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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.
Miller Ingenuity acquires Larry McGee Co.
Winona, Minn.-based Miller Ingenuity (formerly Miller Felpax), a supplier of gear case seals, locomotive truck parts kits, and heavy-duty wear parts, has acquired Buffalo Grove, Ill.-based Larry McGee Co., a…
Siemens given notice to proceed on passenger locomotives
The Illinois Department of Transportation, on behalf of the states of Illinois, California, Michigan, Missouri, and Washington, on March 18, 2014 formally granted the Siemens Rail Systems Division an official…
Transnet: 1,064 locomotives, $5 billion
Transnet, South Africa’s state-owned freight transport and logistics company, on March 17, 2014 awarded US$4.7 billion in contracts for 1,064 locomotives to four global original equipment manufacturers—General Electric South Africa…
Exhibit space sales to open for RSI/CMA 2014
Exhibit space sales for RSI/CMA 2014, the Railway Supply Institute’s annual trade show, will begin Monday, March 17, 2014. Sponsorship sales for both RSI/CMA and Canadian Rail Summit 2014, hosted…
Norfolk Southern unveils GoRail locomotive
GoRail and Norfolk Southern on March 12, 2014 unveiled a specially painted locomotive commemorating the 10th anniversary of GoRail, the non-profit grassroots organization dedicated to educating the public about the…
REF 2014: What’s moving in what, and why
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay…
CN’s Mongeau to keynote RSI/CMA 2014
CN President and Chief Executive Officer Claude Mongeau will be the keynote speaker at RSI/CMA 2014 on Monday, Sept. 22 in Montréal, Québec.
CN 2014 capex: C$2.1 billion
CN announced on Feb. 19, 2014 a capital investment plan worth approximately C$2.1 billion (US$1.9 billion) “to continue to raise network safety and efficiency, improve service, and grow the business.”…
EMD protests locomotive contract award
Electro-Motive Diesel has filed a formal protest with the Illinois Department of Transportation over the Multi-State Locomotive Procurement contract for up to 35 125-mph diesel-electric locomotives, for which Siemens Industry…
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