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Virginia Beach, state reach LRT accord
Light rail transit, and not urban maglev service, is the more likely transit development for Virginia Beach, Va., following an informal agreement reached late last week between the city's mayor…
GE seeks to acquire Alstom energy business, would leave Transport sector alone
General Electric, having given up on its efforts to acquire Ansaldo STS from Italian conglomerate Finmeccanica, is reportedly in negotiations with Alstom over a $13 billion takeover of the French…
GATX EPS beats Wall Street consensus estimate
GATX Corp. on Thursday, April 24, 2014, reported $0.82 earnings per share (EPS) for first-quarter 2014, beating Wall Street’s consensus estimate of $0.76 by $0.06.
KCS: Record revenue, good earnings in 1Q
Kansas City Southern reported net income in its 2014 first quarter of $94 million, or 85 cents per diluted share, slipping from $104 million, or 94 cents per diluted share,…
CSX 1Q earnings slip, but beat Street
CSX Corp. announced late Tuesday, April 15, 2014 first-quarter net earnings of $398 million, or 40 cents per share, down from $462 million, or 45 cents per share, in the…
GE nixes possible Ansaldo STS purchase
Fairfield, Conn.-based General Electric Co. said Friday, April 4, 2014 it sees no route for purchasing Ansaldo STS from parent Finmeccanica S.p.A.
Rail Equipment Finance 2014 roundup
For those of you unable to join the more than 400 attendees at Rail Equipment Finance 2014, “Financial Edge” is here to help.
Greenbrier Cos. 2Q earnings disappoint Street
Lake Oswego, Ore.-based The Greenbrier Cos., Inc. reported second-quarter earnings Thursday, April 3, 2014, with gains in revenue and earnings measured against the comparable quarter in 2013. But Wall Street…
Cincinnati streetcar delay costs nearly $1 million
Efforts led by Cincinnati Mayor John Cranley last December to scuttle the city's initial streetcar line generated much discussion on the cost of delay, let alone abandonment. The delay's cost,…
CAF USA to expand New York State plant
Driven by orders for light rail transit (LRT) and streetcar vehicles, CAF USA has announced plans to expand its manufacturing capabilities in Elmira Heights, N.Y.
Ontario premier affirms transit fund
Ontario Premier Kathleen Wynne has pledged that the province's upcoming fiscal budget will include a dedicated transit fund, though sources for such a fund remain unclear, given that Wynne has…
Transnet: 1,064 locomotives, $5 billion
Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa…
Oregon scuttles CRC bridge plans
Oregon's Department of Transportation announced Friday, March 7, 2014, that it will abandon planning efforts for the controversial Columbia River Crossing project, citing the Oregon state legislature decision not to…
REF 2014: What’s moving in what, and why
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay…
BNSF cites good 4Q, full-year results
BNSF has reported operating income for the fourth quarter of 2013 of $1.88 billion, up 15% from $164 billion in income in the fourth quarter of 2012. Income for the…
Greenbrier cites 2Q tally of 5,600 railcars
The Greenbrier Cos., Inc. said Monday, March 3, 2014 it has received "new orders in the second fiscal quarter ended February 28, 2014 for 5,600 railcar units valued at approximately…
RR Mergers sets sale of signal subsidiary
St. Louis-based RR Mergers & Acquisitions on Thursday, Feb. 27, 2014, said it has sold J&A Industries to B & B Roadway and Security Solutions.
President proposes infrastructure package
President Obama on Wednesday, Feb. 26, 2014, called for a four-year, $302 billion investment in U.S. infrastructure, primarily targeting repair and rehabilitation of existing assets.
Fed funds boost LA LRT Regional Connector
Los Angeles County Metropolitan Transportation Authority (LACMTA) officials and other transport personnel welcomed a $670 million federal grant aiding a Downtown Regional Connector, scheduled to open in 2020.
ARI: Record earnings in 2013
St. Charles, Mo.-based American Railcar Industries says it recorded record earnings for the full year of 2013, and a 3% rise in consolidated earnings during the fourth quarter compared with…
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