As part of a joint venture, RailWorks Corp. will construct a 14.5-mile double track from Southwest Station in Eden Prairie, Minnesota, to Target Field Station in Minneapolis. The portion of Metro Transit's Southwest light-rail project includes more than 110,500 track feet of ballasted track, direct fixation work on the structure and in a tunnel, and embedded and special trackwork. In addition, RailWorks and its joint venture partner will inspect and maintain a 5-mile section of Twin Cities & Western Railroad’s track that lies adjacent to the new light-rail tracks. RailWorks' portion of the contract is $85 million. Work on the existing freight-rail track will begin this spring and construction on the new light-rail tracks will start in 2020, RailWorks officials said in a press release. The project is slated for completion in 2022.
Trinity Industries Inc. reported first-quarter 2019 revenue of $604.8 million and net income from continuing operations of $31.7 million compared with $533.2 million and $13.8 million, respectively, in first-quarter 2018. The rail products group's revenue rose from $588.1 million to $603.6 million on a year-over-year basis. In the quarter, the group received orders for 3,000 rail cars and delivered 4,505 cars compared with orders for 4,705 cars and deliveries of 5,725 cars in the same quarter last year. The group's car backlog decreased in value to $3.3 billion (26,320 cars) as of March 31 versus $3.6 billion (30,875 cars) on Dec. 31, 2018.
Copyright
© © TradePress Media Group, Inc.