Locomotives

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.
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…
Erie, Pa.-based GE Transportation Friday announced the rollout of the 5,000th Evolution Series Locomotive, in production since since 2005.
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…
New York Air Brake has appointed Michael J. Hawthorne as president, effective July 1, 2012, upon the retirement of J. Paul Morgan.
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.
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 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…
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.
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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