Finance/Leasing

Los Angeles County Metropolitan Transportation Authority (LACMTA) officials and other transport personnel welcomed a $670 million federal grant aiding a Downtown Regional Connector, scheduled to open in 2020.
St. Charles, Mo.-based American Railcar Industries says it recorded record earnings for the full year of 2013, and a 3% rise in consolidated earnings during the fourth quarter compared with…
Dallas-based Trinity Industries late Wednesday, Feb. 19, 2014, reported fourth-quarter net income of $112.8 million, or $1.44 per share, up from $71.3 million, or 90 cents a share, in the…
Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million,…
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss…
West Brookfield, Mass.-based freight car lessor Boxcar Services LLC has 
merged with Vertex Rail Technologies LLC to form Vertex Rail
 Manufacturing. Beginning in second-quarter 2014, Vertex Rail will
 manufacture tank…
Two regional railroads and eight railway suppliers have joined the Association of American Railroads as Full Members and Associate Members, respectively.
Based on a “broadening demand for rolling stock, beginning-of-the-year backlogs, and continued growth in customer markets,” Economic Planning Associates, in its quarterly freight car review released Jan. 31, 2014, predicts…
CIT Group said early Monday, Feb. 3, 2014 it has acquired Paris-based Nacco SAS, "one of the largest independent full service railcar lessors in Europe."
CN issued its earnings report for the fourth quarter and full-year 2013 after the closing bell on Wall Street Thursday, Jan. 30, 2014, gaining in the quarter over the comparable…
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