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,…
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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…
(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…
(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…
(Adds Thune asking Senate to confirm Batory) 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 the…