OMAHA, Neb. (AP) — Union Pacific reported $6.1 billion jump in fourth-quarter profit thanks to a sweeping change in U.S. tax laws, but the profit growth was a more modest $60 million when that one-time benefit is stripped away. The Omaha, Nebraska, railroad on Thursday reported a profit of $7.28 billion, or $9.25 per share.…
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In December 2017, New York City Transit presented prototypes of the new cars. Photo – Metropolitan Transportation Authority / Patrick Cashin [Editor's note: This story was updated at 1:10 p.m. CST.]The Metropolitan Transportation Authority's (MTA) board yesterday approved a $1.4 billion contract with Kawasaki Rail Car Inc. for 535 next-generation subway cars.Known as R211 units,…
Rail-car orders in fourth-quarter 2017 totaled 8,501 units compared with 8,671 units in the third quarter and 4,866 units in fourth-quarter 2016, according to quarterly statistics released this week by the Railway Supply Institute's American Railway Car Institute Committee (ARCI).Car deliveries in Q4 2017 rose to 13,404 units from 11,015 units in Q3. Deliveries for…
Vibration analysis aims to reduce train door failures 24 Jan 2018 EUROPE: A Vibration Analysis for Remote Condition Monitoring project funded from the EU’s H2020 Fast Track to Innovation programme aims to use remote monitoring to detect potential failures of train doors and predict their remaining lifetime. The vibration analysis algorithms will be combined with…
(Adds senator calling for urgent rail safety hearing) WASHINGTON, Dec 21 (Reuters) - As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay finalizing U.S. rail safety regulations. Making American railroads safer drew renewed attention after…
OMAHA, Neb. (AP) — Norfolk Southern said the recent tax cuts added nearly $3.5 billion to its bottom line in the fourth quarter, but even without that the railroad's profits were up 17 percent. The Norfolk, Virginia-based company said Wednesday it earned $3.97 billion, or $13.79 per share. But without the changes in its tax…