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Midyear Report: Why investors turn to rail
Union Pacific’s record $3.7 billion in capital expenditures in 2012 returned quick dividends, and resulted in the 151-year-old railroad’s best year for its investors.
Obituary: Isabel H. Benham, 103
Isabel Hamilton Benham, who died May 18, 2013, at the age of 103, was a formidable and influential presence in railroad affairs on Wall Street for much of the 20th Century. She…
Equipment leasing: The best of times?
The good news is obvious; the bad news is actually hard to find.
AMT, CN in talks on Deux-Montagnes line
CN is holding discussions with Montreal's Agence metropolitaine de transport (AMT) on the possible sale of CN's Deux-Montagnes line, including the Mount Royal tunnel, used by AMT regional trains.
New investment capital for Iowa Pacific
Iowa Pacific Holdings, LLC announced on May 10 that it has reached a preliminary understanding with two institutional investors for up to $35 million of new capital that will be…
FreightCar America notes 1Q earnings loss
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared…
GWI marks 1Q earnings, new headquarters
Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain…
For Trinity, a record railcar backlog
Trinity Industries, Inc., in announcing earnings results for the first quarter ended March 31, 2013, noted that the company’s Rail Group received orders for 14,505 new railcars during the first…
GATX 1Q results slip; railcar leasing is “strong”
GATX Corp. Thursday reported first-quarter net income of $27.1 million, or 57 cents per diluted share, down from $30.3 million, or 64 cents per diluted share, in the first quarter…
ARI 1Q earnings rise
American Railcar Industries late Wednesday reported first-quarter net earnings of $17.9 million for its first quarter ended March 31, up a substantial 49% from the prior-year quarter, mostly on strong…
Wabtec reports solid 1Q results
Wabtec Corp. Wednesday morning reported net income from operations of $104 million, or earnings of $1.44 per diluted share, for the first quarter of 2013, up 18% from the same…
CP touts “best ever” first quarter
Canadian Pacific early Wednesday reported first-quarter net income of C$217 million, or C$1.24 per diluted share, up sharply from C$142 million, or 82 Canadian cents per share, in the first…
NS 1Q earnings rise
Norfolk Southern Corp. Tuesday afternoon reported a first-quarter 2013 net profit of $450 million, or $1.41 a share, up from $410 million, or $1.23 a share, in the first quarter of…
CN 1Q earnings slip but beat Street
CN Monday reported first-quarter net income of C$555 million, or C$1.30 per diluted share, down from net income of C$775 million, or C$1.75 per diluted share, in the first-quarter of…
KCS sets record 1Q revenue; earnings beat Street
Kansas City Southern early Friday reported first-quarter revenue of $553 million, up 1% from the comparable quarter in 2012 and a record. Net income was $94 million, or 94 cents…
UP 1Q earnings beat Street
Union Pacific Thursday reported net income of $957 million, or $2.03 per share, in the first quarter of 2013, up from $863 million, or $1.79 a share, in the first…
CSX touts record 1Q earnings
CSX Corp. late Tuesday said it notched earnings of $459 million, or 45 cents per share, in the first quarter, up from $449 million, or 43 cents per share, in…
KCS sees stronger traffic in 2013 and beyond
In the company's annual report, just released, Kansas City Southern President and Chief Executive Officer David L. Starling and Executive Chairman Michael R. Haverty say they view 2013 as a…
GWI 1Q traffic gains
Genesee & Wyoming Inc. Thursday reported results for March and first-quarter traffic, in part based on comparing its current numbers to 2012 results as if its acquisition of RailAmerica were…
Greenbrier Cos. 2Q earnings fall, but beat Street
Lake Oswego, Ore.-based The Greenbrier Cos. Thursday reported net earnings of $13.8 million, or 45 cents per diluted share, in its second fiscal quarter ending Feb. 28, 2013. That was…
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