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Metrolinx taps Wabtec for Tier 4 locomotives
Wilmerding, Pa.-based Wabtec Corp. said Tuesday, Oct. 8, 2013 its MotivePower subsidiary has signed a US$63 million contract with Canada's Metrolinx to build 10 new, low-emission locomotives.
LIRR seeks to lease diesel consists
MTA Long Island Rail Road has issued a Request for Expressions of Interest (RFEI) for diesel locomotives and trailer passenger cars, in an effort to bolster service on one branch…
2014 Railroad Financial Desk Book
Welcome to the 2014 edition of the Railroad Financial Desk Book. As regular readers know, every year we take a look back at issues and events that have impacted the…
Netherlands to AnsaldoBreda: Get your gear
Netherlands Railways has told AnsaldoBreda the Italian railcar manufacturer can pick up its 16 V250 Fyra high speed rail trains whenever it wants. NS has rejected the equipment due to…
MTA taps Kawasaki for M-9 railcar order
Kawasaki Rail Car, Inc. has been awarded a $1.8 billion contract by New York's Metropolitan Transportation Authority to supply an initial order of 92 M-9 married-pair electric multiple-unit (EMU) cars…
Continental Rail Corp. eyes freight railcar program
Continental Rail Corp., a short line and regional freight railroad holding company, announced Wednesday, Sept. 11, 2013 that it has engaged energy and infrastructure investment banking firm Taylor-DeJongh Ltd. to…
Potential suitor emerges for beleaguered MM&A
A Canadian rail group reportedly is negotiating with the State of Maine in hopes of acquiring the Montreal, Maine & Atlantic Railway, which filed for bankruptcy on Aug. 7 following…
Private equity firm acquires Nordco, Inc.
Nordco Inc. said late Monday, Aug. 19, 2013, that it has been acquired by Greenbriar Equity Group LLC, a New York-based private equity firm focused on global transportation. Terms of…
Greenbrier, CIT Rail enter into railcar maintenance agreement
The Greenbrier Companies, Inc. has signed a multi-year maintenance supply agreement to provide CIT Rail with dedicated access to repair capacity at Greenbrier’s railcar repair and parts shop in Atchison,…
Beleaguered MM&A files for bankruptcy
Montreal, Maine & Atlantic Railway (MM&A), operator of the runaway crude oil train involved in the July 6 derailment and explosion at Lac-Mégantic, Quebec, that killed 47 people, announced on…
Norfolk Southern: Anticipate, adapt, accomplish
The goal of capital expenditures is to link investments to the quality of the transportation product, generating increased customer satisfaction. Perhaps no railroad does it better than Norfolk Southern.
Better 2Q for L.B. Foster in 2013
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the…
The Andersons acquiring railcar repair operation
The Andersons, Inc. announced Monday, Aug. 5, 2013, that it has entered into an agreement to acquire Mile Rail, LLC, a railcar repair and cleaning company headquartered in Kansas City, Mo.
FreightCar America marks 2Q loss
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2,…
Bombardier Transportation aids parent’s 2Q
Bombardier Inc. reported Thursday, Aug. 1, 2013, that adjusted net income for the company's second quarter was US$158 million, or nine U.S. cents per share, in line with Wall Street…
Genesee & Wyoming 2Q earnings shine
Genesee & Wyoming, Inc. early Thursday, Aug. 1, 2013, reported earnings of $65.1 million, or $1.14 per diluted share, for the second quarter of 2013, up from $36.4 million, or…
Trinity Industries 2Q beats Street
Trinity Industries, Inc. late Wednesday, July 31, 2013, posted second-quarter earnings of $84 million, or $1.06 per share, surpassing second-quarter 2012 income of $67.8 million, or 84 cents per share.
Record 2Q sales, earnings for Wabtec
Wabtec Corp. reported record second-quarter earnings and revenue Thursday, July 25, 2013, spurred by what the company said was strong performance in its Transit Group.
American Railcar Industries logs strong 2Q
American Railcar Industries, Inc. (ARI) reported second-quarter earnings of $23.6 million, or $1.11 per share, late Wednesday, July 24, 2013, following the close of trading on the New York Stock…
CP sets record 2Q earnings, operating ratio
Canadian Pacific on Wednesday, July 24, 2013 reported record second-quarter net income of C$252 million, or C$1.43 per diluted share, taking pains to also note a record operating ratio of…
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