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Met Council touts Green Line economic impact
St. Paul, Minn.'s yet-to-open Green Line (Central Corridor LRT project) is being credited with "at least $2.5 billion worth of new construction and redevelopment projects" by the Metropolitan Council, overseeing public…
Atlanta, MARTA to jointly operate streetcar
Choosing an option preferred by some other U.S. cities redeploying streetcars within their borders, Atlanta on Tuesday, May 13, 2014 said it would share direct operational responsibility of its new…
Class action suit targets KCS
Kansas City Southern appears to have become the target of shareholder class action, including from a law firm claiming the Class I railroad "and certain of its executive officers made…
CSX CFO: Growth modest in 2014, robust in 2015
Despite the difficult winter conditions of the first quarter, CSX is positioned to capitalize on underlying economic strength and market opportunities in the balance of 2014 to grow earnings, Fredrik…
NS CEO Moorman: Outlook good for 2014
Norfolk Southern CEO Wick Moorman, addressing the company's annual meeting in Williamsburg, Va., gave company shareholders numerous reasons for continued optimism following a year that contained what NS hails as…
FCA cites winter weather for 1Q woes
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
GWI cites weather impact on 1Q earnings
Genesee & Wyoming, Inc. on Thursday, May 1, 2014, cited "severe winter weather" as a primary factor disrupting its first-quarter earnings and revenue.
Freight car forecast: 62,300 units in 2014
Economic Planning Associates has made a modest upward revision to its freight car deliveries estimate for 2014, to 62,300 units. This number, EPA said, “is based on first-quarter 2014’s strength…
ARI profitable 1Q fails to beat Street
American Railcar Industries, Inc. reported a first-quarter profit of $20.8 million, or 97 cents per share, late Wednesday, April 30, 2014, after the closing bell on Wall Street. compared with…
MTA HQ tests energy storage system
New York's Metropolitan Transportation Authority (MTA) has officially launched a "next-generation energy storage system," designed to allow the agency to function in the event of power disruptions from various sources.
Trinity Industries record 1Q beats Street
Trinity Industries on Tuesday, April 29, 2014, reported record net income of $226.4 million, or $2.85 per share, during its first quarter, up substantially from $79.1 million, or 99 cents…
RAIL.ONE opens Iowa rail tie plant
RAIL.ONE USA Corp. on Tuesday, April 29, 2014, held an opening ceremony for a $22 million concrete rail tie plant in Clinton, Iowa, located within the city's Lincolnway Railport.
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.
Wabtec reports record first quarter
Wabtec Corp. on Wednesday, April 22, 2014 reported record results for first-quarter 2014 and affirmed its 2014 guidance for earnings per diluted share of about $3.45, with revenues expected to…
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.
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