(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…
Posts published in “Day: January 24, 2018”
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…
(Adds revenue, CEO comment) Jan 24 (Reuters) - Norfolk Southern Corp, the fourth-largest U.S. railroad by revenue, reported on Wednesday an adjusted fourth-quarter profit that beat Wall Street's estimates on growth in commodity volumes. The Norfolk, Virginia-based carrier also benefited mightily from the new tax law, posting quarterly net income of $3.97 billion, or $13.79…
Rendering of a prototype for a new subway car Photo – New York Gov. Andrew Cuomo's office The Metropolitan Transportation Authority (MTA) is slated to sign a $3.7 billion contract with Kawasaki for 1,612 new subway cars, The New York Times reported late last week.The agency has committed $1.45 billion for more than 500 cars…