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Joy, trepidation, fear at CP—all at the same time
The worst kept secret in the railroad industry for more than a month has been the identity of the new chief executive of Canadian Pacific Railway. For the record, E.…
Greenbrier reports record quarterly revenue
Greenbrier reported Thursday that revenue for its third fiscal quarter reached a record $507.8 million, up 11% from $458.2 million in the second quarter and up 60% from $317.3 million in the…
Grant aids Port of Corpus Christi rail project
The Port of Corpus Christi Authority (POCCA) has received a $10 million federal grant toward its Nueces River Rail Yard Expansion project. The grant comes from the Transportation Investment Generating…
Blaine Emerson Capehart, 104
Blaine Emerson Capehart, a key member of Capehart Scatchard, died June 23 at age 104.
2012 Guide to Equipment Leasing
Most years when we tackle this special issue on leasing, we lead with an article on “operating” leasing. We do this because many of our readers are operating lessors or…
Grain car leasing reported soft
Grain car lessors are reporting an extremely soft market for all but the largest of jumbo covered hoppers. (The jumbos are working and we couldn't find any lessors that have…
GWI traffic slumps in May
Greenwich, Conn.-based Genesee & Wyoming Inc. Wednesday said its May traffic volume declined 4.6% compared with May 2011.
Short line infrastructure grows for nat gas access
Pennsylvania's Lycoming Valley Railroad will be the beneficiary of a new industry track construction project near Muncy, Pa. The project involves building 2,300 feet of new track and restoring another…
Phillips 66 acquiring 2,000 tank cars
The Phillips 66 Co. is reported to be acquiring 2,000 new tank cars to move oil from North Dakota to Phillips 66 refineries on the Atlantic and Pacific coasts.
Holland L.P. marks buy of L.B. Foster unit
Holland L.P. affirmed Thursday that it has acquired the Railway Securement Business of L.B. Foster. Terms of the transaction remain undisclosed.
Profitability, beyond coal. Imagine
Give Norfolk Southern CEO Wick Moorman due recognition for his courage to be contrarian. Applause from this observer follows.
Oil and gas drive hot leasing market
Halfway into the year, North America’s railcar lessors have a hot marketplace on their hands for cars destined for oil and gas industry service. This has translated into significant new…
CP names Paul Haggis new chairman
Canadian Pacific Tuesday said it has named Paul Haggis as its new chairman.
ProTran lands Brazilian contract
ProTran Technology says it was awarded its first major contract from Brazil's Belo Horizonte Metro for the "Protracker / PTC" track worker protection overlay system for advance warning of approaching…
L.B. Foster finalizes business division sale
L.B. Foster Co. on Monday noted the completion of the sale of its railway securement business to Holland, L.P.
Regional Rail LLC acquires recycling company
Regional Rail, LLC says it has acquired a construction and demolition debris (C&D) rail-served transfer station in Conshohocken, Pa.
CIT announces orders for 3,500 railcars
CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
What’s lowering railcar rents?
A perfect storm of interest rate, tax, and market factors is driving down the rents for many of today’s railcar users to historic lows. Low interest rates are contributing to…
CP urges Teamsters to renew negotiations
Canadian Pacific on Tuesday again asked the Teamsters Canada Rail Conference to let striking workers return to their jobs "and stop the damage the union is unnecessarily causing to CP customers' businesses…
RailAmerica discusses possible sale
RailAmerica Inc., which owns 45 small railroads that operate approximately 7,500 miles of track in North America, disclosed late Tuesday that it is considering selling the company and has entered into talks with…
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