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UBS: “No collapse in tank cars imminent”
“Tank car concerns are creating quite a stir,” says Eric Crawford of UBS Investment Research, commenting on the tank car market.
Greenbrier, Watco set railcar repair joint venture
The Greenbrier Cos., Inc. and Watco Companies, LLC announced early Wednesday, June 4, 2014, a new company that will create a North American network of railcar repair shops.
Newest GWI short line debuts
Genesee & Wyoming Inc.'s newest rail subsidiary, Rapid City, Pierre & Eastern Railroad, Inc. (RCP&E), began operations Sunday, June 1, 2014, as Canadian Pacific completed the sale of the line,…
OmniTRAX acquires Sand Springs Railway Co.
OmniTRAX announced Wednesday, May 28, 2014 that it is acquiring Sand Springs Railway Co., a 32-mile short line linking the railroad's namesake Oklahoma city with Tulsa, Okla.
Edmonton LRT project gets more federal funding
Edmonton's proposed Valley Line Stage 1 Light Rail Transit expansion project has been assured of C$150 million (US$138 million) by Edmonton's Parlimentary representative Rona Ambrose.
Greenbrier, Mitsubishi UFJ Lease & Finance join forces
The Greenbrier Companies, Inc. has entered into an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of…
TransCanada looks to rail as pipeline alternative
TransCanada Corp., whose Keystone XL pipeline project has been stalled by politically related delays, is in discussions with customers about shipping Canadian crude to the U.S. by rail as an…
Greenbrier: 7,000 railcars, $700 million
The Greenbrier Companies, Inc. received new orders in April and May for 7,000 railcar units valued at more than $700 million.
Short line gets new name, new owner
Hermon, Maine-based Montreal, Maine & Atlantic Railway has a new identity – Central Maine and Quebec Railway – following its purchase by Railroad Acquisisition Holdings LLC, an arm of New…
Met Council touts Green Line economic impact
St. Paul, Minn.'s yet-to-open Green Line (Central Corridor LRT project) is being credited with "at least $2.5 billion worth of new construction and redevelopment projects" by the Metropolitan Council, overseeing public…
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