Finance/Leasing

Canadian Pacific Railway announced Wednesday that it earned net income of C$103 million (roughly US$101 million) and diluted earnings per share of 60 Canadian cents, "inclusive of the negative impact of…
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to…
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second…
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter…
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22…
CSX Corp. late Tuesday announced second-quarter net earnings of $512 million, or $0.49 per share, versus $506 million, or 46 cents per share, in the same period last year—a 7%…
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
It troubles me to say this, but the new railcar building marketplace, on which I reported here just over a month ago, is still smoking hot! Why am I troubled?…
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
MAP-21, Moving Ahead for Progress in the 21st Century, is the latest "ISTEA" transportation funding measure approved by Congress June 29, laying out $127 billion in federal ground transport funding…
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
Greenbrier reported Thursday that revenue for its third fiscal quarter reached a record $507.8 million, up 11% from $458.2 million in the second quarter and up 60% from $317.3 million in the…
The Port of Corpus Christi Authority (POCCA) has received a $10 million federal grant toward its Nueces River Rail Yard Expansion project. The grant comes from the Transportation Investment Generating…
Blaine Emerson Capehart, a key member of Capehart Scatchard, died June 23 at age 104.
Most years when we tackle this special issue on leasing, we lead with an article on “operating” leasing. We do this because many of our readers are operating lessors or…
Grain car lessors are reporting an extremely soft market for all but the largest of jumbo covered hoppers. (The jumbos are working and we couldn't find any lessors that have…
Greenwich, Conn.-based Genesee & Wyoming Inc. Wednesday said its May traffic volume declined 4.6% compared with May 2011.
Pennsylvania's Lycoming Valley Railroad will be the beneficiary of a new industry track construction project near Muncy, Pa. The project involves building 2,300 feet of new track and restoring another…
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