Finance/Leasing

Chicago-based GATX Corp. on Thursday, Jan. 23, 2014 reported fourth-quarter 2013 earnings of $53.3 million, or $1.14 per diluted share, compared with net income of $29.7 million, or 62 cents…
Norfolk Southern Corp. Wednesday, Jan. 22, 2014 reported record fourth-quarter net income of $513 million, or $1.64 per diluted share, up 24% from $413 million, or $1.30 per diluted share,…
Beleaguered short line Montreal, Maine & Atlantic Railway (MM&A), under financial duress due to the July 6, 2013 derailment and explosion of a train in Lac-Megantic, Quebec, has signed a…
Bridgeport, N.J.-based Pandrol USA LP has announced it has acquired the CDM Track business unit, including the Resin Bonded Rubber manufacturing unit RBSI in France, from the Overijse, Belgium-based CDM.
CSX Corp. reported fourth-quarter earnings of $426 million, or 42 cents per share, down slightly from $449 million, or 44 cents per share, in the fourth quarter of 2012. That…
Famed French writer Victor Hugo said, “There is one thing stronger than all the armies in the world, and that is an idea whose time has come.” Repurposing the Railroad…
The Greenbrier Companies, Inc. on Wednesday, Jan. 8, 2014 reported net earnings of $16 million, or 51 cents per share, for its fiscal first-quarter 2014 ending Nov. 30, 2013, missing…
Hamburg, Germany-based VTG Aktiengesellschaft (VTG), a railcar leasing and rail logistics company, said Tuesday, Dec. 10, 2013 it has expanded its U.S. railcar fleet.
Trinity Industries, Inc. announced Monday, Dec. 9, 2013, a new strategic alliance with Element Financial Corp., which will work with Trinity's newly formed, wholly-owned subsidiary called TrinityRail Asset Management Co.,…
Opponents of California's high speed rail project celebrated Thanksgiving early – and, some argued, prematurely – following a court ruling barring the issuance of more than $8 billion in state…
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