Finance/Leasing

A Canadian rail group reportedly is negotiating with the State of Maine in hopes of acquiring the Montreal, Maine & Atlantic Railway, which filed for bankruptcy on Aug. 7 following…
Nordco Inc. said late Monday, Aug. 19, 2013, that it has been acquired by Greenbriar Equity Group LLC, a New York-based private equity firm focused on global transportation. Terms of…
The Greenbrier Companies, Inc. has signed a multi-year maintenance supply agreement to provide CIT Rail with dedicated access to repair capacity at Greenbrier’s railcar repair and parts shop in Atchison,…
Montreal, Maine & Atlantic Railway (MM&A), operator of the runaway crude oil train involved in the July 6 derailment and explosion at Lac-Mégantic, Quebec, that killed 47 people, announced on…
The goal of capital expenditures is to link investments to the quality of the transportation product, generating increased customer satisfaction. Perhaps no railroad does it better than Norfolk Southern.
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the…
The Andersons, Inc. announced Monday, Aug. 5, 2013, that it has entered into an agreement to acquire Mile Rail, LLC, a railcar repair and cleaning company headquartered in Kansas City, Mo.
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2,…
Bombardier Inc. reported Thursday, Aug. 1, 2013, that adjusted net income for the company's second quarter was US$158 million, or nine U.S. cents per share, in line with Wall Street…
Genesee & Wyoming, Inc. early Thursday, Aug. 1, 2013, reported earnings of $65.1 million, or $1.14 per diluted share, for the second quarter of 2013, up from $36.4 million, or…
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