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CSX’s capex strategy
From intermodal infrastructure to doublestack clearances to new locomotives, CSX continues to invest.
Timken Co. to buy Greenbrier Cos. asset package
The Greenbrier Cos. Thursday said it has reached agreement with The Timken Co. to sell "substantially all the equipment utilized in Greenbrier's reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky."
Record 4Q, full-year earnings for ARI
St. Charles, Mo.-based American Railcar Industries late Wednesday reported record fourth-quarter earnings of $24.4 million, up from $5.1 million in the fourth quarter of 2011. Revenue for the quarter was…
Rail Group aids Trinity's 4Q, full-year results
Trinity Industries announced Wednesday that Rail Group orders for 5,620 new railcars during the fourth quarter pushed its backlog to 31,990 units valued at $3.7 billion. The Rail Group shipped 4,960 railcars…
FreightCar America logs 4Q loss
FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net…
GE sub reaches MOU with Russian railway
GE Transportation, Locorail, and Yakutia Railways in Russia announced Friday a Memorandum of Understanding "to explore the possibility of forming a strategic relationship to modernize diesel electric locomotives."
Colombia eyes major new coal railroad
New Colombia Resources, Inc. announced in Coral Springs, Fla., Thursday its plans for a public-private partnership with the Agencia Nacional de Infraestructura (ANI) of Colombia to build a $359 million railroad to…
CP terms 4Q earnings “solid”
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
NS budgets $2 billion for 2013 capex
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company…
CSX 4Q earnings dip; full-year earnings advance
CSX Corp. Tuesday afternoon reported fourth-quarter 2012 net earnings of $443 million, or 43 cents per share, compared with $457 million, or 43 cents per share, in the comparable 2011…
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