Finance/Leasing

With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million.…
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
MAP-21, Moving Ahead for Progress in the 21st Century, is the latest "ISTEA" transportation funding measure approved by Congress June 29, laying out $127 billion in federal ground transport funding…
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 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…
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, a key member of Capehart Scatchard, died June 23 at age 104.
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…
Greenwich, Conn.-based Genesee & Wyoming Inc. Wednesday said its May traffic volume declined 4.6% compared with May 2011.
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…
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. affirmed Thursday that it has acquired the Railway Securement Business of L.B. Foster. Terms of the transaction remain undisclosed.
Give Norfolk Southern CEO Wick Moorman due recognition for his courage to be contrarian. Applause from this observer follows.
Canadian Pacific Tuesday said it has named Paul Haggis as its new chairman.
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 Co. on Monday noted the completion of the sale of its railway securement business to Holland, L.P.
Regional Rail, LLC says it has acquired a construction and demolition debris (C&D) rail-served transfer station in Conshohocken, Pa.
CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
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 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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