Finance / Leasing

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Factors affecting this year’s “equipment harvest” Fall is the season of the harvest. This is true for the farmers working their wheat, corn, and soybeans, but also true for many railcar owners. As important as bushel prices are to the farmer, determining what will be shipped to market or moved to storage, the fall brings a harvest mindset to the rail investor.

more-companies-back-detroit-m1-streetcar
Add Ford Motor Co. and DTE Energy to the list of Detroit-area companies committing funding and other support to the nascent Detroit M1 (or M-1) streetcar project, now under construction. Ford and DTE each announced $3 million in funding for the...
balfour-beatty-sells-parsons-brinckerhoff
Balfour Beatty has announced it has sold its engineering and design consultancy subsidiary Parsons Brinckerhoff (PB) to WSP Global, Canada, for £820 million, or roughly US$1.35 billion (roughly C$1.5 billion). PB was acquired by Balfour Beatty in September 2009 for £382...
loram-acquires-majority-stake-in-britains-rvel
Loram Maintenance of Way, Inc. on Sept. 4, 2014 announced it has acquired a majority stake in Railway Vehicle Engineering Ltd. (RVEL), based in Derby, United Kingdom. Minneapolis-based Loram said it already has a strong presence in British markets supplying on-track...
chinas-cnr-csr-halt-share-trading-amid-merger-reports
Two huge Chinese rolling stock manufacturers, China CNR Corp. and CSR Corp., have suspended trading of their shares following reports in the Chinese media that the Chinese government is looking to merge the two companies. A report published on the Chinese...
R. J. Corman Railroad Company/Texas Lines LLC late Tuesday, Sept. 2, 2014 announced the purchase of the assets of Texas Southeastern Railroad (TSE), previously a subsidiary of Georgia-Pacific LLC. Located in Diboll, Tex., TSE serves several industry customers, including Atlas Roofing,...

loram-acquires-majority-stake-in-britains-rvel
Loram Maintenance of Way, Inc. on Sept. 4, 2014 announced it has acquired a majority stake in Railway Vehicle Engineering Ltd. (RVEL), based in Derby, United Kingdom. Minneapolis-based Loram said it already has a strong presence in British markets supplying on-track...
chinas-cnr-csr-halt-share-trading-amid-merger-reports
Two huge Chinese rolling stock manufacturers, China CNR Corp. and CSR Corp., have suspended trading of their shares following reports in the Chinese media that the Chinese government is looking to merge the two companies. A report published on the Chinese...
R. J. Corman Railroad Company/Texas Lines LLC late Tuesday, Sept. 2, 2014 announced the purchase of the assets of Texas Southeastern Railroad (TSE), previously a subsidiary of Georgia-Pacific LLC. Located in Diboll, Tex., TSE serves several industry customers, including Atlas Roofing,...
rail-revenue-adequacy?-well-sort-of
The Surface Transportation Board (STB) ruled Sept. 2 that five Class I railroads—BNSF, U.S. affiliates of Canadian National and Canadian Pacific, Norfolk Southern and Union Pacific—are revenue adequate. That is, they achieved a rate of return on investments used to...
stb-five-class-i-railroads-revenue-adequate
The Surface Transportation Board announced Tuesday, Sept. 2, 2014, that it has found five U.S. Class I railroad properties to be "revenue adequate for the year 2013, meaning that five of the Class I railroads achieved a rate of return...