Wabtec’s earnings and outlook disappoint Wall Street

Unpainted locomotive with others visible in background

PITTSBURGH — Wabtec’s revenue and profits increased in the fourth quarter, but the company’s stock tumbled 11% yesterday because the quarterly results and a new five-year outlook both came in below Wall Street expectations. The drop in Wabtec’s stock price was the largest in the S&P 500. Quarterly operating income increased 8.4%, to $334 million, […]

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Beaver dam caused 2023 CPKC derailment in Maine

View of damaged track and derailed train

AUGUSTA, Maine — The April 2023 derailment of a CPKC train in rural Maine, which led to injuries to three crew members and a fire, was caused by a washout resulting from a beaver dam, a state agency has been told. The April 15, 2023, incident occurred when the train was traveling at about 35 […]

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Six rail projects receive funding from Canadian government

Blue and yellow locomotives

NORTH VANCOUVER, British Columbia — Canadian National Railway and short line Battle River Railway are among six recipients of a total of Ca$33.1 million for infrastructure projects under Canada’s National Trade Corridors Fund. Transport Minister Anita Anand announced the funding, for projects in British Columbia and Alberta, on Wednesday, Feb. 12, at the Richardson International […]

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Amtrak again makes Forbes list of best large employers

Passenger train passing fall foliage

As it has been for all 10 years the list has existed, Amtrak is among companies named as one of America’s best large employers by Forbes magazine. The list of 701 companies with more than 5,000 employees, along with an accompanying list of the 498 best midsize employers — those with 1,000 to 5,000 workers […]

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A foray into N scale mini-layouts

A pair of locomotives on a model railroad layout

I constructed my first N scale layout in a coffee table in 1976 based on the East Glasstop project railroad series that appeared in Model Railroader from December of 1970 to April of 1971. However, it was not until I retired in 2016 that I completed my second layout, a 5 x 5 foot square […]

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