Finance/Leasing

The government of Canada will provide C$1.8 billion (US$1.35 billion) to the GO Transit Regional Express rail (GO RER) project in the Greater Golden Horseshoe Area.
Due to a downturn in new railcar business, FreightCar America will shut down production at its Roanoke, Va. facility in June.
Southeastern Pennsylvania Transportation Authority (SEPTA) will advance initiatives to renew critical infrastructure, replace aging portions of its fleet, expand capacity for growing ridership and make technology improvements under its proposed…
I have stressed many times in this blog, and in my monthly magazine columns—at times in harsh terms that may have offended some people who, for reasons I can’t quite…
CN announced plans to repurchase up to 1.8 million of its common shares of stock as part of a repurchase program.
Cowen and Company analyst Matt Elkott has upgraded American Railcar Industries (ARI) to Outperform from Market Perform, “as earnings and fundamentals have not only remained stable but improved further on…
Motive Power Resources announced that it has completed its first locomotive overhaul at its new heavy overhaul and repair facility in Minooka, Ill.
The Coalition for America’s Gateways and Trade Corridors (CAGTC) called on President Donald Trump and Congress to fund the Department of Transportation’s Transportation Investments Generating Economic Recovery program, or TIGER,…
Europe’s largest rail freight carrier, DB Cargo, and GE Transportation have signed an agreement to digitize 250 locomotives across Germany, the United Kingdom, France and Poland over the next five…
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not…
This week GE Transportation unveiled the final design for the 700 3.36MW and 300 4.47MW locomotives it is delivering to Indian Railways.
The Florida Transportation Commission approved the state Department of Transportation’s project plan, including freight and passenger rail, through fiscal 2022.
WASHINGTON, D.C. – A record number of railroaders, suppliers, and customers on March 2 converged on the Capitol for the annual lobbying event known as Railroad Day to meet Congressional…
Oliver Wyman Partner Rodney Case delivered a thought-provoking address March 6 at Rail Equipment Finance 2017 on the future of North America’s rail industry.
Canadian National Railway Co. announced that it plans to repurchase common shares under a specific share repurchase program.
The Greenbrier Companies, Inc. on March 2 completed its agreement to increase ownership in Amsted-Maxion Equipamentos E Serviços Ferroviários S.A. (Greenbrier-Maxion) from 19.5% to 60%.
AllTranstek LLC, Downers Grove, Ill., a provider of tank car fleet management and technical services, has made two key senior-level appointments.
North American tank car manufacturer and lessor Union Tank Car Company (UTLX) has launched UTLX Repair Link, a BRC and railcar management portal, to streamline transactions with contract shops during…
Among the daredevil set, the cadre of YouTube videos of drivers that attempt to stress the limitations of Tesla’s driver assist (or self-driving) mode (searching “Tesla Autopilot” yields a search…
Sasser Family Holdings, Inc., has promoted Jeff Walsh, previously the company’s Chief Operating Officer, to Chief Executive Officer, effective Feb. 15. Walsh will replace Fred Sasser, who is stepping down…
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