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STB approves GWI, RailAmerica transaction
The Surface Transportation Board (STB) has approved Genesee & Wyoming Inc.’s application to control RailAmerica, Inc., and the RailAmerica railroads, effective Dec. 28, 2012.
Greenbrier to Icahn: No deal
The Greenbrier Companies has firmly rejected Carl Icahn-led American Railcar Industries’ conditional proposal to acquire Greenbrier for $22 per share. The offer “is unacceptable and not in the best interests…
Greenbrier plus ARI: Let the games begin
The Greenbrier Companies, one of only a handful of remaining domestic railcar manufacturing companies, late yesterday said that Carl Icahn’s current attempt to have American Railcar Industries (ARI), of which…
ARI offers to buy rival Greenbrier Cos.
American Railcar Industries Inc., controlled by well-known investor Carl Icahn, has offered to buy Lake Oswego, Ore.-based The Greenbrier Cos. Inc. for about $543 million.
Siemens to acquire Invensys Rail
Invensys announced late Wednesday it will sell Invensys Rail to Siemens AG for $2.8 billion.
Greenbrier Cos. affirms Icahn stock acquisition
The Greenbrier Cos. late Tuesday affirmed that "Carl C. Icahn and Reporting Persons affiliated with him have acquired 9.99% of the outstanding Common Stock of Greenbrier."
Shad Peterson named President of Sasser Family Holdings, Inc.
Sasser Family Holdings Inc., a fourth-generation, family-held transportation asset services and management company with roots dating back to 1928, has named Shad Peterson as President.
BNSF surge beefs up Berkshire earnings
Omaha, Neb.-based Berkshire Hathaway, Inc. continues to reap handsome returns from its purchase of BNSF Railway. Berkshire late Monday announced that total third-quarter revenue grew 22% year-over-year to $41.1 billion,…
For Greenbrier Cos., a record fiscal year
Fiscal year 2012 was a record one for The Greenbrier Cos., both in terms of earnings and revenue, the Lake Oswego, Ore.-based company said. The company's fiscal year ended Aug.…
Record 3Q earnings for American Railcar Industries
American Railcar Industries, Inc. late Wednesday reported third-quarter net earnings of $14 million, or 66 cents per share, which ARI said was "a new quarterly record," and up dramatically from…
CP touts “turnaround” as 3Q earnings beat Street
Canadian Pacific Railway Ltd. Wednesday reported third-quarter earnings of C$224 million (US$226 million), or C$1.30 per diluted share, up 20% from C$187 million, or C$1.10 a share, it notched in…
NS 3Q earnings just beat lowered Street expectations
Norfolk Southern Tuesday afternoon reported net income of $402 million, or $1.24 per diluted share, down 27% compared with $554 million, or $1.59 per diluted share, in the third quarter…
CN notes 3Q results; sets stock repurchase plan
Canadian National Monday afternoon reported third-quarter net income of C$664 million (US$669 million), or C$1.52 per diluted share, up modestly from C$659 million, or C$1.46 per diluted share, in the…
GE Transportation powers parent’s 3Q earnings
Erie, Pa.-based GE Transportation notched revenue of $1.4 billion in the third quarter, up 9% from the same period a year ago, and a profit of $265 million, up 35%…
KCS posts record third-quarter revenues
Despite record revenue for the third quarter, Kansas City Southern earnings of $90 million, or 82 cents per share, fell from $99.8 million, or 91 cents per share, in the…
GATX reports rise in 3Q profit, beats Street
Chicago-based GATX Corp. Thursday reported third-quarter net income of $53.8 million, or $1.13 per share, up from $32.9 million or 70 cents per share in third quarter of 2011. Both…
UP 3Q earnings mark “best ever” quarter
Union Pacific early Thursday reported third-quarter earnings of $1 billion, or $2.19 per diluted share, up from $904 million, or $1.85 per diluted share, in the comparable period in 2011…
CSX 3Q earnings slip, but EPS meets Street
CSX Corp. Tuesday reported third-quarter net earnings of $455 million, down 2% from the $464 million in the third quarter of 2011. But earnings per share were up 2% year-over-year…
Railroad Financial Desk Book 2013
In October of each year, we put on our thinking caps and attempt to divine what is coming at us in the New Year—rail equipment and rail finance, that is.
NS shares dip on earnings warning
Norfolk Southern announced late Wednesday that third-quarter 2012 earnings are expected to be in the range of $1.18 to $1.25 per diluted share, "primarily due to volume declines in certain markets and…
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