Finance / Leasing

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CP agrees to sell D&H line to Norfolk Southern Canadian Pacific announced on Monday, Nov. 17, 2014 it would sell a line of roughly 200 miles, cutting across Pennsylvania and New York, to Norfolk Southern Corp. for $192.6 million.

arlington-county-scuttles-streetcar-plans
Arlington County officials said Tuesday, Nov. 18, 2014 that the county is canceling its plans for two streetcar projects, bowing to continual opposition and heightened by a recent local election. The move quickly was criticized by officials in neighboring Fairfax County,...
columbia-river-crossing-successor-sought
Opposition to a proposed $3.3 billion multimodal bridge linking Oregon and Washington last year killed the controversial Columbia River Crossing (CRC) project, sinking additions to Interstate 5 road capacity and scuttling plans to extend MAX light rail service into Washington...
california-hsr-phase-2-draws-three-bidders
Three consortia submitted sealed bids late Thursday, Oct. 30, 2014, to the California High-Speed Rail Authority (CHSRA), expressing interest in overseeing construction of the second leg of the state's proposed high speed rail network. Bidders include: Dragados/Flatiron/Shimmick; Golden State Rail Partnership,...
gwi-3q-earnings-and-revenue-rise
Darien, Conn.-based Genesee & Wyoming, Inc. on Friday, Oct. 31, 2014 reported third-quarter net income of $72.9 million, compared with net income of $66.2 million in the third quarter of 2013. Excluding the net impact of certain significant items discussed...
freightcar-america-3q-earnings-much-improved
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in the third quarter of 2013.  Chicago-based FreightCar America announced the...

gwi-3q-earnings-and-revenue-rise
Darien, Conn.-based Genesee & Wyoming, Inc. on Friday, Oct. 31, 2014 reported third-quarter net income of $72.9 million, compared with net income of $66.2 million in the third quarter of 2013. Excluding the net impact of certain significant items discussed...
freightcar-america-3q-earnings-much-improved
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in the third quarter of 2013.  Chicago-based FreightCar America announced the...
greenbrier-cos-touts-record-4q-full-year
The Greenbrier Cos., Inc. on Thursday, Oct. 30, 2014 announced "record results for [the] fourth quarter and fiscal year," adding it had received orders of "an additional 11,400 units" after its fiscal fourth quarter ended on Aug. 31, 2014. Fourth-quarter net...
ari-3q-revenue-slips-but-backlog-grows
American Railcar Industries, Inc. (ARI) reported a drop in third-quarter revenue 2014 relative to the comparable period in 2013. St. Charles, Mo.-based ARI announced its results late Wednesday, Oct. 29, 2014, following the closing bell on Wall Street. Total consolidated revenue...
trinity-industries-3q-earnings-rise
Trinity Industries, Inc. announced third-quarter earnings of $149.4 million, or 90 cents per diluted share, up 43% from $99.6 billion, or 63 cents per share, in the third quarter of 2013. Trinity reported the news late Tuesday, Oct. 28, 2014,...