Finance / Leasing

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Bombardier makes fiscal, personnel moves Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status.

gw-concludes-freightliner-acquisition
Genesee & Wyoming Inc. on March 25, 2015 completed the acquisition of approximately 94% of Britain’s Freightliner Group Ltd. for approximately US$733 million (at current exchange rates), plus the assumption of approximately US$29 million (at current exchange rates) of...
senators-introduce-45g-tax-credit-measure
Eight U.S. Senators this week introduced the Short Line Railroad Rehabilitation and Investment Act of 2015, designed to extend Section 45G (26 USC 45G) short line track maintenance tax credits that expired in 2014, the American Short Line and Regional...
transnet-financing-aids-big-locomotive-buy
South Africa's Transnet said Monday, March 2, 2015 it has concluded financing to acquire 1,064 locomotives, estimated to cost $4.3 billion, for its Transnet Freight Rail subsidiary, which were ordered from four suppliers one year ago. CSR Zhuzhou Electric Locomotive, China,...
galveston-to-reboot-diesel-streetcar
Galveston, Tex.'s City Council, in a 6-to-1 vote Thursday, Feb. 26, 2015, approved proceeding to re-establish the citys 6.8-mile diesel trolley car operation, which was discontinued in 2008. Galveston plans to use Federal Emergency Management Agency (FEMA) funds, insurance proceeds, and...
orlando-sunrail-expansion-faces-delay
SunRail regional ("commuter") train service expansions south of the current system into Florida's Osceola County, and north to DeLand, face potential delays of at least six months, Florida's Department of Transportation says. Delays in securing $126 million in federal funding assistance...

orlando-sunrail-expansion-faces-delay
SunRail regional ("commuter") train service expansions south of the current system into Florida's Osceola County, and north to DeLand, face potential delays of at least six months, Florida's Department of Transportation says. Delays in securing $126 million in federal funding assistance...
genesee-wyoming-to-acquire-freightliner
Darien, Conn.-based Genesee  & Wyoming announced Tuesday, Feb. 24, 2015, that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $755 million in cash. G&W will assume around £8.5 million in net debt...
omnitrax-acquires-illinois-short-line
OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City. Peru Industrial Railroad will run freight service on three miles of track starting immediately, OmniTRAX said. Local...
bombardier-makes-fiscal-personnel-moves
Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status. The move...
ari-4q-earnings-disappoint-street
St. Charles. Mo.-based American Railcar Industries Inc. reported fourth-quarter net income of $22.7 million, or $1.06 per share, late Wednesday, Feb. 18, 2015, after the closing bell on Wall Street. Net income was up 3% from the comparable quarter in...