Finance/Leasing

Norfolk Southern Wednesday, Oct. 23, 2013 reported third-quarter net income of 482 million, up 20% from the $402 million reported in the third quarter of 2012. Diluted earnings per share were…
Canadian Pacific early Wednesday, Oct. 23, 2013, reported third-quarter net income of C$324 million (US$312.5 million), or C$1.84 (US$1.77) per diluted share, noting it was a record. Results beat CP's…
CN on Tuesday, Oct. 22, 2013, reported third-quarter net income of C$705 million (US$685 million), or C$1.67 (US$1.62) per diluted share, up about 6% from C$664 million, or C$1.52 per…
A strong backlog of manufactured goods orders, including locomotives and jet engines, helped drive third-quarter earnings for Fairfield, Conn.-based General Electric Co., which reported financial results Friday, Oct. 18, 2013.
Kansas City Southern Friday, Oct. 18, 2013 reported third-quarter net income of $119 million, or $1.07 per diluted share, up from $91 million, or 82 cents per diluted share, in…
Union Pacific Corp. reported third-quarter net income of $1.15 billion, or $2.48 per share, Thursday, Oct. 17, 2013, up 10% from $1 billion, or $2.19 per share, in the third quarter…
CSX Corp. Tuesday, Oct. 15, 2013 reported third-quarter net earnings of $463 million, or 46 cents per share, up from $455 million, or 44 cents per share, in the third quarter of…
Eastern Fluid Power Inc. and FTD Fahrzeugtechnik Bahnen Dessau GmbH have joined the Association of American Railroads as Silver Associate Members.
Wilmerding, Pa.-based Wabtec Corp. said Tuesday, Oct. 8, 2013 its MotivePower subsidiary has signed a US$63 million contract with Canada's Metrolinx to build 10 new, low-emission locomotives.
MTA Long Island Rail Road has issued a Request for Expressions of Interest (RFEI) for diesel locomotives and trailer passenger cars, in an effort to bolster service on one branch…
Welcome to the 2014 edition of the Railroad Financial Desk Book. As regular readers know, every year we take a look back at issues and events that have impacted the…
Netherlands Railways has told AnsaldoBreda the Italian railcar manufacturer can pick up its 16 V250 Fyra high speed rail trains whenever it wants. NS has rejected the equipment due to…
Kawasaki Rail Car, Inc. has been awarded a $1.8 billion contract by New York's Metropolitan Transportation Authority to supply an initial order of 92 M-9 married-pair electric multiple-unit (EMU) cars…
Continental Rail Corp., a short line and regional freight railroad holding company, announced Wednesday, Sept. 11, 2013 that it has engaged energy and infrastructure investment banking firm Taylor-DeJongh Ltd. to…
A Canadian rail group reportedly is negotiating with the State of Maine in hopes of acquiring the Montreal, Maine & Atlantic Railway, which filed for bankruptcy on Aug. 7 following…
Nordco Inc. said late Monday, Aug. 19, 2013, that it has been acquired by Greenbriar Equity Group LLC, a New York-based private equity firm focused on global transportation. Terms of…
The Greenbrier Companies, Inc. has signed a multi-year maintenance supply agreement to provide CIT Rail with dedicated access to repair capacity at Greenbrier’s railcar repair and parts shop in Atchison,…
Montreal, Maine & Atlantic Railway (MM&A), operator of the runaway crude oil train involved in the July 6 derailment and explosion at Lac-Mégantic, Quebec, that killed 47 people, announced on…
The goal of capital expenditures is to link investments to the quality of the transportation product, generating increased customer satisfaction. Perhaps no railroad does it better than Norfolk Southern.
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the…
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