Finance/Leasing

States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve.
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail…
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction.
Thwarted in its effort last year to employ a private contractor to handle large operation of Amtrak's Hoosier State, Indiana officials now are scrambling to secure state funding to ensure…
New Orleans Mayor Mitch Landrieu is requesting commissioners of the New Orleans Public Belt Railroad, a city-owned property, to consider putting the railroad up for sale to a private-sector operator.
CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42…
Eleanor, W. Va.-based Appalachian Railcar Services (ARS) on Friday, Jan. 9, 2015, said it has acquired BRC Rail Car Services of Lynchburg Va.
Voters in the Vancouver, B.C., metropolitan area will vote by mail between March 16 and May 29 on a half-per-cent sales tax proposal, which would be used to fund several…
Atlanta Mayor Kasim Reed announced Tuesday, Dec. 23, 2014, that the 2.7-mile Atlanta streetcar line would be officially launched for service on Dec. 30, fulfilling a pledge by the mayor…
Supporters of Detroit's M-1 (or M1) streetcar project said Tuesday, Dec. 23, 2014, that agreements had been "finalized for the second phase of an approximately $40 million total in New…
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