Finance / Leasing

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Greenbrier beats Q2 estimates, extends car lease agreement with MUL Railcar builder Greenbrier Companies reported sales and earnings that beat estimates, and announced a new railcar lease agreement worth more than $1 billion.

alltranstek-promotes-bernabei
AllTranstek L.L.C. has promoted Allison Bernabei to Vice President of Fleet Management Services. Her appointment “will unite the fleet management group, which is comprised of three service teams in our Downers Grove, Ill., and Houston, Tex. locations, creating a cohesive...
approval-for-greenbrier-astar-europe-merger
European antitrust regulators have approved a merger creating an all-in-one freight car business between The Greenbrier Companies and Germany’s Astra Rail Management GmbH. The companies said the transaction creating Greenbrier-Astra Rail will be completed on June 1, 2017 and combines the...
board-nominations-sought-for-league-of-railway-industry-women
The League of Railway Industry Women is seeking nominations for four Board of Directors positions. The posts are Scholarship Chair, Membership Chair, Awards Chair and Director. The terms of these three-year positions will begin in fall 2017.  "We are very excited to...
sagar-schmidt-promoted-at-aecom
Infrastructure firm AECOM announced that Navin Sagar has been appointed vice president and national director transit systems of the firm’s transit systems practice in North America. Also, Jon Schmidt has been promoted to the transit systems deputy practice leader, working with...
streetcars-return-to-detroit
Streetcars returned to Woodward Avenue in Detroit for the first time in 61 years with the May 12 inauguration of the 3.3-mile Q Line from Larned Street to West Grand Boulevard. The $140-million project is claimed to be the first public-private...

metrolinkx-orders-61-more-alstom-cars
Alstom and Metrolinx of Canada announced a C$529-million ($388-million) order for 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area. The contract includes an option for additional vehicles, Alstom said. ”We are proud to continue our collaboration with...
opinion-tax-reform-would-benefit-railroads-customers-and-the-economy
With Washington lawmakers setting spending levels through September, elected leaders are now turning to healthcare and tax legislation. Congress will reportedly work on a tax plan in concert with the White House, likely incorporating elements of the Trump administration’s recently...
cp-to-buy-back-3-of-shares
Canadian Pacific Railway Ltd. announced a new round of stock repurchases, and will also hike its dividend payout by double digits. The Calgary-based company said the normal course issuer bid (NCIB) for cancellation of 4,384,062 shares, or 3% of its as...
coal-better-in-bnsf-q1
Coal shipments and revenue helped lead BNSF earnings higher in the first quarter from a year ago. Coal carloads increased to 475,000 in the quarter ended March 31, up from 401,000 carloads in the same quarter of 2016. The Omaha-based company in...
railcarrx-offers-ttx-repair-billing-solution
RailcarRx announced that its Repair Shop Management System now supports the TTX SEI billing format, to assist repair shops in performing billing on TTX pooled equipment. TTX, North America’s leading railcar pooling company, has unique billing requirements for railcar repair billing,...

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