1 Finance/Leasing | Railway Age

Examining the financial crisis fallout

There are unanswered questions about regulatory changes and a shrinking operating lessor pool. As readers of this column already know, the rail industry has enjoyed more than 30 years of…

Hedge fund touts talks with CP

Hedge fund Pershing Square Capital Management, led by activist investor William Ackman, said Thursday it has held “productive” discussions with Canadian Pacific Railway.

Unstoppable?

With all due respect to Denzel Washington and Chris Pine, the railroad stocks may be the things that are unstoppable and not just the exaggerated Hollywood freight train story.

Canadian Pacific sells $500 million in debt

Canadian Pacific Railway Ltd. announced Tuesday that that subsidiary Canadian Pacific Railway Co. is issuing: US$250 million of 4.50% Notes due 2022 and US$250 million of 5.75% Notes due 2042.…

What gives with these full order books?

A good friend of mine who practices transportation finance in London, Jacqui Nelson, recently asked me about the condition of the U.S. economy. She reported that the “City” of London…

Cincinnati eyes TIGER funds for streetcar

Supporters of Cincinnati’s streetcar proposal, coming off an Election Day victory fending off the proposal’s opponents, reportedly now hope to obtain $56 million in federal funds to restore the full…

Cincinnati streetcar survives anti-rail effort

A majority of Cincinnati voters Tuesday stood by current plans to reintroduce streetcars to the city, rejecting Issue 48, a ballot measure that would have banned any city funds to…

Matt Rose and Warren Buffett: Managing the business

According to information in BNSF's 10Q quarterly filing at the Securities and Exchange Commission, the company paid a dividend of $250 million to Warren Buffett, its only stockholder. Some analysts…

2012 Railroad Financial Desk Book: Stability

Welcome to this year’s edition of the Railroad Financial Desk Book. Each year we try our best to take a look back and a look forward to see if we…

A primer, of sorts, for operating lessors

I’m sitting here during the Dog Days of summer recuperating from major surgery as well as the experience of advising one of the potential purchasers of GE’s railcar leasing business,…

Investors focus on pricing power

The economic downturn brought a great deal of hardship to carriers across the supply chain. Many shippers took the opportunity to re-bid their trucking contracts out of cycle, placing even…

Fifth Third Bank invests in experience

In October 2010 Fifth Third Bank did what we wish every bank would do: It hired a rail finance veteran to head its Surface Transportation Division. Rob Hart is a…

Railroads at Midyear: New gains, new challenges

Ever since Warren Buffett gave his blessing to railroads by buying one, financial analysts and pundits have been examining this 175-year-old industry for clues to its re-emergence as a savvy…

Keeping rolling stock rolling

How Union Pacific achieved a record 8.6-day car cycle time. For many years, freight car shortages plagued the railroad industry.

2011 Guide to Equipment Leasing

The view from the top Before we move on to our CEO interviews, we thought it might be appropriate to reflect upon an event that has been reported in the…

High-riding CSX rewards its shareholders

CSX Corp., a Wall Street favorite because of its high earnings and low operating ratio, announced moves today that are likely to strengthen its appeal to investors. CSX announced that…

Virginia: Amtrak to Norfolk an added service

Virginia’s plans to expand Amtrak passenger rail service to Norfolk, Va., will be pursued without sacrificing Amtrak’s current route through the state’s Tidewater region, which terminates at Newport News, on…

Investors focus on pricing power

The economic downturn brought a great deal of hardship to carriers across the supply chain. Many shippers took the opportunity to re-bid their trucking contracts out of cycle, placing even…

2010 Guide to Equipment Leasing: Fractures in a frozen river of stifled traffic growth

These are tough times for prognosticators—especially those of us who have been doing it for decades in the rail industry. In the case of this writer, it has been almost…

Deadline looms for Huron Central Railway

Communities lining Ontario’s North Shore are racing to beat an Aug. 15 deadline to preserve freight rail service on the Huron Central Railway, linking Sault Ste. Marie and Sudbury. A committee formed to implement a rescue plan says any measure would require infrastructure investment by senior levels of the provincial government.

--> Communities lining Ontario’s North Shore are racing to beat an Aug. 15 deadline to preserve freight rail service on the Huron Central Railway, linking Sault Ste. Marie and Sudbury. A…

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