Finance/Leasing

Mitsui Rail Capital, LLC (MRC) has promoted Daniel Penovich to President and Chris Gerber to Vice President of Sales and Marketing. Both MRC executives have extensive experience with MRC as…
Light rail transit plans got the backing of officials in Durham and Orange counties, N.C., on Wednesday, Aug. 13, 2014, setting the stage for a concerted effort to secure federal…
The fate of Santa Ana, Calif.'s proposed streetcar project may rest with the Orange County Transportation Authority (OCTA), which may assume responsibility for the effort as early as Monday, Aug.…
More than two years ago, this rail advocate held to the belief that "Streetcars belong. Even on the street." I maintain this belief now more than ever, in the face…
Signaling a commitment to continued subway expansion, Metropolitan Transportation Authority CEO and Chairman Thomas Prendergast has requested funding for Phase 2 of New York City Transit's Second Avenue Subway, long…
BNSF Railway, wholly owned by Omaha-based Berkshire Hathaway, Inc., has reported second-quarter net income of $916 million, up 4% from $884 million in the comparable quarter of 2013.
Based largely on an increase in demand for its tank cars and hopper cars, American Railcar Industries, Inc. (ARI) on July 30, 2014 reported record earnings and revenues for second-quarter 2014.
Riding high on a record backlog of freight car orders, Trinity Industries reported second-quarter earnings per common diluted share of $1.01—a 94% increase year-over-year—and quarterly revenue and net income of…
The New York Metropolitan Transportation Authority, which accounts for approximately 25% of all rail transit spending in the U.S., is staring at a potential $12 billion shortfall in its proposed…
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced…
Wabtec Corp. on Thursday, July 24, 2014, reported "record results" for its second quarter.
Union Pacific said Thursday, July 24, 2014 its second-quarter net earnings rose 17%, to $1.29 billion, or $1.43 per share, measured against $1.11 billion, or $1.18 per share, in the…
Norfolk Southern Corp. early Wednesday, July 23, 2014 reported "record net income" of $462 million, or diluted earnings per share of $1.79, in the second quarter. Those marks were 21%…
Rebounding from a first quarter hampered by what its CEO called the "winter of a lifetime," CN late Monday, July 21, 2014 reported second-quarter net income of C$847 million (US$789…
The Greenbrier Cos., Inc. and Watco Cos. LLC announced Monday, July 21, 2014, that they "have completed formation of their 50/50 railcar repair joint venture creating the largest independent railcar…
The Railway Supply Institute on Friday, July 18, 2014, released its railcar industry order, delivery, and backlog statistics for the second quarter, with the data showing strong growth, which one…
Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.
Canadian Pacific early Thursday, July 17, 2014, reported second-quarter net income of C$371 million (US$345 million), or C$2.11 (US$1.96) per diluted share, a record for the second quarter, and up…
CSX Corp. announced record second-quarter net earnings of $529 million, or 53 cents per share, Tuesday afternoon, July 15, 2014, after the closing bell on Wall Street. Results were up…
The San Francisco Municipal Transportation Agency (SFMTA) is set to award Siemens Mobility a contract for 261 S200 light rail transit (LRT) vehicles to replace the city's aging LRT fleet,…
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