Finance / Leasing

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AIG expands liability limits to $1 billion American International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.

ex-im-bank-financing-ge-locomotives-for-indonesia
Export-Import Bank of the U.S. (Ex-Im Bank) Chairman and President Fred P. Hochberg, GE Transportation President and CEO Russell Stokes, and Indonesia's PT Kereta Api (PTKAI) of Jakarta President and CEO Ignasius Jonan have signed a credit agreement totaling $94.3...
smart-cfo-project-fiscally-sound
Sonoma-Marin Area Rail Transit (SMART) service "is two years away from the start of passenger service between the Sonoma County Airport and downtown San Rafael" in northern California, and the project "is on solid financial footing," according to SMART Chief...
seattle-monorail-plan-passé-newspaper-says
Amidst Seattle's aggressive expansion of light rail transit and streetcar lines, some have insisted on revitalizing monorail transportation, which appeared in the city during its 1962 World's Fair. But on Sunday, Oct. 5, 2014, a Seattle Times editorial declared, "Expansion of...
mta-five-year-capital-plan-on-hold
New York's Metropolitan Transportation Authority (MTA) has been told to go back to its proposed $32 billion five-year capital program and, in essence, perform a do-over. A five-member Capital Program Review Board formally rejected the plan, identifying capital needs for MTA's...
bombardier-renews-njt-riverline-operations-contract
Bombardier Transportation said Wednesday, Oct. 1, 2014 it had "signed a new contract" to continue running New Jersey Transit's RiverLINE, roughly paralleling the Delaware River between Camden, N.J., and the state capital, Trenton. The contract, valued at about $296 million, stretches...

seattle-monorail-plan-passé-newspaper-says
Amidst Seattle's aggressive expansion of light rail transit and streetcar lines, some have insisted on revitalizing monorail transportation, which appeared in the city during its 1962 World's Fair. But on Sunday, Oct. 5, 2014, a Seattle Times editorial declared, "Expansion of...
mta-five-year-capital-plan-on-hold
New York's Metropolitan Transportation Authority (MTA) has been told to go back to its proposed $32 billion five-year capital program and, in essence, perform a do-over. A five-member Capital Program Review Board formally rejected the plan, identifying capital needs for MTA's...
bombardier-renews-njt-riverline-operations-contract
Bombardier Transportation said Wednesday, Oct. 1, 2014 it had "signed a new contract" to continue running New Jersey Transit's RiverLINE, roughly paralleling the Delaware River between Camden, N.J., and the state capital, Trenton. The contract, valued at about $296 million, stretches...
cp’s-harrison-sets-2018-financial-goals
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more than doubling the company’s earnings per share.” Financial expectations on CP’s...
houston-metro-delays-lrt-launches
Continuing and mounting delays have forced Metropolitan Transit Authority of Harris County (Metro) from adding two new light rail transit lines to Houston's growing system. Metro now says it hopes to get both lines launched next year. Last summer, Metro expected...