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VTG expands U.S. railcar fleet
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 forms alliance, sets fiscal subsidiary
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.,…
Court bars CHSRA bond issuance
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…
UP renews share repurchase program ahead of schedule
Union Pacific’s Board of Directors on Thursday, Nov. 21, 2013, approved the early renewal of its share repurchase program, authorizing repurchase of up to 60 million common shares by Dec.…
GWI marks gains in October traffic
Darien, Conn.-based Genesee & Wyoming said Monday, Nov. 11, 2013 its October traffic volume rose 104.2% compared with its comparable traffic one year ago, and up 6.3% from October 2012…
Purple Line 3P approach is approved
Maryland transportation officials on Wednesday, Nov. 6, 2013, got the go-ahead to advance a private-public partnership (3P or PPP) approach for the $2.2 billin Purple Line light rail transit project,…
GWI posts 3Q profit
Genesee & Wyoming Inc. on Friday, Nov. 1, 2013, reported third-quarter earnings of $65.7 million, or $1.16 per diluted share, compared with a loss of $19.6 million, or 47 cents…
ARI reports “strong” 3Q earnings
St. Charles, Mo.-based American Railcar Industries, Inc. has reported "strong" third-quarter earnings of $35.6 million, or 98 cents per share, up 17% from earnings of $30.3 million in the third…
CTA protests Moody’s credit downgrade
The Chicago Transit Authority on Monday, Oct. 28, 2013, objected strongly to a downgrade of its credit rating made last week by Moody's Investors Service.
Ackman to sell partial stake in CP
Pershing Square Capital Management founder William Ackman reportedly is selling roughly US$800 million of his investment in Canadian Pacific Railroad, or roughly 5.9 million shares.
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