Finance/Leasing

Genesee & Wyoming Inc. on Tuesday, Feb. 10, 2015 reported improved fourth-quarter earnings and revenue, helping the company's full-year results recover from what it called a "slow start to 2014…
The indecision involving the type of rail mode for Toronto's Scarborough Line has now been assigned a specific cost: C$75 million (US$60 million), roughly C$10 million less than high-end estimates.
Wilmerding, Pa.-based Wabtec Corp. has acquired Railroad Controls L.P., a provider of railway signal construction services with annual revenue of about $75 million in 2014.
Canadian National late Tuesday, Jan. 27, 2015 reported fourth-quarter net income of C$844 million (US$678 million), or C$1.03 (about 83 U.S. cents) in diluted earnings per share, compared with C$635…
Iowa Pacific Holdings, LLC handled record carloads and passengers in 2014, and earned record revenue.
Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a…
Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street…
Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.
Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the…
States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve.
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