Finance/Leasing

The Greenbrier Companies, Inc. has entered into an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of…
TransCanada Corp., whose Keystone XL pipeline project has been stalled by politically related delays, is in discussions with customers about shipping Canadian crude to the U.S. by rail as an…
The Greenbrier Companies, Inc. received new orders in April and May for 7,000 railcar units valued at more than $700 million.
Hermon, Maine-based Montreal, Maine & Atlantic Railway has a new identity – Central Maine and Quebec Railway – following its purchase by Railroad Acquisisition Holdings LLC, an arm of New…
St. Paul, Minn.'s yet-to-open Green Line (Central Corridor LRT project) is being credited with "at least $2.5 billion worth of new construction and redevelopment projects" by the Metropolitan Council, overseeing public…
Choosing an option preferred by some other U.S. cities redeploying streetcars within their borders, Atlanta on Tuesday, May 13, 2014 said it would share direct operational responsibility of its new…
Kansas City Southern appears to have become the target of shareholder class action, including from a law firm claiming the Class I railroad "and certain of its executive officers made…
Despite the difficult winter conditions of the first quarter, CSX is positioned to capitalize on underlying economic strength and market opportunities in the balance of 2014 to grow earnings, Fredrik…
Norfolk Southern CEO Wick Moorman, addressing the company's annual meeting in Williamsburg, Va., gave company shareholders numerous reasons for continued optimism following a year that contained what NS hails as…
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
Genesee & Wyoming, Inc. on Thursday, May 1, 2014, cited "severe winter weather" as a primary factor disrupting its first-quarter earnings and revenue.
Economic Planning Associates has made a modest upward revision to its freight car deliveries estimate for 2014, to 62,300 units. This number, EPA said, “is based on first-quarter 2014’s strength…
American Railcar Industries, Inc. reported a first-quarter profit of $20.8 million, or 97 cents per share, late Wednesday, April 30, 2014, after the closing bell on Wall Street. compared with…
New York's Metropolitan Transportation Authority (MTA) has officially launched a "next-generation energy storage system," designed to allow the agency to function in the event of power disruptions from various sources.
Trinity Industries on Tuesday, April 29, 2014, reported record net income of $226.4 million, or $2.85 per share, during its first quarter, up substantially from $79.1 million, or 99 cents…
RAIL.ONE USA Corp. on Tuesday, April 29, 2014, held an opening ceremony for a $22 million concrete rail tie plant in Clinton, Iowa, located within the city's Lincolnway Railport.
Light rail transit, and not urban maglev service, is the more likely transit development for Virginia Beach, Va., following an informal agreement reached late last week between the city's mayor…
General Electric, having given up on its efforts to acquire Ansaldo STS from Italian conglomerate Finmeccanica, is reportedly in negotiations with Alstom over a $13 billion takeover of the French…
GATX Corp. on Thursday, April 24, 2014, reported $0.82 earnings per share (EPS) for first-quarter 2014, beating Wall Street’s consensus estimate of $0.76 by $0.06.
Kansas City Southern reported net income in its 2014 first quarter of $94 million, or 85 cents per diluted share, slipping from $104 million, or 94 cents per diluted share,…
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