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.
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as "solid" results.
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.
By a roughly 2-to-1 majority, Sacramento, Calif., property owners along a proposed streetcar route have approved plans to fund $30 million toward the cost of the 3.3-mile, $150 million project.
For the second straight week, U.S. intermodal volume slipped fractionally behind levels of 2014 even as total U.S. freight traffic gained ground, the Association of American Railroads said Wednesday, Feb. 18, 2015.