Finance/Leasing

The New York Metropolitan Transportation Authority announced on Tuesday — the first anniversary of Tropical Storm Irene's visit to MTA's properties — that it continues to work "diligently towards maximizing…
Class I railroads in the 12-month period ended June 30 earned consolidated net income of $11.9 billion on an increase of 0.58% in traffic (1.7 trillion revenue ton miles of freight)…
L.B. Foster Co. on Wednesday said its second-quarter 2012 earnings and sales declined relative to the comparable quarter in 2011, but noted a solid backlog for rail product orders and…
FreightCar America, Inc. on Monday reported second-quarter revenue of $181.2 million and net income of $5.6 million, or 46 cents per diluted share, compared with revenue of $97.6 million and…
Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
The Wall Street Journal has named Union Pacific Chief Financial Officer Rob Knight to its “Best CFOs of 2012 List.” Knight, CFO since 2004, is the only transportation sector CFO…
American Railcar Industries, Inc. late Wednesday said its second-quarter consolidated earnings from operations set a new quarterly record of $26.0 million, more than triple the $8.2 million for the second…
RailAmerica, Inc. has reported second-quarter 2012 net income of $11.4 million, or 23 cents per diluted share, compared to net income of $8.7 million, or 17 cents per diluted share, in…
Canadian Pacific Railway announced Wednesday that it earned net income of C$103 million (roughly US$101 million) and diluted earnings per share of 60 Canadian cents, "inclusive of the negative impact of…
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
Greenwich, Conn.-based Genesee & Wyoming Inc. said Monday it has entered into an agreement to acquire Jacksonville, Fla.-based RailAmerica, Inc. The all-cash acquisition, at $27.50 per share, would amount to…
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second…
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter…
Union Pacific Thursday reported second-quarter earnings of $1 billion, or $2.01 per share, up 28% from $785 million in the second quarter of 2011. Earnings, along with revenue of $5.22…
CSX Corp. late Tuesday announced second-quarter net earnings of $512 million, or $0.49 per share, versus $506 million, or 46 cents per share, in the same period last year—a 7%…
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
It troubles me to say this, but the new railcar building marketplace, on which I reported here just over a month ago, is still smoking hot! Why am I troubled?…
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
MAP-21, Moving Ahead for Progress in the 21st Century, is the latest "ISTEA" transportation funding measure approved by Congress June 29, laying out $127 billion in federal ground transport funding…
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