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ARI offers to buy rival Greenbrier Cos.
American Railcar Industries Inc., controlled by well-known investor Carl Icahn, has offered to buy Lake Oswego, Ore.-based The Greenbrier Cos. Inc. for about $543 million.
Siemens to acquire Invensys Rail
Invensys announced late Wednesday it will sell Invensys Rail to Siemens AG for $2.8 billion.
Greenbrier Cos. affirms Icahn stock acquisition
The Greenbrier Cos. late Tuesday affirmed that "Carl C. Icahn and Reporting Persons affiliated with him have acquired 9.99% of the outstanding Common Stock of Greenbrier."
Shad Peterson named President of Sasser Family Holdings, Inc.
Sasser Family Holdings Inc., a fourth-generation, family-held transportation asset services and management company with roots dating back to 1928, has named Shad Peterson as President.
BNSF surge beefs up Berkshire earnings
Omaha, Neb.-based Berkshire Hathaway, Inc. continues to reap handsome returns from its purchase of BNSF Railway. Berkshire late Monday announced that total third-quarter revenue grew 22% year-over-year to $41.1 billion,…
For Greenbrier Cos., a record fiscal year
Fiscal year 2012 was a record one for The Greenbrier Cos., both in terms of earnings and revenue, the Lake Oswego, Ore.-based company said. The company's fiscal year ended Aug.…
Record 3Q earnings for American Railcar Industries
American Railcar Industries, Inc. late Wednesday reported third-quarter net earnings of $14 million, or 66 cents per share, which ARI said was "a new quarterly record," and up dramatically from…
CP touts “turnaround” as 3Q earnings beat Street
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in…
NS 3Q earnings just beat lowered Street expectations
Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter…
CN notes 3Q results; sets stock repurchase plan
Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the…
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