Finance / Leasing

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Service levels impact equipment markets As the industry waits for the DOT and PHMSA to determine the future of the tank railcar that will carry crude oil and other flammable commodities by rail, industry insiders focus on other issues that remain relevant in the day-to-day management of railcar fleets and industrial businesses served by the railroads. One issue near the top of everyone’s list is concern about the efficiency (or lack thereof) of rail service throughout the North American system and what that says about capacity in today’s rail network and its ability to handle freight marketplace growth potential.

oklahoma-city-eyes-inekon-brookville-for-streetcars
Prague, Czech Republic-based Inkeon Group a.s., appears to be the frontrunner among four streetcar suppliers bidding for Oklahoma City's MAPS 3 project, with Brookville Equipment Corp. still a factor as well. The four companies submitted a total of seven proposals, including...
sacramento-businesses-mull-tax-for-streetcar
Sacramento, Calif., downtown businesses next month will vote on creating a tax district designed to generate $30 million for a proposed streetcar project, initiated by neighboring West Sacramento in 2008 and designed to link up with existing Regional Transit District...
fed-spending-bill-aids-maryland-rail-projects
Maryland state officials, state media outlets, and rail advocates are voicing cautious enthusiasm over funds identified in the fiscal year 2015 federal spending bill, still to be passed, for both Baltimore's Red Line light rail transit project and the bicounty...
analysis-opec-move-tugs-at-railcar-expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, "[g]iven the dramatic share price volatility in the railcar space following OPEC's decision last week." KeyBanc analyst Steven Barger, in a note...
csx-cfo-upbeat-on-4q-long-term
CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials Conference in New York on Wednesday, Dec. 3, 2014. "Fourth-quarter volume...

analysis-opec-move-tugs-at-railcar-expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, "[g]iven the dramatic share price volatility in the railcar space following OPEC's decision last week." KeyBanc analyst Steven Barger, in a note...
csx-cfo-upbeat-on-4q-long-term
CSX Corp. is on target for its fourth-quarter earnings expectations and is confident of the longer-term outlook, Chief Financial Officer Fredrik Eliasson told those attending the Credit Suisse Global Industrials Conference in New York on Wednesday, Dec. 3, 2014. "Fourth-quarter volume...
duke-energy-wins-cincy-streetcar-cost-spat
Cincinnati has been assigned the fiscal streetcar burden foisted on other cities, in its case by a judge declaring Duke Energy is not responsible for the cost of moving utilities under streetcar rights-of-way in the city. The move, announced Tuesday, Dec....
fed-funds-back-mbta-green-line-extension
The Federal Transit Administration has pledged about $996 million in "New Starts" funding to support extension of Massachusetts Bay Transportation Authority's (MBTA) Green Line from Cambridge to Somerville and Medford. MBTA began work on the 4.7-mile extension's right-of-way in March 2013,...
amtrak-touts-fy14-fiscal-numbers
Amtrak released it fiscal year 2014 revenue numbers Tuesday, Nov. 25, 2014, citing continued financial performance that drew grudging coverage even from media adversaries of the national passenger railroad. For Fiscal Year 2014, which ended Sept. 30, 2014, Amtrak reported "unaudited...