Finance / Leasing

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CP notches record 4Q income, operating ratio Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the railroad's record low operating ratio of 59.8%.

kcs-logs-record-4q-and-full-year-revenue
Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street analyst expectations. KCS reported fourth-quarter net income of $142 million, or...
2015-passenger-rail-outlook
States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve. The numbers keep growing. North American rail passenger systems keep multiplying. Their sizes increase. Their fleet numbers keep increasing....
cold-train-owner-sued-for-loan-default
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail Logistics and Cold Train. The lawsuit by Ferris seeks to recover...
honolulu-project-faces-short-term-fiscal-shortfall
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction. A Memorandum of Understanding (MOU) with HART would put the city at the...
indiana-confronts-hoosier-state-crisis
Thwarted in its effort last year to employ a private contractor to handle large operation of Amtrak's Hoosier State, Indiana officials now are scrambling to secure state funding to ensure continued operation of the service, linking Chicago and Indianapolis four...

honolulu-project-faces-short-term-fiscal-shortfall
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction. A Memorandum of Understanding (MOU) with HART would put the city at the...
indiana-confronts-hoosier-state-crisis
Thwarted in its effort last year to employ a private contractor to handle large operation of Amtrak's Hoosier State, Indiana officials now are scrambling to secure state funding to ensure continued operation of the service, linking Chicago and Indianapolis four...
new-orleans-mulls-public-belt-railroad-sale
New Orleans Mayor Mitch Landrieu is requesting commissioners of the New Orleans Public Belt Railroad, a city-owned property, to consider putting the railroad up for sale to a private-sector operator. One potential buyer already has voiced interest, according to the New...
csx-posts-record-4q-full-year-results
CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42 cents per share, in the fourth quarter of 2013, and...
appalachian-railcar-services-makes-buy
Eleanor, W. Va.-based Appalachian Railcar Services (ARS) on Friday, Jan. 9, 2015, said it has acquired BRC Rail Car Services of Lynchburg Va. BRC will operate under a new division, Appalachian Tank Car, which was established for this acquisition, ARS said. The...