PITTSBURGH — Wabtec’s revenue and profits increased in the fourth quarter, but the company’s stock tumbled 11% yesterday because the quarterly results and a new five-year outlook both came in below Wall Street expectations. The drop in Wabtec’s stock price was the largest in the S&P 500. Quarterly operating income increased 8.4%, to $334 million, […]
MEXICO CITY — Grupo Mexico’s transportation division — which includes Ferromex, Ferrosur, Florida East Coast Railway, and Texas Pacifico — reported lower revenue and flat net income for the fourth quarter despite a 5.5% increase in traffic volume. For the quarter, GMXT operating income declined 7.2%, to $197 million, as revenue declined 3.5%, to $763.9 […]
ROCKHILL FURNACE, Pa. — A H.K. Porter diesel acquired from the Durango & Silverton Narrow Gauge Railroad has arrived at the East Broad Top Railroad to provide backup power for EBT operations and support expansion efforts. The 80-ton, 3-foot-gauge engine was built in 1946 and operated on US Gypsum’s railroad in Plaster City, Calif., until […]
AUGUSTA, Maine — The April 2023 derailment of a CPKC train in rural Maine, which led to injuries to three crew members and a fire, was caused by a washout resulting from a beaver dam, a state agency has been told. The April 15, 2023, incident occurred when the train was traveling at about 35 […]
STEARNS, Ky. — McCreary County Heritage Foundation officials, owners of the Big South Fork Scenic Railway right-of-way, have confirmed the Jan. 28 derailment of a locomotive was the result of a runaway incident. No one was injured in the incident on the 14-mile tourist railway [see “Big South Fork Scenic locomotive derails …,” Trains News […]
SEATTLE — Sound Transit has significantly revised its announced suspension of Sounder commuter rail service this morning (Feb. 13, 2025) and is now operating some trains. In a news release sent at 6:47 a.m. PT, the agency said three S line trains would operate, departing from Lakewood, Wash., at 6:06, 6:26, and 6:46 a.m.. N […]
RONKONKOMA, N.Y. — The state of New York will spend $150 million to connect the Long Island Rail Road’s Ronkonkoma station with a proposed new terminal at Long Island MacArthur Airport, a facility served by four commercial airlines. The project, announced Wednesday, Feb. 12, by Gov. Kathy Hochul, will include purchase of 48 acres of […]
NORTH VANCOUVER, British Columbia — Canadian National Railway and short line Battle River Railway are among six recipients of a total of Ca$33.1 million for infrastructure projects under Canada’s National Trade Corridors Fund. Transport Minister Anita Anand announced the funding, for projects in British Columbia and Alberta, on Wednesday, Feb. 12, at the Richardson International […]
WASHINGTON — U.S. rail traffic was up for the week ending Feb. 8, the fifth time in six weeks of 2025 that volume has shown a gain over 2024 levels. According to statistics from the Association of American Railroads, traffic for the week was 502,449 carloads and intermodal units, a 3.7% increase over the same […]
As it has been for all 10 years the list has existed, Amtrak is among companies named as one of America’s best large employers by Forbes magazine. The list of 701 companies with more than 5,000 employees, along with an accompanying list of the 498 best midsize employers — those with 1,000 to 5,000 workers […]
I constructed my first N scale layout in a coffee table in 1976 based on the East Glasstop project railroad series that appeared in Model Railroader from December of 1970 to April of 1971. However, it was not until I retired in 2016 that I completed my second layout, a 5 x 5 foot square […]
WASHINGTON — Matthew Lane, general manager of Pinsly’s Pioneer Valley Railroad in Massachusetts, has been named Safety Person of the Year by the American Short Line and Regional Railroad Association. Lane joins Herman Crosson, Anacostia Rail Holdings’ chief safety and compliance officer, in earning the ASLRRA’s top individual safety awards. Crosson was previously announced as […]
