Finance/Leasing

FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net…
GE Transportation, Locorail, and Yakutia Railways in Russia announced Friday a Memorandum of Understanding "to explore the possibility of forming a strategic relationship to modernize diesel electric locomotives."
New Colombia Resources, Inc. announced in Coral Springs, Fla., Thursday its plans for a public-private partnership with the Agencia Nacional de Infraestructura (ANI) of Colombia to build a $359 million railroad to…
Canadian Pacific Tuesday morning announced fourth-quarter diluted per share earnings of C$1.28, exclusive of “significant items,” up 15% from C$1.11 diluted per share earnings, also exclusive of such items, in…
Norfolk Southern Monday disclosed its intent to invest $2 billion in 2013 for capital improvements. The largest portion of that amount, $831 million, will be for rail right-of-way upgrades, the company…
CSX Corp. Tuesday afternoon reported fourth-quarter 2012 net earnings of $443 million, or 43 cents per share, compared with $457 million, or 43 cents per share, in the comparable 2011…
Norfolk Southern Corp. Tuesday afternoon reported fourth-quarter 2012 net income of $413 million, or $1.30 per diluted share, compared with $480 million, or $1.42 per diluted share, earned in the fourth quarter of…
Canadian National Tuesday reported fourth-quarter earnings of C$610 million (US$614 million), of C$1.41 per share, up from C$592 million, or C$1.32 a share, in the fourth quarter of 2011. Earnings…
GE Transportation's fourth-quarter results included $252 million in earnings, or "segment profits," in the fourth quarter, up 11.5% from $226 million in the comparable 2011 quarter.
Valero Energy Corp., billed as the world's largest independent refiner, plans to purchase 2,000 tank cars to increase shipment of crude oil to inland U.S. locations.
Reports from Boston-area print and television media Friday say Massachusetts Bay Transportation Authority (MBTA) is running short of patience over continuing delays of bilevel rail passenger equipment deliveries from Hyundai…
Lathi, Finland-based Teknoware Oy has acquired the assets and the name of Trans-Lite Inc. , a supplier of lighting systems for the rail industry in the U.S.
The Greenbrier Cos. early Wednesday reported its fiscal first-quarter results for the period ending Nov. 30, 2012, and indicated satisfaction with the outcome.
The Surface Transportation Board (STB) has approved Genesee & Wyoming Inc.’s application to control RailAmerica, Inc., and the RailAmerica railroads, effective Dec. 28, 2012.
The Greenbrier Companies has firmly rejected Carl Icahn-led American Railcar Industries’ conditional proposal to acquire Greenbrier for $22 per share. The offer “is unacceptable and not in the best interests…
The Greenbrier Companies, one of only a handful of remaining domestic railcar manufacturing companies, late yesterday said that Carl Icahn’s current attempt to have American Railcar Industries (ARI), of which…
American Railcar Industries Inc., controlled by well-known investor Carl Icahn, has offered to buy Lake Oswego, Ore.-based The Greenbrier Cos. Inc. for about $543 million.
Invensys announced late Wednesday it will sell Invensys Rail to Siemens AG for $2.8 billion.
The Greenbrier Cos. late Tuesday affirmed that "Carl C. Icahn and Reporting Persons affiliated with him have acquired 9.99% of the outstanding Common Stock of Greenbrier."
Sasser Family Holdings Inc., a fourth-generation, family-held transportation asset services and management company with roots dating back to 1928, has named Shad Peterson as President. 
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