Finance/Leasing

Bombardier Transportation said Wednesday, Oct. 1, 2014 it had "signed a new contract" to continue running New Jersey Transit's RiverLINE, roughly paralleling the Delaware River between Camden, N.J., and the…
At Canadian Pacific’s 2014 Investor Conference, CEO E. Hunter Harrison unveiled new growth targets out to 2018, and “a multi-year strategy to drive superior service and financial profitability, including more…
Continuing and mounting delays have forced Metropolitan Transit Authority of Harris County (Metro) from adding two new light rail transit lines to Houston's growing system.
The Fort Worth Transportation Authority (The T)'s TEX Rail project has received a Record of Decision (ROD) from both the Federal Transit Administration (FTA) and the Federal Aviation Administration, the…
Norfolk Southern Corp. said Monday, Sept. 29, 2014 it has "earned recognition recently from environmental nonprofit CDP as a marketplace leader in carbon disclosure, reflecting the railroad's broad integration of sustainable business practices…
Arlington County, Va., has selected HDR Inc. for preliminary design and engineering work for its 7.4-mile Columbia Pike Streetcar Line, serving both Arlington and Fairfax counties.
Brookville Equipment Corp. said Wednesday, Sept. 24, 2014 it and the San Francisco Municipal Transportation Agency (SFMTA) have agreed to terms "for the rebuild of 16 Presidents' Conference Committee (PCC)…
Prospects for Metro-North appear good for the railroad to acquire M-9 electric multiple-unit (EMU) equipment under parent Metropolitan Transportation Authority's upcoming five-year capital plan.
The Greenbrier Companies, Inc. announced Wednesday, Sept. 17, 2014 it has received new orders amounting to 10,300 railcar units during its fiscal fourth quarter, which ended Aug. 31, 2014.
Add Ford Motor Co. and DTE Energy to the list of Detroit-area companies committing funding and other support to the nascent Detroit M1 (or M-1) streetcar project, now under construction.
MTA Metro-North Railroad, beleaguered by accidents, oversights, and relentless negative media coverage during the past 12 months, offered some good news to the public on Tuesday, Sept. 16, 2014, as…
Fall is the season of the harvest. This is true for the farmers working their wheat, corn, and soybeans, but also true for many railcar owners. As important as bushel…
Balfour Beatty has announced it has sold its engineering and design consultancy subsidiary Parsons Brinckerhoff (PB) to WSP Global, Canada, for £820 million, or roughly US$1.35 billion (roughly C$1.5 billion).
Loram Maintenance of Way, Inc. on Sept. 4, 2014 announced it has acquired a majority stake in Railway Vehicle Engineering Ltd. (RVEL), based in Derby, United Kingdom.
Two huge Chinese rolling stock manufacturers, China CNR Corp. and CSR Corp., have suspended trading of their shares following reports in the Chinese media that the Chinese government is looking…
R. J. Corman Railroad Company/Texas Lines LLC late Tuesday, Sept. 2, 2014 announced the purchase of the assets of Texas Southeastern Railroad (TSE), previously a subsidiary of Georgia-Pacific LLC.
The Surface Transportation Board (STB) ruled Sept. 2 that five Class I railroads—BNSF, U.S. affiliates of Canadian National and Canadian Pacific, Norfolk Southern and Union Pacific—are revenue adequate. That is,…
The Surface Transportation Board announced Tuesday, Sept. 2, 2014, that it has found five U.S. Class I railroad properties to be "revenue adequate for the year 2013, meaning that five…
Mitsui Rail Capital, LLC (MRC) has promoted Daniel Penovich to President and Chris Gerber to Vice President of Sales and Marketing. Both MRC executives have extensive experience with MRC as…
Light rail transit plans got the backing of officials in Durham and Orange counties, N.C., on Wednesday, Aug. 13, 2014, setting the stage for a concerted effort to secure federal…
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