Finance / Leasing

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Bombardier makes fiscal, personnel moves Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status.

galveston-to-reboot-diesel-streetcar
Galveston, Tex.'s City Council, in a 6-to-1 vote Thursday, Feb. 26, 2015, approved proceeding to re-establish the citys 6.8-mile diesel trolley car operation, which was discontinued in 2008. Galveston plans to use Federal Emergency Management Agency (FEMA) funds, insurance proceeds, and...
orlando-sunrail-expansion-faces-delay
SunRail regional ("commuter") train service expansions south of the current system into Florida's Osceola County, and north to DeLand, face potential delays of at least six months, Florida's Department of Transportation says. Delays in securing $126 million in federal funding assistance...
genesee-wyoming-to-acquire-freightliner
Darien, Conn.-based Genesee  & Wyoming announced Tuesday, Feb. 24, 2015, that it has agreed to acquire a 95% stake in Britain's Freightliner Group from Arcapita and other shareholders for $755 million in cash. G&W will assume around £8.5 million in net debt...
omnitrax-acquires-illinois-short-line
OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City. Peru Industrial Railroad will run freight service on three miles of track starting immediately, OmniTRAX said. Local...
ari-4q-earnings-disappoint-street
St. Charles. Mo.-based American Railcar Industries Inc. reported fourth-quarter net income of $22.7 million, or $1.06 per share, late Wednesday, Feb. 18, 2015, after the closing bell on Wall Street. Net income was up 3% from the comparable quarter in...

bombardier-makes-fiscal-personnel-moves
Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order to raise US$2.1 billion to stabilize its financial status. The move...
ari-4q-earnings-disappoint-street
St. Charles. Mo.-based American Railcar Industries Inc. reported fourth-quarter net income of $22.7 million, or $1.06 per share, late Wednesday, Feb. 18, 2015, after the closing bell on Wall Street. Net income was up 3% from the comparable quarter in...
trinity-industries-reports-good-4q-2014
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as "solid" results. Dallas-based Trinity Industries reported fourth-quarter net income "attributable to Trinity stockholders" of $138.2 million, or 86 cents per diluted share,...
freightcar-america-4q-full-year-results-shine
FreightCar America reported its fourth-quarter and full-year 2014 results Tuesday, Feb. 17, 2015, after the closing bell on Wall Street, highlighted by positive net earnings in 2013 compared with a net loss in 2013. Fourth-quarter net income of $4.8 million, or...
wabtec-touts-record-results-for-2014
Wabtec Corp. on Wednesday, Feb. 18, 32015, reported record results for 2014, with expectations of repeating the accomplishment in 2015. Wabtec's fourth-quarter earnings per diluted share were 95 cents, up 25% from the fourth quarter of 2013 and also a record,...