Bombardier stock drops on lowered earning forecast NEWSWIRE

Bombardier

MONTREAL — Bombardier Inc. reported a quarterly loss and lowered its earnings forecast for the year in a conference call with Wall Street analysts on Thursday. In reaction, the company’s stocks declined by 18% on the Canadian market, Reuters reports. President and CEO Alain Bellemare said the company would spend an additional $250 million to […]

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Canadian Pacific joins blockchain group NEWSWIRE

CPLOGO

CALGARY — Canadian Pacific has joined the Blockchain in Transportation Alliance, which seeks to establish blockchain standards for interoperability in the global supply chain. Blockchain uses cryptography to create secure movement of shipping messages, documents and other data, and to ensure transactions are secure, authenticated, and verifiable. “We are excited to be on this journey,” […]

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G&W to sell stake in Australian operations as it goes private

Genesee & Wyoming logo

TORONTO — Genesee & Wyoming is pulling out of Australia. The short line holding company is selling its 51% stake in its Australia operations, which serves New South Wales, the Northern Territory, and South Australia, including the 1,400-mile Tarcoola to Darwin rail line. The move comes as G&W is being taken private in an $8.4-billion […]

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How two organizations will boost West Virginia’s Autumn Colors Express NEWSWIRE

HUNTINGTON, W.Va. — As news propagated social media Thursday announcing that West Virginia’s New River excursions would continue under new management, social media inquisitively questioned the involvement of two prominent steam-focused out-of-state nonprofits. Rail Excursion Management Co., revealed Thursday it had reached an agreement with Amtrak to continue the New River excursions this fall under […]

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Ontario government may sell naming rights to GO Transit stations NEWSWIRE

GOLogo

TORONTO — The government of Ontario is exploring the possibility of selling naming rights to stations, parking lots, and even restrooms on the GO Transit system to increase income for Metrolinx, the province’s transit operator. Globalnews.ca reports that Transportation Minister Carolina Mulroney announced the concept Thursday, saying it could help keep fares low. Government estimates […]

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Trinity Industries releases new ‘hourglass’ autorack car NEWSWIRE

PhotofromTrinityRail

Hourglass autorack car from Trinity Industries Trinity Industries DALLAS — Trinity Industries has developed an auto rack it says is designed for safer and more efficient loading. Trinity, which is involved in the manufacturing, leasing, and maintaining of railcars, introduced the car earlier this year, according to CEO Tim Wallace. While Wallace says the move […]

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