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Amtrak

Amtrak: Piedmont and Carolinian Ridership Surges

WASHINGTON – North Carolina’s Amtrak corridor trains experienced record ridership gains in and posted double-digit ticket revenue increases Fiscal Year 2008. Collectively, the North Carolina state-supported Carolinian and Piedmont services carried 361,368 passengers and brought in more than $17 million in ticket revenue. Amtrak’s long-distance trains that travel through North Carolina also saw significant growth in FY08. Nationwide, Amtrak ridership in Fiscal Year 2008 increased to 28,716,407, marking the sixth straight year of gains and setting a record for the most passengers using Amtrak trains since the National Railroad Passenger Corporation started operations in 1971. The fiscal year ended September

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Amtrak

Amtrak: Oklahoma City-Fort Worth Passenger Counts Still Soaring

OKLAHOMA CITY — Final figures for the Amtrak fiscal year show more people are opting for the Amtrak Heartland Flyer train between Oklahoma City and Fort Worth, with ridership rising by more than 18 percent to total 80,892 for the 12 months ending Sept. 30.Amtrak operates the Heartland Flyer (Trains 821 & 822) under contracts with the Oklahoma and Texas state transportation departments. These are two of the 14 states for which Amtrak operates service that supplements the national network of Amtrak trains. “We continue to be excited about the growth in ridership numbers of the Heartland Flyer,” said David

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Canadian Pacific

CP Salutes Fallen Soldiers

CALGARY — Canadian Pacific will honor employees who served Canada and the United States in war. Network-wide, all trains will safely halt at 11AM local time, observe two minutes of respect in silence and then sound a long train whistle in tribute. A Remembrance Day and Veterans Day service will also be held at CP’s headquarters in Calgary. “On this day, Canadian Pacific will recognize the contributions our employees made in times of war. On land, at sea and in the air, at home and abroad, the company, its people, its resources, its ingenuity and expertise were needed,” said Fred

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STB

STB Releases Christensen Survey

WASHINGTON — The Surface Transportation Board announced that Christensen Associates, a Madison, Wisc.-based economic consulting firm, has completed its 14-month, independent report titled “A Study of Competition in the U.S. Freight Railroad Industry and Analysis of Proposals that Might Enhance Competition.” The Study is the topic of the Board’s public meeting to be held on Nov. 6. STB officials say this study takes a comprehensive review of the underlying economics of the  railroad industry.  The Board anticipates that this analysis will be of great interest to policymakers and stakeholders involved in interstate freight commerce.

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Miscellaneous

Portec Sees 33 Percent Increase in Q3 Income

PITTSBURGH — Portec Rail Products Inc. announced record unaudited net income of $2,516,000 or $0.26 per share for the three months ending Sept. 30. That represents a 33 percent increase over third quarter 2007 net income of $1,890,000 or $0.20 per share. “Our overall sales volume for the first nine months of 2008 has surpassed last year’s sales despite a more challenging environment this year,” Richard J. Jarosinski, President and Chief Executive Officer said. “While we have experienced reduced demand for our Salient Systems’ wayside detection systems and our CI Logistics material handling products in 2008, we feel that the