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FEC taps GE Transportation for 24 locomotives
Jacksonville, Fla.-based Florida Florida East Coast Railway, LLC (FEC) announced Thursday, Jan. 30, 2014 it will acquire 24 new ES44C4 locomotives from Erie-Pa.-based GE Transportation.
Trinity Industries closes railcar sale
Dallas-based Trinity Industries, Inc. on Tuesday, Jan. 28, 2014 said it had closed the sale of the second tranche of leased railcars to Element Financial Corp., under the newly formed…
CP 4Q, full year set numerous records
Canadian Pacific said it set numerous records for both its fourth quarter and full-year 2013, and offered guidance suggesting continued improvement in 2014.
Railcar 4Q production, backlog stay strong
Fourth-quarter railcar orders, deliveries, and backlogs showed robust activity, according to the Railway Supply Institute's American Railway Car Institute Committee (ARCI) data released Thursday, Jan. 23, 2014. Tank cars, in…
KCS sets 4Q, full-year revenue records
Kansas City Southern reported fourth-quarter net income of $114 million, or $1.03 per diluted share, up 12% from $93 million, or 83 cents per diluted share, in the fourth quarter…
Good 4Q13 for Union Pacific
Union Pacific said Thursday, Jan. 23, 2014 fourth-quarter 2013 earnings of $1.17 billion, or $2.55 per share, up 13% from $1.04 billion, or $2.19 per share, in the fourth quarter…
GATX 4Q13 earnings beat Street
Chicago-based GATX Corp. on Thursday, Jan. 23, 2014 reported fourth-quarter 2013 earnings of $53.3 million, or $1.14 per diluted share, compared with net income of $29.7 million, or 62 cents…
Record 4Q earnings for Norfolk Southern
Norfolk Southern Corp. Wednesday, Jan. 22, 2014 reported record fourth-quarter net income of $513 million, or $1.64 per diluted share, up 24% from $413 million, or $1.30 per diluted share,…
Investment group sub to buy MM&A
Beleaguered short line Montreal, Maine & Atlantic Railway (MM&A), under financial duress due to the July 6, 2013 derailment and explosion of a train in Lac-Megantic, Quebec, has signed a…
Pandrol acquires CDM Track
Bridgeport, N.J.-based Pandrol USA LP has announced it has acquired the CDM Track business unit, including the Resin Bonded Rubber manufacturing unit RBSI in France, from the Overijse, Belgium-based CDM.
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