Finance / Leasing

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CP notches record 4Q income, operating ratio Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the railroad's record low operating ratio of 59.8%.

iowa-pacific-posts-record-2014-results
Iowa Pacific Holdings, LLC handled record carloads and passengers in 2014, and earned record revenue. Freight and freight-related revenue totaled more than $41 million for 2014. Freight carloads totaled 58,325 for the year, up 9,216 or 20% from 2013. “We had...
kcs-logs-record-4q-and-full-year-revenue
Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street analyst expectations. KCS reported fourth-quarter net income of $142 million, or...
2015-passenger-rail-outlook
States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve. The numbers keep growing. North American rail passenger systems keep multiplying. Their sizes increase. Their fleet numbers keep increasing....
cold-train-owner-sued-for-loan-default
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail Logistics and Cold Train. The lawsuit by Ferris seeks to recover...
honolulu-project-faces-short-term-fiscal-shortfall
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction. A Memorandum of Understanding (MOU) with HART would put the city at the...

2015-passenger-rail-outlook
States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve. The numbers keep growing. North American rail passenger systems keep multiplying. Their sizes increase. Their fleet numbers keep increasing....
cold-train-owner-sued-for-loan-default
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail Logistics and Cold Train. The lawsuit by Ferris seeks to recover...
honolulu-project-faces-short-term-fiscal-shortfall
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction. A Memorandum of Understanding (MOU) with HART would put the city at the...
indiana-confronts-hoosier-state-crisis
Thwarted in its effort last year to employ a private contractor to handle large operation of Amtrak's Hoosier State, Indiana officials now are scrambling to secure state funding to ensure continued operation of the service, linking Chicago and Indianapolis four...
new-orleans-mulls-public-belt-railroad-sale
New Orleans Mayor Mitch Landrieu is requesting commissioners of the New Orleans Public Belt Railroad, a city-owned property, to consider putting the railroad up for sale to a private-sector operator. One potential buyer already has voiced interest, according to the New...