Finance / Leasing

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KCS: Record revenue, good earnings in 1Q Kansas City Southern reported net income in its 2014 first quarter of $94 million, or 85 cents per diluted share, slipping from $104 million, or 94 cents per diluted share, in the first quarter of 2013. But excluding the impacts of lease termination costs, foreign exchange rate fluctuations, and debt retirement costs, adjusted diluted earnings per share for first quarter 2014 was $1.05, compared with 89 cents in the first quarter of 2013, an 18% increase, KCS said.

ge-nixes-possible-ansaldo-sts-purchase
Fairfield, Conn.-based General Electric Co. said Friday, April 4, 2014 it sees no route for purchasing Ansaldo STS from parent Finmeccanica S.p.A. Said GE Europe President and CEO Nani Beccalli-Falco, "When things drag on for a long time it becomes difficult...
greenbrier-cos-2q-earnings-disappoint-street
Lake Oswego, Ore.-based The Greenbrier Cos., Inc. reported second-quarter earnings Thursday, April 3, 2014, with gains in revenue and earnings measured against the comparable quarter in 2013. But Wall Street chose to focus on the performance of both categories relative...
cincinnati-streetcar-delay-costs-nearly--million
Efforts led by Cincinnati Mayor John Cranley last December to scuttle the city's initial streetcar line generated much discussion on the cost of delay, let alone abandonment. The delay's cost, exacerbated by cold weather, has now been determined: almost $1...
caf-usa-to-expand-new-york-state-plant
Driven by orders for light rail transit (LRT) and streetcar vehicles, CAF USA has announced plans to expand its manufacturing capabilities in Elmira Heights, N.Y. The North American subsidiary of Besain, Spain-based Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF) plans to...
ontario-premier-affirms-transit-fund
Ontario Premier Kathleen Wynne has pledged that the province's upcoming fiscal budget will include a dedicated transit fund, though sources for such a fund remain unclear, given that Wynne has said no taxes will be raised for such a purpose. "It...

cincinnati-streetcar-delay-costs-nearly--million
Efforts led by Cincinnati Mayor John Cranley last December to scuttle the city's initial streetcar line generated much discussion on the cost of delay, let alone abandonment. The delay's cost, exacerbated by cold weather, has now been determined: almost $1...
caf-usa-to-expand-new-york-state-plant
Driven by orders for light rail transit (LRT) and streetcar vehicles, CAF USA has announced plans to expand its manufacturing capabilities in Elmira Heights, N.Y. The North American subsidiary of Besain, Spain-based Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF) plans to...
ontario-premier-affirms-transit-fund
Ontario Premier Kathleen Wynne has pledged that the province's upcoming fiscal budget will include a dedicated transit fund, though sources for such a fund remain unclear, given that Wynne has said no taxes will be raised for such a purpose. "It...
transnet-1064-locomotives--billion
Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa Technologies (a unit of U.S.-based GE Transportation), CNR Rolling Stock...
oregon-scuttles-crc-bridge-plans
Oregon's Department of Transportation announced Friday, March 7, 2014, that it will abandon planning efforts for the controversial Columbia River Crossing project, citing the Oregon state legislature decision not to fund the infrastructure, which was to include a new Interstate...