Finance/Leasing

A good friend of mine who practices transportation finance in London, Jacqui Nelson, recently asked me about the condition of the U.S. economy. She reported that the “City” of London…
Supporters of Cincinnati’s streetcar proposal, coming off an Election Day victory fending off the proposal’s opponents, reportedly now hope to obtain $56 million in federal funds to restore the full…
A majority of Cincinnati voters Tuesday stood by current plans to reintroduce streetcars to the city, rejecting Issue 48, a ballot measure that would have banned any city funds to…
According to information in BNSF's 10Q quarterly filing at the Securities and Exchange Commission, the company paid a dividend of $250 million to Warren Buffett, its only stockholder. Some analysts…
Welcome to this year’s edition of the Railroad Financial Desk Book. Each year we try our best to take a look back and a look forward to see if we…
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."
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