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MTA taps Kawasaki for M-9 railcar order
Kawasaki Rail Car, Inc. has been awarded a $1.8 billion contract by New York's Metropolitan Transportation Authority to supply an initial order of 92 M-9 married-pair electric multiple-unit (EMU) cars…
Continental Rail Corp. eyes freight railcar program
Continental Rail Corp., a short line and regional freight railroad holding company, announced Wednesday, Sept. 11, 2013 that it has engaged energy and infrastructure investment banking firm Taylor-DeJongh Ltd. to…
Potential suitor emerges for beleaguered MM&A
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…
Private equity firm acquires Nordco, Inc.
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…
Greenbrier, CIT Rail enter into railcar maintenance agreement
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,…
Beleaguered MM&A files for bankruptcy
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…
Norfolk Southern: Anticipate, adapt, accomplish
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.
Better 2Q for L.B. Foster in 2013
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 acquiring railcar repair operation
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 marks 2Q loss
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,…
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