(Adds revenue forecast, impact of Hurricane Florence, CEO comment) Oct 16 (Reuters) - CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Shares in CSX, which forecast 2018 revenue…
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The centerbeams are being manufactured at National Steel's plant in Hamilton, Ontario. Photo – cn.ca CN has begun to roll out the first of its new centerbeam rail cars ordered earlier this year from National Steel Car Ltd.CN received the first of 350 new centerbeams in August. The new builds are 73-foot riserless centerbeams with…
BatteryFLEX Desiro EMU conversion proposed 15 Oct 2018 UK: An engineering assessment has found that there is a ‘positive case’ for fitting Siemens Desiro Class 350/2 electric multiple-units with batteries to enable off-wire operation, Porterbrook Leasing said on October 15. The company is holding discussions with battery chemistry specialists with a view to producing a…
RENFE and ADIF to support Texas Central high speed service 12 Oct 2018 Central Japan Railway is among the backers of the Texas Central project, which is intended to use Shinkansen technology. USA: On October 10 high speed project promoter Texas Central announced that it had selected Spanish national operator RENFE and infrastructure manager ADIF…
Passenger assistance app on test 11 Oct 2018 UK: A mobile app enabling passengers with disability to get assistance during their journeys is being tested by Greater Anglia, London Northwestern Railway, West Midlands Railway and South Western Railway ahead of a planned national launch next year. Developed by Transreport in collaboration with disability organisations including…
Polymer sleeper research partnership 08 Oct 2018 AUSTRALIA: The University of Southern Queensland has formed a partnership with Austrak and Laing O’Rourke to develop and deploy fibre-reinforced polymer composite materials as an alternative to timber in sleepers and bridge transoms. The A$10m project has been backed by an A$3m grant from the government’s Co-operative Research…
TrainPal smartphone app offers split ticketing options 08 Oct 2018 UK: A smartphone booking app which calculates split ticketing options has been launched by Ctrip, the parent company of flight booking platform Skyscanner. The intricacies of the UK ticketing system mean it is sometimes possible for passengers to save money by booking separate tickets for…
Blockchain-based locomotive data analysis trial announced 05 Oct 2018 RUSSIA: Locomotive and rolling stock supplier Transmashholding has announced a partnership with blockchain developer Vostok to provide verified and distributed fleet data collection, analysis and storage. Vostok’s private blockchain platform is to be integrated with the SmartMaintenance diagnostics and forecasting system developed for TMH by…
CNBC's Jim Cramer flags the ways the stock market could continue its broad-based sell-off. The "Mad Money" host says the decline was "long overdue," but warns investors not to jump the gun.It's best to wait until these 10 things happen before buying, Cramer says. show chapters Cramer reveals the 10 'telltale signs' that could prolong…
