Finance/Leasing

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

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…

Federal funds may provide the fiscal spark for a streetcar line in Milwaukee denied the city by state and county planners. Wisconsin U.S. Senators Herb Kohl and David Obey, both Democrats, inserted language in the recently passed $410 billion federal omnibus spending bill identifying $91.5 million for Milwaukee, with roughly $55 million (60%) of that targeted for launching a streetcar project.

--> Federal funds may provide the fiscal spark for a streetcar line in Milwaukee denied the city by state and county planners. Wisconsin U.S. Senators Herb Kohl and David Obey, both…

Three years after an initial construction attempt was aborted, the 1.3-mile Anacostia streetcar line in southeastern Washington, D.C., is nearing a construction start, according to the District Department of Transportation.

--> Three years after an initial construction attempt was aborted, the 1.3-mile Anacostia streetcar line in southeastern Washington, D.C., is nearing a construction start, according to the District Department of Transportation.
Electro-Motive Diesel Inc. plans to eliminate 347 jobs at its McCook, Ill., plant as early as April, according to a layoff notice filed with the state of Illinois. The move…

Gov. David A. Paterson Monday released the 2009 New York State Rail Plan with a "comprehensive strategy forsupporting freight and intercity passenger rail service."

--> Gov. David A. Paterson Monday released the 2009 New York State Rail Plan with a "comprehensive strategy forsupporting freight and intercity passenger rail service."

Greenbrier Cos. Inc. says it could be forced to trim expenses, and lay off more employees, if GE Railcar Services Corp. holds firm in reducing an existing delivery contract of 11,900 railcars over an eight-year period. Greenbrier said GE Railcar, a subsidiary of Fairfield, Conn.-based General Electric Co., "desires to substantially reduce, delay, or otherwise cancel railcar deliveries."

--> Greenbrier Cos. Inc. says it could be forced to trim expenses, and lay off more employees, if GE Railcar Services Corp. holds firm in reducing an existing delivery contract of 11,900…

Northern California’s Capitol Corridor Joint Powers Authority (CCJPA) says it’s prepared to target up to $98 million in federal Stimulus Package funding to 10 “shovel-ready” projects, and has the list prepared for federal officials to evaluate March 9, when CCJPA representatives will be in Washington. Total cost of the projects involved is $144 million.

--> Northern California’s Capitol Corridor Joint Powers Authority (CCJPA) says it’s prepared to target up to $98 million in federal Stimulus Package funding to 10 “shovel-ready” projects, and has the list…

Trinity Industries says it achieved “strong fourth-quarter and full-year results” in 2008, but TrinityRail’s order backlog was substantially lower at year's end.

--> Trinity Industries says it achieved “strong fourth-quarter and full-year results” in 2008, but TrinityRail’s order backlog was substantially lower at year's end.
CN has announced a public debt offering of US$550 million 5.55% notes due 2019. CN says it expects to close the financing on Feb. 25, 2009.
FreightCar America President and CEO Chris Ragot says the company expects  ”a significant reduction in railcar deliveries” in 2009, but after a strong finish in 2008 is well-positioned  to ride…
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