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GE Transportation hails healthy 4Q
Erie, Pa.-based GE Transportation on Friday reported $1.5 billion in fourth-quarter 2011 revenue, up 43% year-over-year. Revenue for the full year 2011 was $4.9 billion, up 45% compared with fiscal…
GATX posts strong railcar results
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
UP reports record quarter and year; outlines 2012 capex
Union Pacific announced Thursday that it earned 2011 fourth-quarter net income of $964 million, or $1.99 per diluted share, compared with $775 million, or $1.56 per diluted share, in fourth-quarter…
CP sets 2012 capital plan
CP sets 2012 capital plan Canadian Pacific Railway Wednesday announced that it will invest between C$1.1 billion and C$1.2 billion for infrastructure renewal, network enhancements, and expansion projects in 2012.
EMD lockout continues into second week
A lockout at Electro-Motive Diesel Canada’s London, Ontario, plant that began on New Year’s Day is spurring cross-border labor issues between the U.S. and Canada.
GE Transportation completes RMI acquisition
Erie, Pa.-based GE Transportation said it had completed its acquisition of software provider RMI from The Carlyle Group. GE said late Tuesday the acquisition significantly expands its Software and Optimization…
Examining the financial crisis fallout
There are unanswered questions about regulatory changes and a shrinking operating lessor pool. As readers of this column already know, the rail industry has enjoyed more than 30 years of…
Hedge fund touts talks with CP
Hedge fund Pershing Square Capital Management, led by activist investor William Ackman, said Thursday it has held “productive” discussions with Canadian Pacific Railway.
With all due respect to Denzel Washington and Chris Pine, the railroad stocks may be the things that are unstoppable and not just the exaggerated Hollywood freight train story.
Canadian Pacific sells $500 million in debt
Canadian Pacific Railway Ltd. announced Tuesday that that subsidiary Canadian Pacific Railway Co. is issuing: US$250 million of 4.50% Notes due 2022 and US$250 million of 5.75% Notes due 2042.…
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