Finance/Leasing

SMBC Rail Services LLC (SMBC Rail), the railcar operating lessor and fleet management division of Sumitomo Mitsui Banking Corp. (SMBC), on June 1 completed its acquisition of American Railcar Leasing…
AllTranstek L.L.C. has promoted Allison Bernabei to Vice President of Fleet Management Services. Her appointment “will unite the fleet management group, which is comprised of three service teams in our…
European antitrust regulators have approved a merger creating an all-in-one freight car business between The Greenbrier Companies and Germany’s Astra Rail Management GmbH.
The League of Railway Industry Women is seeking nominations for four Board of Directors positions.
Infrastructure firm AECOM announced that Navin Sagar has been appointed vice president and national director transit systems of the firm’s transit systems practice in North America.
Streetcars returned to Woodward Avenue in Detroit for the first time in 61 years with the May 12 inauguration of the 3.3-mile Q Line from Larned Street to West Grand…
Alstom and Metrolinx of Canada announced a C$529-million ($388-million) order for 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area.
With Washington lawmakers setting spending levels through September, elected leaders are now turning to healthcare and tax legislation. Congress will reportedly work on a tax plan in concert with the…
Canadian Pacific Railway Ltd. announced a new round of stock repurchases, and will also hike its dividend payout by double digits.
Coal shipments and revenue helped lead BNSF earnings higher in the first quarter from a year ago.
Indications are that the lean market for new railcars reached bottom in the first quarter and that orders should start to cycle ahead in the current quarter, according to a…
RailcarRx announced that its Repair Shop Management System now supports the TTX SEI billing format, to assist repair shops in performing billing on TTX pooled equipment.
The Connecticut Department of Transportation has selected a trio of consultants to help plan the future of the New Haven Line and the entire statewide rail system.
An investment group is seeking federal permission to construct a privately-owned, all-new railroad that would bypass the congestion of Chicago.
The Greenbrier Companies announced it completed its investment in Brazil-based Amsted-Maxion Equipamentos E Serviços Ferroviários S.A.
Car builder Trinity Industries on Tuesday said revenue and profits declined on “significantly lower” railcar deliveries in the first quarter of 2017 compared to the year-ago quarter.
Miner Enterprises said that industry adoption of the company's Double Groove pneumatic outlet gate for plastics continues to accelerate, and has been specified on more than 2,400 new railcars in…
Railcar builder Greenbrier Companies reported sales and earnings that beat estimates, and announced a new railcar lease agreement worth more than $1 billion.
Following in the spirit of its predecessors, the 31st annual Rail Equipment Finance Conference was a huge success and an incredible opportunity to get a complete understanding of today’s rail…
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