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Oil and gas drive hot leasing market
Halfway into the year, North America’s railcar lessors have a hot marketplace on their hands for cars destined for oil and gas industry service. This has translated into significant new…
CP names Paul Haggis new chairman
Canadian Pacific Tuesday said it has named Paul Haggis as its new chairman.
ProTran lands Brazilian contract
ProTran Technology says it was awarded its first major contract from Brazil's Belo Horizonte Metro for the "Protracker / PTC" track worker protection overlay system for advance warning of approaching…
L.B. Foster finalizes business division sale
L.B. Foster Co. on Monday noted the completion of the sale of its railway securement business to Holland, L.P.
Regional Rail LLC acquires recycling company
Regional Rail, LLC says it has acquired a construction and demolition debris (C&D) rail-served transfer station in Conshohocken, Pa.
CIT announces orders for 3,500 railcars
CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
What’s lowering railcar rents?
A perfect storm of interest rate, tax, and market factors is driving down the rents for many of today’s railcar users to historic lows. Low interest rates are contributing to…
CP urges Teamsters to renew negotiations
Canadian Pacific on Tuesday again asked the Teamsters Canada Rail Conference to let striking workers return to their jobs "and stop the damage the union is unnecessarily causing to CP customers' businesses…
RailAmerica discusses possible sale
RailAmerica Inc., which owns 45 small railroads that operate approximately 7,500 miles of track in North America, disclosed late Tuesday that it is considering selling the company and has entered into talks with…
Tony Kruglinski joins Railway Age bloggers
Tony Kruglinski added his prestigious credentials to Railway Age's stable of bloggers this week, offering his expertise on railroad financing/leasing.
GE signs MOU for Kazakhstan diesel plant
Erie, Pa.-based GE Transportation on Wednesday said it has signed a Memorandum of Understanding with TransMashDiesel and JSC National Company Kazakhstan Temir Zholy (KTZ) to establish a diesel engine manufacturing…
GATX unit will lease railcars in India
GATX Corp. announced Tuesday that its subsidiary, GATX India Private Limited (GIPL), has entered the Indian marketplace with the purchase of 450 container flat cars.
Alstom absorbs DB share of joint venture
Alstom said Tuesday it and DB Mobility Network Logistics AG have signed a contract for the takeover of the 49% stake held by DB Mobility Network Logistics AG in the…
CP turnaround: How soon, how strong?
Now that Canadian Pacific Railway is under new management, how soon can shareholders expect to reap the rewards promised hedge fund investor William Ackman during a long proxy fight?
LRIW announces 2012 scholarship
The League of Railway Industry Women (LRIW) announced its 2012 College Scholarship Program, which will award three separate scholarships to well-qualified students.
Wall Street rewards CP stock
Investors on Wall Street, watching events at Canadian Pacific carefully throughout the week, continued to reward the company Thursday for its apparent—and now affirmed—shakeup of CP's Board of Directors.
CP’s Green, five directors step down from Board
In a sweeping move, Canadian Pacific early Thursday announced not only the departure of President and CEO Fred Green—a move widely expected—but also the declaration of six existing directors not…
CP in the time of E. Hunter Harrison
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…
FRA notes Downeaster expansion milestone
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 selling securement unit
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.
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