Finance/Leasing

Grain car lessors are reporting an extremely soft market for all but the largest of jumbo covered hoppers. (The jumbos are working and we couldn't find any lessors that have…
Greenwich, Conn.-based Genesee & Wyoming Inc. Wednesday said its May traffic volume declined 4.6% compared with May 2011.
Pennsylvania's Lycoming Valley Railroad will be the beneficiary of a new industry track construction project near Muncy, Pa. The project involves building 2,300 feet of new track and restoring another…
The Phillips 66 Co. is reported to be acquiring 2,000 new tank cars to move oil from North Dakota to Phillips 66 refineries on the Atlantic and Pacific coasts.
Holland L.P. affirmed Thursday that it has acquired the Railway Securement Business of L.B. Foster. Terms of the transaction remain undisclosed.
Give Norfolk Southern CEO Wick Moorman due recognition for his courage to be contrarian. Applause from this observer follows.
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…
Canadian Pacific Tuesday said it has named Paul Haggis as its new chairman.
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 Co. on Monday noted the completion of the sale of its railway securement business to Holland, L.P.
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