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GE seeks to acquire Alstom energy business, would leave Transport sector alone
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…
Exhibit sales open for REMSA/RSI-Hosted USA Pavilion at Brazil’s NT Expo
Exhibit sales are now open for the USA Pavilion at the Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and…
GATX EPS beats Wall Street consensus estimate
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.
Wabtec reports record first quarter
Wabtec Corp. on Wednesday, April 22, 2014 reported record results for first-quarter 2014 and affirmed its 2014 guidance for earnings per diluted share of about $3.45, with revenues expected to…
Westport delivers first LNG tender to EMD
Vancouver, British Columbia-based Westport Innovations, has delivered the first of four liquefied natural gas (LNG) tenders ordered by Canadian National (CN) to Electro-Motive Diesel (EMD, which is developing a pilot…
O’Connor, Yaeger, Hayden among new Metro-North leadership
MTA Metro-North Railroad has appointed three industry veterans to executive posts in its transportation, mechanical, and engineering divisions, as part of a major reorganization, newly appointed President Joe Giulietti announced…
Another steam icon, N&W 611, heads for restoration
“The Spirit of Roanoke”—Norfolk & Western Class J 611, which has sat silently at the Virginia Museum of Transportation for the past 20 years—will soon be headed to Spencer, N.C.,…
NS steam set for 2014
Norfolk Southern and partners Tennessee Valley Railroad Museum and Fort Wayne Railroad Historical Society have launched a new season of “21st Century Steam” excursions has launched, with 18 excursions scheduled…
SP 4449 readied for another 15 years of service
For the past four decades, former Norfolk & Western and Southern Pacific locomotive engineer Doyle McCormack has coddled the most familiar steam locomotive operating in North America.
Rail Equipment Finance 2014 roundup
For those of you unable to join the more than 400 attendees at Rail Equipment Finance 2014, “Financial Edge” is here to help.
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