Finance/Leasing

Leading off Class I first-quarter 2012 earnings reports, CSX Corp. late Tuesday cited first-quarter net income of $449 million, or 43 cents per share. That handily beat Wall Street's consensus…
Seattle-based Talgo, Inc. is considering legal action against the state of Wisconsin following the latter's long-expected cancelation of a $166 million maintenance contract.
With the addition of the United States and Hungary, InnoTrans 2012 will have a record 32 countries mounting combined national and regional displays of their transport technology at the ninth…
Saskatchewan's provincial government Monday announced C$700,000 in grants distributed among 11 short line railroads through its Shortline Railway Sustainability Program.
In his proxy fight for control of Canadian Pacific, Pershing Square Capital Management hedge fund chief Bill Ackerman contends that the railroad's management has failed to seize opportunities to improve its performance.
Greenwich, Conn.-based Genesee & Wyoming, Inc. said Friday its March 2012 traffic volume fell 13.6% compared with the same month a year ago. As well, GWI's first-quarter traffic volume declined,…
Wabtec Corporation said April 12 that it expects first-quarter 2012 earnings per diluted share to be about $1.20, and has increased its 2012 full-year EPS guidance to about $4.80, based…
Jacksonville, Fla.-based RailAmerica, Inc. announced that it has completed the acquisition of a 20% interest in the Wellsboro & Corning Railroad and Industrial Waste Group from Myles Group for approximately…
The Greenbrier Cos. Monday reported net earnings of $17.7 million, or 57 cents per diluted share, in its fiscal second quarter ending Feb. 29, 2012, compared with a net loss…
In a sign of growing financial strength, Kansas City Southern's board of directors has decided to initiate a quarterly cash dividend for holders of its common stock.
Electric multiple-unit (EMU) trains manufactured by China's CNR Changchun Railway Vehicles Co., Ltd. went into operation in Rio de Janeiro, Brazil, on March 20. An inaugural ceremony was held on that…
Standard & Poor's on Tuesday upgraded Kansas City Southern's credit rating to B+ with a positive outlook, one level below an investment grade rating, which would further cut borrowing costs. The upgrade…
Ontario's provincial government intends to end fiscal support of Ontario Northland Transportation Commission, which oversees the Ontario Northland Railroad, which receives C$103 million a year in provincial fiscal support.
FreightCar America, Inc. on Monday said it has named three individuals to manage its newly restructured commercial organization "to more directly present the full range of FreightCar America and FreightCar…
They've done it! On Feb. 17th, Cincinnati finally broke ground on its streetcar project.
A second day of debate by the Toronto City Council Thursday resulted in the council's affirming more light rail transit (LRT) for Canada's largest city, rejecting Toronto Mayor Rob Ford's…
Union Pacific told JPMorgan's Aviation, Transportation and Defense conference Tuesday that while most shipping volumes are up this year, it expects a 7% drop in first-quarter coal volume due to the mild…
Sacramento, Calif.'s City Council unanimously has approved involving the city in a starter streetcar route primarily traversing suburban neighbor West Sacramento.
L.B. Foster Thursday reported fourth-quarter net income of $6.1 million, or 60 cents per diluted share, compared to $6.2 million or 60 cents per diluted share, in the same quarter of…
American Railcar Industries, Inc. expressed satisfaction with its fourth-quarter and full year revenue and earnings, and also voice cautious optimism on the year ahead.
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