Finance/Leasing

The U.S. Department of Transportation (USDOT) on March 30, 2016 announced the closing of a $255 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Chicago Transit Authority…
Oklahoma City on March 22, 2016 finalized a $24.9 million contract with Brookville Equipment Corp. for the supply of five Liberty Streetcars to support the city’s MAPS 3 Modern Streetcar…
KeyBanc Capital Markets attended the 2016 Rail Equipment Finance Conference, and after numerous presentations from railcar OEMs, lessors, shippers and finance companies, believes that the industry is transitioning to a…
Railway Age at REF 2016: The freight car finance and leasing market is challenging, given current economic conditions, but is relatively robust, based on information shared at the 30th annual…
Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management and CC Industries, Inc., announced March 4, 2016 formation of a new freight railcar leasing company, Riverside Rail.
Wilmington, N.C.-based Vertex Railcar Corp. on Feb. 25, 2016 announced launch of Vertex Rail Leasing, LLC, which is structured as a wholly owned subsidiary “and will serve as a leasing…
As many readers of the “Financial Edge” know, the end of 2015 saw the purchase of General Electric Railcar Services, one of the largest and in some ways oldest of…
Despite a strong U.S. dollar, lower commodity prices and fewer coal shipments, Genesee & Wyoming Inc. on Feb. 10, 2016 reported a 2015 fourth-quarter revenue of $514.9 million, an increase…
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a…
Indeed, 2015 was an amazing year for those parties involved in rail equipment and in the affiliated industries. What started out as a downtrend in oil pricing moved to a…
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