Finance/Leasing

Iowa Pacific Holdings, LLC handled record carloads and passengers in 2014, and earned record revenue.
Norfolk Southern posted record financial results for the fourth quarter of 2014 and for the entire year, and dropped its operating ratio to below 70%. The railroad also announced a…
Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street…
Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.
Canadian Pacific early Thursday, Jan. 22, 2015, announced record net income of C$451 million, of C$2.63 per diluted share, up 10% from the fourth quarter of 2013 and aiding the…
States and cities join those purchasing railcar equipment, often with varied modal needs, prompting fierce competition from industry suppliers eager to serve.
Farmington Hills, Mich.-based Federated Railways, Inc. owner Louis Ferris, in a statement released Friday, Jan. 16, 2015 said he has filed a lawsuit against Michael Lerner, the owner of Rail…
Honolulu City Council members have deferred a resolution assuring short-term bond financing for the Honolulu Authority for Rapid Transportation (HART)'s 20-mile elevated rapid transit line, now under construction.
Thwarted in its effort last year to employ a private contractor to handle large operation of Amtrak's Hoosier State, Indiana officials now are scrambling to secure state funding to ensure…
New Orleans Mayor Mitch Landrieu is requesting commissioners of the New Orleans Public Belt Railroad, a city-owned property, to consider putting the railroad up for sale to a private-sector operator.
CSX Corp. said late Tuesday, Jan. 13, 2015 it had notched record fourth-quarter net earnings of $491 million, or 49 cents per share, up 15% from $426 million, or 42…
Eleanor, W. Va.-based Appalachian Railcar Services (ARS) on Friday, Jan. 9, 2015, said it has acquired BRC Rail Car Services of Lynchburg Va.
Voters in the Vancouver, B.C., metropolitan area will vote by mail between March 16 and May 29 on a half-per-cent sales tax proposal, which would be used to fund several…
Atlanta Mayor Kasim Reed announced Tuesday, Dec. 23, 2014, that the 2.7-mile Atlanta streetcar line would be officially launched for service on Dec. 30, fulfilling a pledge by the mayor…
Supporters of Detroit's M-1 (or M1) streetcar project said Tuesday, Dec. 23, 2014, that agreements had been "finalized for the second phase of an approximately $40 million total in New…
U.S. Senate approval Tuesday, Dec. 16, 2014, of 45-G, by a 76-to-16 vote, has assured passage of the measure, part of H.R. 5771, The Tax Increase Prevention Act of 2014, and…
Prague, Czech Republic-based Inkeon Group a.s., appears to be the frontrunner among four streetcar suppliers bidding for Oklahoma City's MAPS 3 project, with Brookville Equipment Corp. still a factor as…
Sacramento, Calif., downtown businesses next month will vote on creating a tax district designed to generate $30 million for a proposed streetcar project, initiated by neighboring West Sacramento in 2008…
Maryland state officials, state media outlets, and rail advocates are voicing cautious enthusiasm over funds identified in the fiscal year 2015 federal spending bill, still to be passed, for both…
As the industry waits for the DOT and PHMSA to determine the future of the tank railcar that will carry crude oil and other flammable commodities by rail, industry insiders…
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