Finance/Leasing

Two regional railroads and eight railway suppliers have joined the Association of American Railroads as Full Members and Associate Members, respectively.
Based on a “broadening demand for rolling stock, beginning-of-the-year backlogs, and continued growth in customer markets,” Economic Planning Associates, in its quarterly freight car review released Jan. 31, 2014, predicts…
CIT Group said early Monday, Feb. 3, 2014 it has acquired Paris-based Nacco SAS, "one of the largest independent full service railcar lessors in Europe."
CN issued its earnings report for the fourth quarter and full-year 2013 after the closing bell on Wall Street Thursday, Jan. 30, 2014, gaining in the quarter over the comparable…
Jacksonville, Fla.-based Florida Florida East Coast Railway, LLC (FEC) announced Thursday, Jan. 30, 2014 it will acquire 24 new ES44C4 locomotives from Erie-Pa.-based GE Transportation.
Dallas-based Trinity Industries, Inc. on Tuesday, Jan. 28, 2014 said it had closed the sale of the second tranche of leased railcars to Element Financial Corp., under the newly formed…
Canadian Pacific said it set numerous records for both its fourth quarter and full-year 2013, and offered guidance suggesting continued improvement in 2014.
Fourth-quarter railcar orders, deliveries, and backlogs showed robust activity, according to the Railway Supply Institute's American Railway Car Institute Committee (ARCI) data released Thursday, Jan. 23, 2014. Tank cars, in…
Kansas City Southern reported fourth-quarter net income of $114 million, or $1.03 per diluted share, up 12% from $93 million, or 83 cents per diluted share, in the fourth quarter…
Union Pacific said Thursday, Jan. 23, 2014 fourth-quarter 2013 earnings of $1.17 billion, or $2.55 per share, up 13% from $1.04 billion, or $2.19 per share, in the fourth quarter…
Chicago-based GATX Corp. on Thursday, Jan. 23, 2014 reported fourth-quarter 2013 earnings of $53.3 million, or $1.14 per diluted share, compared with net income of $29.7 million, or 62 cents…
Norfolk Southern Corp. Wednesday, Jan. 22, 2014 reported record fourth-quarter net income of $513 million, or $1.64 per diluted share, up 24% from $413 million, or $1.30 per diluted share,…
Beleaguered short line Montreal, Maine & Atlantic Railway (MM&A), under financial duress due to the July 6, 2013 derailment and explosion of a train in Lac-Megantic, Quebec, has signed a…
Bridgeport, N.J.-based Pandrol USA LP has announced it has acquired the CDM Track business unit, including the Resin Bonded Rubber manufacturing unit RBSI in France, from the Overijse, Belgium-based CDM.
CSX Corp. reported fourth-quarter earnings of $426 million, or 42 cents per share, down slightly from $449 million, or 44 cents per share, in the fourth quarter of 2012. That…
Famed French writer Victor Hugo said, “There is one thing stronger than all the armies in the world, and that is an idea whose time has come.” Repurposing the Railroad…
The Greenbrier Companies, Inc. on Wednesday, Jan. 8, 2014 reported net earnings of $16 million, or 51 cents per share, for its fiscal first-quarter 2014 ending Nov. 30, 2013, missing…
Hamburg, Germany-based VTG Aktiengesellschaft (VTG), a railcar leasing and rail logistics company, said Tuesday, Dec. 10, 2013 it has expanded its U.S. railcar fleet.
Trinity Industries, Inc. announced Monday, Dec. 9, 2013, a new strategic alliance with Element Financial Corp., which will work with Trinity's newly formed, wholly-owned subsidiary called TrinityRail Asset Management Co.,…
Opponents of California's high speed rail project celebrated Thanksgiving early – and, some argued, prematurely – following a court ruling barring the issuance of more than $8 billion in state…
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