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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…
NJT’s ALP-45DP enters revenue service
New Jersey Transit’s newest locomotive made its first revenue service run May 30. The ALP-45DP (dual-power), described by NJT as a “hybrid” locomotive in that it operates under AC-catenary electric…
Talgo, Inc. displays Series 8 trainsets
Talgo, Inc. opened its Milwaukee factory Sunday to visitors interested in seeing the company's Series 8 trains, manufactured for use by Amtrak on its Hiawatha service linking Milwaukee and Chicago.
Europorte, Alstom enter rail freight partnership
Europorte, the rail freight subsidiary of the Eurotunnel Group, and Alstom on Thursday announced they have signed a partnership agreement covering the maintenance of 17 Alstom manufactured Prima locomotives now…
GE signs MOU for Kazakhstan diesel plant
Erie, Pa.-based GE Transportation on Wednesday said it has signed a Memorandum of Understanding with TransMashDiesel and JSC National Company Kazakhstan Temir Zholy (KTZ) to establish a diesel engine manufacturing…
Alstom absorbs DB share of joint venture
Alstom said Tuesday it and DB Mobility Network Logistics AG have signed a contract for the takeover of the 49% stake held by DB Mobility Network Logistics AG in the…
Traktionssysteme Austria adds U.S. office
Traktionsysteme Austria (TSA), a supplier of rail vehicle propulsion system components, has established a U.S. presence with Traction Systems, Inc., which will directly serve customers in North America.
NS adds to heritage locomotive roster
Norfolk Southern said Thursday it has added the Monongahela Railway to the legacy railroads that the company is honoring with its 30th anniversary heritage paint schemes, bringing to 20 the…
NYC subways adding 28 locomotives
MTA New York City Transit on May 1 took delivery of the first of 28 new diesel-electric locomotives it is acquiring from Wabtec subsidiary MotivePower, Inc.
NS shop: "Unprecedented safety milestone"
Norfolk Southern reports that employees at its Enola Locomotive Shop made history in March "as the first in the company to surpass 2 million employee-hours without an injury."
Wabtec wins Australia locomotive order
Wabtec Corp's MotivePower subsidiary will build 10 locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL Australia Pty. Ltd. and Marubeni Corp. of Tokyo, the company announced Tuesday.
UP’s Michael Iden is AAR’s Chafee Award recipient
Union Pacific General Director Car and Locomotive Engineering Michael Iden, Chicago, Ill., has been awarded the 2012 John H. Chafee Environmental Excellence Award by the Association of American Railroads.
Axion Power gets NS order for batteries
Axion Power International Inc. said Thursday it has received an order from Norfolk Southern Corp. for lead-carbon (PbC) batteries for use in a battery-powered locomotive.
Progress Rail sets short line locomotive pact
Progress Rail Services Corp. says it has reached an agreement with Exeter, Calif.-based San Joaquin Valley Railroad, a RailAmerica subsidiary, to supply four repowered, low-emissions PR30B locomotives.
Wabtec: Record 1Q sales, strong backlog
Wabtec Corp. on Tuesday reported record results for the 2012 first quarter. Sales were a best-ever $583 million, 28% higher than the year-ago quarter, due to strength in the Freight…
GE Transportation reports strong revenue gain
Erie, Pa.-based GE Transportation Friday reported a "segment profit" of $232 million in the first quarter of 2012, up 48% from the same quarter a year ago. Revenue of $1.3…
Wabtec increases 2012 earnings guidance
Wabtec Corporation said April 12 that it expects first-quarter 2012 earnings per diluted share to be about $1.20, and has increased its 2012 full-year EPS guidance to about $4.80, based…
R.J. Corman partners with Toyota
R.J. Corman Railroad Group says that R.J. Corman Switching Co. has formed a partnership with Toyota to provide railcar switching, vehicle shuttling, vehicle loading, and track maintenance at the new…
GE TV ad features Transportation employees
Fairfield, Conn.-based General Electric Co. Wednesday advanced its latest television commercial highlighting various aspects of the company, this one featuring employees from GE Transportation's Erie, Pa., plant.
CN to acquire 161 locomotives
CN Thursday said it plans to acquire 65 new high-horsepower locomotives, augmenting that purchase with one of 96 second-hand high-horsepower locomotives that will be upgraded, or 161 locomotives in all.
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