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CIT Rail orders 3,000 tank cars
CIT Group Inc. announced Monday, July 30, that railcar lessor CIT Rail has ordered an additional 3,000 tank cars from multiple manufacturers. Deliveries are to begin in 2014.
Locomotive orders aid GE Transportation 2Q
GE Transportation reported $1.6 billion in second-quarter 2012 revenue, up 27% year-over-year, and a segment profit for the quarter of $282 million, up 58% from $178 million in the second…
GE, UP herald 5,000th Evolution Series locomotive
Erie, Pa.-based GE Transportation Friday announced the rollout of the 5,000th Evolution Series Locomotive, in production since since 2005.
Wabtec wins Australia ECP order
Wabtec Corp. announced Tuesday that it has signed a contract valued at about $28 million to supply electronically controlled pneumatic (ECP) braking equipment for 159 locomotives operated by Rio Tinto, a mining company…
Hawthorne named NYAB president
New York Air Brake has appointed Michael J. Hawthorne as president, effective July 1, 2012, upon the retirement of J. Paul Morgan.
GE expands New York battery factory
General Electric Co. Tuesday said it will expand its new, advanced manufacturing battery factory in Schenectady, N.Y., which is part of the company's new Energy Storage business.
Alabama port railway gets GenSet switcher
R.J. Corman Railpower Locomotives Wednesday said an RP14BD GenSet Switcher is destined for the Alabama State Port Authority's Terminal Railway (TASD).
Sygnet Rail Technologies lands Brazil agreement
Sygnet Rail Technologies Tuesday announced it has entered into an agreement with EIF Locomotivas of Brazil to assist in the supply of four locomotives to Sao Paulo Metropolitan Train Company…
Locomotives with sustaining power
Railroads have always been fuel efficient. Locomotive manufacturers find themselves well-positioned to improve that efficiency still more, matching or exceeding expectations of governments worldwide.
2012 Guide to Equipment Leasing
Most years when we tackle this special issue on leasing, we lead with an article on “operating” leasing. We do this because many of our readers are operating lessors or…
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