Finance/Leasing

Kansas City Southern reported net income in its 2014 first quarter of $94 million, or 85 cents per diluted share, slipping from $104 million, or 94 cents per diluted share,…
CSX Corp. announced late Tuesday, April 15, 2014 first-quarter net earnings of $398 million, or 40 cents per share, down from $462 million, or 45 cents per share, in the…
Fairfield, Conn.-based General Electric Co. said Friday, April 4, 2014 it sees no route for purchasing Ansaldo STS from parent Finmeccanica S.p.A.
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Lake Oswego, Ore.-based The Greenbrier Cos., Inc. reported second-quarter earnings Thursday, April 3, 2014, with gains in revenue and earnings measured against the comparable quarter in 2013. But Wall Street…
Efforts led by Cincinnati Mayor John Cranley last December to scuttle the city's initial streetcar line generated much discussion on the cost of delay, let alone abandonment. The delay's cost,…
Driven by orders for light rail transit (LRT) and streetcar vehicles, CAF USA has announced plans to expand its manufacturing capabilities in Elmira Heights, N.Y.
Ontario Premier Kathleen Wynne has pledged that the province's upcoming fiscal budget will include a dedicated transit fund, though sources for such a fund remain unclear, given that Wynne has…
Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa…
Oregon's Department of Transportation announced Friday, March 7, 2014, that it will abandon planning efforts for the controversial Columbia River Crossing project, citing the Oregon state legislature decision not to…
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay…
BNSF has reported operating income for the fourth quarter of 2013 of $1.88 billion, up 15% from $164 billion in income in the fourth quarter of 2012. Income for the…
The Greenbrier Cos., Inc. said Monday, March 3, 2014 it has received "new orders in the second fiscal quarter ended February 28, 2014 for 5,600 railcar units valued at approximately…
St. Louis-based RR Mergers & Acquisitions on Thursday, Feb. 27, 2014, said it has sold J&A Industries to B & B Roadway and Security Solutions.
President Obama on Wednesday, Feb. 26, 2014, called for a four-year, $302 billion investment in U.S. infrastructure, primarily targeting repair and rehabilitation of existing assets.
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…
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