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Survey: Shippers expect business to grow
The average growth rate by which shippers anticipate their businesses to grow has increased, the pricing and employment outlook remains solid, and ongoing rail traffic strength has been aided only…
"Solid" 3Q earnings, revenue for Greenbrier Cos.
The Greenbrier Cos. Wednesday, July 2, 2014, reported fiscal third-quarter net earnings of $33.6 million, or $1.03 per diluted share, compared with last year's fiscal third-quarter net earnings, excluding a…
Analyst: Thumbs up to Trinity Industries buy
Trinity Industries, Inc. has announced its intent to acquire Meyer Steel Structures, a provider of tubular steel structure for electricity transmission and generation, for about $600 million.
Indiana taps vendor for Hoosier State
Indiana's Department of Transportation has selected Corridor Capital, LLC as its "preferred vendor" to manage and operate Amtrak's Hoosier State between Indianapolis and Chicago.
El Paso streetcar plan gets state funding
The Texas Transportation Commission dispensed $2.2 billion in funding Thursday, June 26, 2014, to numerous municipalities in the Lone Start State, including cities such as Houston, Dallas, and San Antonio.…
Anthony D. Kruglinski, 1947-2014
Anthony D. “Tony” Kruglinski, Founder and President of Railroad Financial Corporation and Railway Age’s long-time Financial Editor, died Sunday, June 15, at his home in West Orange, N.J., of pancreatic cancer.…
OmniTRAX lands Texas short line, site work
OmniTRAX said Thursday, June 12, 2014, it will manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Tex. As well, OmniTRAX will also develop…
Hamberger outlines industry's CBR safety strides
Addressing the Railway Age Crude By Rail Conference in Arlington, Va., Thursday, June 12, 2014, Association of American Railroads (AAR) President and CEO Edward R. Hamberger detailed the many steps…
Funds flow to KC anti-streetcar forces
A political action committee opposed to continued streetcar development in Kansas City, Mo., SmartKC, has received $20,000 from Missourians for Responsible Government to continue their fight.
2014 Railway Age Guide to Equipment Leasing
The leasing marketplace is volatile, aggressive, and hungry.
UBS: “No collapse in tank cars imminent”
“Tank car concerns are creating quite a stir,” says Eric Crawford of UBS Investment Research, commenting on the tank car market.
Greenbrier, Watco set railcar repair joint venture
The Greenbrier Cos., Inc. and Watco Companies, LLC announced early Wednesday, June 4, 2014, a new company that will create a North American network of railcar repair shops.
Newest GWI short line debuts
Genesee & Wyoming Inc.'s newest rail subsidiary, Rapid City, Pierre & Eastern Railroad, Inc. (RCP&E), began operations Sunday, June 1, 2014, as Canadian Pacific completed the sale of the line,…
OmniTRAX acquires Sand Springs Railway Co.
OmniTRAX announced Wednesday, May 28, 2014 that it is acquiring Sand Springs Railway Co., a 32-mile short line linking the railroad's namesake Oklahoma city with Tulsa, Okla.
Edmonton LRT project gets more federal funding
Edmonton's proposed Valley Line Stage 1 Light Rail Transit expansion project has been assured of C$150 million (US$138 million) by Edmonton's Parlimentary representative Rona Ambrose.
Greenbrier, Mitsubishi UFJ Lease & Finance join forces
The Greenbrier Companies, Inc. has entered into an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of…
TransCanada looks to rail as pipeline alternative
TransCanada Corp., whose Keystone XL pipeline project has been stalled by politically related delays, is in discussions with customers about shipping Canadian crude to the U.S. by rail as an…
Greenbrier: 7,000 railcars, $700 million
The Greenbrier Companies, Inc. received new orders in April and May for 7,000 railcar units valued at more than $700 million.
Short line gets new name, new owner
Hermon, Maine-based Montreal, Maine & Atlantic Railway has a new identity – Central Maine and Quebec Railway – following its purchase by Railroad Acquisisition Holdings LLC, an arm of New…
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…
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