Finance/Leasing

Each year, hundreds of executives, technical experts, engineers and safety officers from across the railway supplier universe engage in an activity that, while largely unheralded, is enormously important to our…
Recently, a rumor circulated in the railcar lease market that a Class I railroad had made an overture to a group of its operating lessors requesting that these lessors submit…
Vertex Railcar Corp. said it has received an order for more than 130 2,480-cubic-foot open-top aggregate hoppers with automatic bottom gates and 60-degree side slopes.
Canadian Pacific President and Chief Executive Keith Creel will keynote the 249th meeting of the Midwest Association of Rail Shippers, July 10-11 at Grand Geneva Resort, Lake Geneva, Wisc.
SMBC Rail Services, LLC on June 1 acquired American Railcar Leasing (ARL); all railcars previously leased from ARL (SHPX and ACFX reporting marks) are now owned or managed by SMBC…
For individuals planning a career change to join the rail industry, just starting at a railway-related organization, or have been in the industry for a while, Michigan State University is…
The Greenbrier Companies, Inc. and Astra Holding GmbH on June 1 completed their previously announced plans to create Greenbrier-Astra Rail, described as “Europe’s largest end-to-end freight railcar manufacturing, engineering and…
Israel Morelos has joined Vertex Railcar Corp. as Director of Quality Assuranceannounced in the carbuilder’s Wilmington , N.C., office .
The Greenbrier Companies and Tokyo-based Mitsubishi UFJ Lease & Finance Company Limited (MUL) today completed agreements to expand their existing commercial relationship in North America.
SMBC Rail Services LLC (SMBC Rail), the railcar operating lessor and fleet management division of Sumitomo Mitsui Banking Corp. (SMBC), on June 1 completed its acquisition of American Railcar Leasing…
AllTranstek L.L.C. has promoted Allison Bernabei to Vice President of Fleet Management Services. Her appointment “will unite the fleet management group, which is comprised of three service teams in our…
European antitrust regulators have approved a merger creating an all-in-one freight car business between The Greenbrier Companies and Germany’s Astra Rail Management GmbH.
The League of Railway Industry Women is seeking nominations for four Board of Directors positions.
Infrastructure firm AECOM announced that Navin Sagar has been appointed vice president and national director transit systems of the firm’s transit systems practice in North America.
Streetcars returned to Woodward Avenue in Detroit for the first time in 61 years with the May 12 inauguration of the 3.3-mile Q Line from Larned Street to West Grand…
Alstom and Metrolinx of Canada announced a C$529-million ($388-million) order for 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area.
With Washington lawmakers setting spending levels through September, elected leaders are now turning to healthcare and tax legislation. Congress will reportedly work on a tax plan in concert with the…
Canadian Pacific Railway Ltd. announced a new round of stock repurchases, and will also hike its dividend payout by double digits.
Coal shipments and revenue helped lead BNSF earnings higher in the first quarter from a year ago.
Indications are that the lean market for new railcars reached bottom in the first quarter and that orders should start to cycle ahead in the current quarter, according to a…
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