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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.
GE signs MOU for Kazakhstan diesel plant
Erie, Pa.-based GE Transportation on Wednesday said it has signed a Memorandum of Understanding with TransMashDiesel and JSC National Company Kazakhstan Temir Zholy (KTZ) to establish a diesel engine manufacturing…
GATX unit will lease railcars in India
GATX Corp. announced Tuesday that its subsidiary, GATX India Private Limited (GIPL), has entered the Indian marketplace with the purchase of 450 container flat cars.
Alstom absorbs DB share of joint venture
Alstom said Tuesday it and DB Mobility Network Logistics AG have signed a contract for the takeover of the 49% stake held by DB Mobility Network Logistics AG in the…
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