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Finance / Leasing
VTG expands U.S. railcar fleet
Hamburg, Germany-based VTG Aktiengesellschaft (VTG), a railcar leasing and rail logistics company, said Tuesday, Dec. 10, 2013 it has expanded its U.S. railcar fleet.
Oregon scuttles CRC bridge plans
Oregon's Department of Transportation announced Friday, March 7, 2014, that it will abandon planning efforts for the controversial Columbia River Crossing project, citing the Oregon state legislature decision not to fund the infrastructure, which was to include a new Interstate...
REF 2014: What’s moving in what, and why
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay for moving stuff and, more important, what you move all...
BNSF cites good 4Q, full-year results
BNSF has reported operating income for the fourth quarter of 2013 of $1.88 billion, up 15% from $164 billion in income in the fourth quarter of 2012. Income for the full year of 2013 was $6.67 billion, up 11% from...
Greenbrier cites 2Q tally of 5,600 railcars
The Greenbrier Cos., Inc. said Monday, March 3, 2014 it has received "new orders in the second fiscal quarter ended February 28, 2014 for 5,600 railcar units valued at approximately $460 million." The orders include a recent award for 1,200 intermodal...
RR Mergers sets sale of signal subsidiary
St. Louis-based RR Mergers & Acquisitions on Thursday, Feb. 27, 2014, said it has sold J&A Industries to B & B Roadway and Security Solutions. Kansas City, Kan.-based J&A Industries is a manufacturer of signal equipment to major railroad industry leaders,...
President proposes infrastructure package
President Obama on Wednesday, Feb. 26, 2014, called for a four-year, $302 billion investment in U.S. infrastructure, primarily targeting repair and rehabilitation of existing assets. A fact sheet released earlier in the day by the Obama Administration suggested that the plan would...
Fed funds boost LA LRT Regional Connector
Los Angeles County Metropolitan Transportation Authority (LACMTA) officials and other transport personnel welcomed a $670 million federal grant aiding a Downtown Regional Connector, scheduled to open in 2020. The 1.9-mile connector will unite Metro Blue, Gold, and Expo light rail transit...
ARI: Record earnings in 2013
St. Charles, Mo.-based American Railcar Industries says it recorded record earnings for the full year of 2013, and a 3% rise in consolidated earnings during the fourth quarter compared with a year ago. ARI's fourth-quarter net earnings for the fourth quarter...
Trinity Industries 4Q beats Street
Dallas-based Trinity Industries late Wednesday, Feb. 19, 2014, reported fourth-quarter net income of $112.8 million, or $1.44 per share, up from $71.3 million, or 90 cents a share, in the comparable quarter of 2012. That beat Wall Street analyst consensus...
Wabtec cites record 4Q earnings, good year
Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million, up from $64.8 million in the fourth quarter of 2012. The...
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