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Oil and gas drive hot leasing market
Halfway into the year, North America’s railcar lessors have a hot marketplace on their hands for cars destined for oil and gas industry service. This has translated into significant new…
CP names Paul Haggis new chairman
Canadian Pacific Tuesday said it has named Paul Haggis as its new chairman.
ProTran lands Brazilian contract
ProTran Technology says it was awarded its first major contract from Brazil's Belo Horizonte Metro for the "Protracker / PTC" track worker protection overlay system for advance warning of approaching…
L.B. Foster finalizes business division sale
L.B. Foster Co. on Monday noted the completion of the sale of its railway securement business to Holland, L.P.
Regional Rail LLC acquires recycling company
Regional Rail, LLC says it has acquired a construction and demolition debris (C&D) rail-served transfer station in Conshohocken, Pa.
CIT announces orders for 3,500 railcars
CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
What’s lowering railcar rents?
A perfect storm of interest rate, tax, and market factors is driving down the rents for many of today’s railcar users to historic lows. Low interest rates are contributing to…
CP urges Teamsters to renew negotiations
Canadian Pacific on Tuesday again asked the Teamsters Canada Rail Conference to let striking workers return to their jobs "and stop the damage the union is unnecessarily causing to CP customers' businesses…
RailAmerica discusses possible sale
RailAmerica Inc., which owns 45 small railroads that operate approximately 7,500 miles of track in North America, disclosed late Tuesday that it is considering selling the company and has entered into talks with…
Tony Kruglinski joins Railway Age bloggers
Tony Kruglinski added his prestigious credentials to Railway Age's stable of bloggers this week, offering his expertise on railroad financing/leasing.
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