Finance/Leasing

H.R. 1, the American Recovery and Reinvestment Act of 2009, contains billions of investment dollars for rail projects, passenger and freight.

Norfolk Southern’s 2009 capital spending program, totaling$1.412 billion, is the railroad's second-largest in five years. It is exceeded by 2008’s $1.556 billion, but tops expenditures of $1.341 billion in 2007, $1.178 billion in 2006, and $1.025 billion in 2005.

--> Norfolk Southern’s 2009 capital spending program, totaling$1.412 billion, is the railroad's second-largest in five years. It is exceeded by 2008’s $1.556 billion, but tops expenditures of $1.341 billion in 2007,…

Hedge funds TCI (The Children’s Investment Fund) and 3GCapital Partners won four seats on the CSX Corp. board of directors in a proxy fight last year. Now, TCI managing partner Christopher Hohn has decided not to seek re-election to the board this year and CSX has decided not to fill the vacancy, according to a filing with the Securities and Exchange Commission onFeb. 12.

--> Hedge funds TCI (The Children’s Investment Fund) and 3GCapital Partners won four seats on the CSX Corp. board of directors in a proxy fight last year. Now, TCI managing partner…
MTA Staten Island Railway’s revitalized freight operation recently took delivery of four new locomotives from Brookville Equipment Corp. Normally, domestic locomotives are delivered by rail, but the equipment move to…

Greenbrier Cos. says it will reduce its work force by roughly 150, in an effort to rein in costs during the current economic recession.

--> Greenbrier Cos. says it will reduce its work force by roughly 150, in an effort to rein in costs during the current economic recession.
Dahlman Rose & Co. Director Equity Research and Railway Age Contributing Editor Jason Seidl sees “as a glimmer of hope in an otherwise weak rail environment” as some traffic sectors…
Economic Planning Associates sees 2009 and 2010 as “difficult” years for the freight railcar industry, based on the economic and financial environments as well as EPA’s analyses of customer market…
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