Finance / Leasing

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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.

mitsui-rail-capital-promotes-penovich-gerber
Mitsui Rail Capital, LLC (MRC) has promoted Daniel Penovich to President and Chris Gerber to Vice President of Sales and Marketing. Both MRC executives have extensive experience with MRC as well in the railroad and railroad leasing business. Penovich joined MRC...
two-thirds-of-research-triangle-in-on-lrt
Light rail transit plans got the backing of officials in Durham and Orange counties, N.C., on Wednesday, Aug. 13, 2014, setting the stage for a concerted effort to secure federal funding for a regional LRT system covering the central core...
county-authority-to-oversee-santa-ana-streetcar-effort
The fate of Santa Ana, Calif.'s proposed streetcar project may rest with the Orange County Transportation Authority (OCTA), which may assume responsibility for the effort as early as Monday, Aug. 11, 2014. Last week the Santa Ana City Council unanimously backed...
streetcars-belong-yes-still-on-the-street
More than two years ago, this rail advocate held to the belief that "Streetcars belong. Even on the street." I maintain this belief now more than ever, in the face of a rising tide of streetcar critics intent on scuttling...
good-2q-for-bnsf
BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013. Second-quarter revenue rose 8% to $5.73 billion from $5.32 billion in the year-ago...

mta-second-avenue-subway-second-phase-please
Signaling a commitment to continued subway expansion, Metropolitan Transportation Authority CEO and Chairman Thomas Prendergast has requested funding for Phase 2 of New York City Transit's Second Avenue Subway, long a dream of city planners. The move, first reported by the...
good-2q-for-bnsf
BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013. Second-quarter revenue rose 8% to $5.73 billion from $5.32 billion in the year-ago...
tanks-hoppers-drive-ari-record-2q-2014-financials
Based largely on an increase in demand for its tank cars and hopper cars, American Railcar Industries, Inc. (ARI) on July 30, 2014 reported record earnings and revenues for second-quarter 2014. During the quarter, we received orders for 3,070 railcars, resulting in...
trinity-posts-impressive-2q-2014-financials
Riding high on a record backlog of freight car orders, Trinity Industries reported second-quarter earnings per common diluted share of $1.01—a 94% increase year-over-year—and quarterly revenue and net income of $1.5 billion and $164.2 million, respectively—year-over-year increases of 39% and...
new-york-mta-facing--billion-capital-shortfall
The New York Metropolitan Transportation Authority, which accounts for approximately 25% of all rail transit spending in the U.S., is staring at a potential $12 billion shortfall in its proposed 2014-2019 capital plan, according to New York State Controller Thomas...