Finance / Leasing

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FINANCIAL EDGE March 2017: He sure plays a mean game of Railroad When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not Harrison’s first transcontinental endeavor.

cn-plans-to-buy-back-shares
CN announced plans to repurchase up to 1.8 million of its common shares of stock as part of a repurchase program. The railroad in a statement said the purchase will form part of the Normal Course Issuer Bid for up to...
matt-elkott-increased-interest-in-lease-fleets-improved-frac-sand-outlook-favorable-to-ari
Cowen and Company analyst Matt Elkott has upgraded American Railcar Industries (ARI) to Outperform from Market Perform, “as earnings and fundamentals have not only remained stable but improved further on the frac sand front. Our confidence in our above-consensus estimates...
first-locomotive-rebuild-for-motive-power-resources
Motive Power Resources announced that it has completed its first locomotive overhaul at its new heavy overhaul and repair facility in Minooka, Ill. The rebuilt EMD SD38, upgraded with a ZTR Nexus system, rebuilt mechanicals and other upgrades, was shipped to...
cagtc-urges-commitment-to-tiger-project-funding
The Coalition for America’s Gateways and Trade Corridors (CAGTC) called on President Donald Trump and Congress to fund the Department of Transportation’s Transportation Investments Generating Economic Recovery program, or TIGER, in Fiscal Year 2018. The program was eliminated under the administration’s...
ge-signs-smart-loco-deal-with-db-cargo
Europe’s largest rail freight carrier, DB Cargo, and GE Transportation have signed an agreement to digitize 250 locomotives across Germany, the United Kingdom, France and Poland over the next five years. The deal is GE Transportation’s first European digital contract and...

he-sure-plays-a-mean-game-of-railroad
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not Harrison’s first transcontinental endeavor. Both before and during his public spat...
ge-unveils-indian-railways-design-scheme
This week GE Transportation unveiled the final design for the 700 3.36MW and 300 4.47MW locomotives it is delivering to Indian Railways. The unveiling coincides with the Hindu festival of Holi and GE says that the bright shades used on the...
fla-dot-rail-projects-budget-heads-to-capitol
The Florida Transportation Commission approved the state Department of Transportation’s project plan, including freight and passenger rail, through fiscal 2022. Spending for the tentative plan totals $45.6 billion, and increase of $4.4 billion from the previous plan, covering 6,836 projects. The FTC...
record-turnout-for-railroad-day-in-washington
WASHINGTON, D.C. – A record number of railroaders, suppliers, and customers on March 2 converged on the Capitol for the annual lobbying event known as Railroad Day to meet Congressional representatives and help them identify legislative strategies to grow opportunities...
rod-case-at-ref-2017-try-to-do-more-than-just-run-good-trains
Oliver Wyman Partner Rodney Case delivered a thought-provoking address March 6 at Rail Equipment Finance 2017 on the future of North America’s rail industry. Case said that the railroads must try to turn cars faster. Improving cycle times is critical. Railroads...

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