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OmniTRAX acquires Illinois short line
OmniTRAX announced Monday, Feb, 23, 2015 that its affiliate, Peru Industrial Railroad, Inc., is purchasing Peru Rail Line from the short line’s namesake Illinois City.
Bombardier makes fiscal, personnel moves
Bombardier said Thursday, Feb. 19, 2015 that it will raise C$750 million (about US$600 million) through the sale of 339.4 million subscription receipts to a syndicate of underwriters, in order…
ARI 4Q earnings disappoint Street
St. Charles. Mo.-based American Railcar Industries Inc. reported fourth-quarter net income of $22.7 million, or $1.06 per share, late Wednesday, Feb. 18, 2015, after the closing bell on Wall Street.…
Trinity Industries reports good 4Q, 2014
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as "solid" results.
FreightCar America 4Q, full-year results shine
FreightCar America reported its fourth-quarter and full-year 2014 results Tuesday, Feb. 17, 2015, after the closing bell on Wall Street, highlighted by positive net earnings in 2013 compared with a…
Wabtec touts record results for 2014
Wabtec Corp. on Wednesday, Feb. 18, 32015, reported record results for 2014, with expectations of repeating the accomplishment in 2015.
Metrolinx RFI eyes EMU and locomotive options
Greater Toronto and Hamilton Area agency Metrolinx has issued a Request for Information (RFI) spanning a range of propulsion options for future GO Transit equipment, including electric multiple-units (EMUs), electric…
CP CFO Bart Demosky to step down in May
Canadian Pacific Executive Vice President and Chief Financial Officer Bart W. Demosky has decided to leave the company effective May 31, 2015, after a little more than one year in…
Good fourth-quarter numbers for G&W
Genesee & Wyoming Inc. on Tuesday, Feb. 10, 2015 reported improved fourth-quarter earnings and revenue, helping the company's full-year results recover from what it called a "slow start to 2014…
Scarborough LRT cancelation cost cited
The indecision involving the type of rail mode for Toronto's Scarborough Line has now been assigned a specific cost: C$75 million (US$60 million), roughly C$10 million less than high-end estimates.
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