Finance/Leasing

As this is written, much of the railroad world awaits the Thursday, May 17, vote by Canadian Pacific share owners. Early book betting says that insurgent hedge fund Pershing Square…
Amtrak's Downeaster expansion reached a milestone Monday with the official completion of new station platforms in Brunswick and Freeport, Me., which have not seen passenger rail service since 1959.
L.B. Foster Co., an infrastructure products supplier, announced Monday that the will sell its railway securement business in a transaction scheduled for completion at mid-year.
Amtrak's Gateway Tunnel project, designed to add rail capacity on the Northeast Corridor under the Hudson River, will get its "fair share" of fiscal support from New Jersey, the state's…
San Francisco-based SteelRiver Infrastructure Partners, an independent investment management firm, said Tuesday it will acquire 100% of the capital stock of Patriot Rail Corp. The firm will make the purchase…
FreightCar America delivered 2,613 freight cars in the first quarter of  2012, compared with 875 in the first quarter of 2011 and 2,489 in the fourth quarter of 2011. New orders…
Fitch Ratings says it views "weak year-to-date rail volume trends as a reflection of fundamental shifts in demand patterns for key industrial commodities as domestic production of unconventional oil and gas resources continues…
Berkshire Hathaway reported at its annual meeting that first-quarter earnings included $701 million from BNSF Railway compared with $607 million in the year-earlier quarter, as rising shipments of manufactured foods made…
It's been a hard climb, but Austin's relatively small MetroRail transit service—built and operated since March 2010 by Capital Metro—is finally starting to prove its worth.
Rockwall, Tex.-based Whitmore Manufacturing Co., a producer of component protection technology, announced Monday it has acquired QHi Rail Ltd., a British-based manufacturer of gauge face and Top of the Rail…
Wabtec Corp's MotivePower subsidiary will build 10 locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL Australia Pty. Ltd. and Marubeni Corp. of Tokyo, the company announced Tuesday.
L.B. Foster Co., which supplies and distributes products and services for rail, construction, energy, and utility markets, has reported net income of $3.4 million or 33 cents per diluted share,…
Genesee & Wyoming Inc. early Tuesday reported net income in the first quarter of 2012 of $22.2 million, up from $22.1 million in the first quarter of 2011. GWI's diluted…
Amtrak on Monday publicly unveiled its Amtrak Fleet Strategy Plan Version 3.1, an 82-page document designed to explain Amtrak's desire to implement a systematic approach to replacing the carrier's aged…
Dallas-based Trinity Industries Inc., aided by its Rail Group, late Wednesday reported a first-quarter net profit of $52.9 million or 66 cents per share, compared with $24.2 million, or 30…
GATX Corp. reported Thursday that its Rail segment earned a profit of $58.6 million in the first quarter of 2012 vs. $51.6 million in the year-ago quarter. GATX said the improvement was…
RailAmerica, Inc. reported late Wednesday that first-quarter revenue increased 15% to $143.4 million from $124.9 million in the first quarter last year. 2011. Freight revenue increased 10% to $107.8 million with average revenue…
The U.S. Department of Transportation has issued a $551 million Request for Proposals (RFP) for 130 new “standardized” bilevel passenger railcars for use on Amtrak’s intercity routes in California, Illinois,…
Erie, Pa.-based GE Transportation Friday reported a "segment profit" of $232 million in the first quarter of 2012, up 48% from the same quarter a year ago. Revenue of $1.3…
Canadian Pacific Railway early Friday announced stellar first-quarter net income of C$142 million, up C$108 million, or 318%, from the first quarter of 2011. Diluted earnings per share did nearly…
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