General Information
G&W posts operating revenue, income growth in Q2
(Source: Progressive Railroading 07/30/2018) Genesee & Wyoming Inc. (G&W) reported second-quarter 2018 operating revenue rose 10 percent to $595 million from $540.4 million and operating income increased 3.4 percent to $103.1 million compared with the same quarter a year ago. The company’s reported diluted earnings per share (EPS) fell 1.4 percent to 0.73 cents per…
Read MoreReport: Short lines add $6.5 billion to U.S. economy
(Source: Railway Age, July 27, 2018) NEW YORK — An industry economic impact report found short line railroads provide $6.5 billion in added value to the U.S. economy – aided by the positive impact of the Short Line Tax Credit. The report, which was prepared by PricewaterhouseCoopers LLP and released by the American Short Line…
Read MoreRR decals: Low-cost life savers?
(Source: Coeur d’Alene Press 07/26/2018) July 26, 2018 at 5:00 am | By BRIAN WALKER Staff Writer POST FALLS — Travis Campbell wasn’t thrilled when he saw a young driver looking at his cellphone while listening to music. But concern turned to elation when Campbell watched the young man stop in his tracks to heed…
Read MoreMicrosoft, Oregon and B.C. kick in $750,000 for new study of high-speed rail in Pacific Northwest
(Source: Geek Wire, July 26, 2018) SEATTLE, Wash. — The effort to build a high-speed rail connecting Portland, Seattle, and Vancouver, B.C. just got a fresh cash infusion. Microsoft, the Province of British Columbia, and the Oregon Department of Transportation are putting $750,000 in new funding toward a deeper study of the business opportunity the…
Read MoreBLET members lobby Congress over safety, Tex Mex jobs issue
INDEPENDENCE, Ohio, July 25 — BLET Legislative Representatives visited 150 Congressional offices in Washington, D.C. on July 13 as part of a major railroad safety lobbying effort and to make members of Congress aware of the union’s struggle to preserve the jobs of BLET members who work for the Texas Mexican Railway (Tex Mex). On…
Read More