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Midyear Report: Why investors turn to rail
Union Pacific’s record $3.7 billion in capital expenditures in 2012 returned quick dividends, and resulted in the 151-year-old railroad’s best year for its investors.
Obituary: Isabel H. Benham, 103
Isabel Hamilton Benham, who died May 18, 2013, at the age of 103, was a formidable and influential presence in railroad affairs on Wall Street for much of the 20th Century. She…
Equipment leasing: The best of times?
The good news is obvious; the bad news is actually hard to find.
Fracking: The view from 50,000 feet (up)
Based on research that I have recently concluded, the “best of times” are clearly being had by anyone in our industry who has anything to do with the movement of…
AMT, CN in talks on Deux-Montagnes line
CN is holding discussions with Montreal's Agence metropolitaine de transport (AMT) on the possible sale of CN's Deux-Montagnes line, including the Mount Royal tunnel, used by AMT regional trains.
New investment capital for Iowa Pacific
Iowa Pacific Holdings, LLC announced on May 10 that it has reached a preliminary understanding with two institutional investors for up to $35 million of new capital that will be…
FreightCar America notes 1Q earnings loss
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared…
GWI marks 1Q earnings, new headquarters
Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain…
For Trinity, a record railcar backlog
Trinity Industries, Inc., in announcing earnings results for the first quarter ended March 31, 2013, noted that the company’s Rail Group received orders for 14,505 new railcars during the first…
GATX 1Q results slip; railcar leasing is “strong”
GATX Corp. Thursday reported first-quarter net income of $27.1 million, or 57 cents per diluted share, down from $30.3 million, or 64 cents per diluted share, in the first quarter…
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