Finance/Leasing

Toronto-based Element Financial Corp. has appointed railroad equipment finance veteran Harry Zander as Senior Vice President Sales in Element’s Rail Finance division. He reports to President, Element Rail & Aviation…
Carolina Worrell has joined Railway Age as Managing Editor, based at Simmons-Boardman Publishing Corp.’s headquarters in New York City.
The Greenbrier Companies Inc. (GBRX), Lake Oswego, Ore., released its financial results April 7, 2015, for its second fiscal quarter, which ended on Feb. 28, 2015.
Mitsui & Co. Ltd. has entered into an agreement with JA Mitsui Leasing Ltd. (JAML) and The Norinchukin Bank for their participation in Mitsui Rail Capital LLC (MRC), which operates…
Genesee & Wyoming Inc. on March 25, 2015 completed the acquisition of approximately 94% of Britain’s Freightliner Group Ltd. for approximately US$733 million (at current exchange rates), plus the assumption…
Eight U.S. Senators this week introduced the Short Line Railroad Rehabilitation and Investment Act of 2015, designed to extend Section 45G (26 USC 45G) short line track maintenance tax credits…
South Africa's Transnet said Monday, March 2, 2015 it has concluded financing to acquire 1,064 locomotives, estimated to cost $4.3 billion, for its Transnet Freight Rail subsidiary, which were ordered…
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.
M-1 streetcar representatives on Wednesday, Feb. 25, 2015 said the public-private organization has issued a Request for Proposals (RFP) seeking an operator for Detroit's 3.3-mile initial streetcar line.
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…
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