines and Federal Way. Read more
SEPTA Sees Record Ridership
The Southeastern Pennsylvania Transportation Authority (SEPTA) has reported a record 37.4 million trips on Regional Rail in Fiscal Year (FY) 2015, an increase of more than 2 percent compared to FY 2014. Read more
Just Published
The Third Quarter 2015 edition of The Official Railway Guide (Vol. 148, No. 3) will be shipped soon to subscribers in print and digital formats. Highlights of the latest issue include:
  • Port, Intermodal, and Warehouse Connections, exclusive to this issue.
  • Extensive updates on many of the 30 regional railroad maps.
  • New listings for Hainesport Secondary LLC, Elizabethtown Industrial Railroad, Geaux Geaux Railroad, Lubbock & Western Railway, and Texas New Mexico Railway.
  • Updated contacts at numerous Class I, II and III freight railroads, rail industry associations, and agencies and commissions.

For over a century, The Official Railway Guide has been the most-trusted source for Class I and short line sales & marketing information and maps. To view sample pages from the current issue please click here. Subscribe NOW.
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