CIT Group Inc. announced that Robert Rubino has been named president of CIT Bank, N.A., the banking subsidiary of CIT, and head of Commercial Banking, effective Feb. 25.
The Greenbrier Cos., Inc. said Monday, March 3, 2014 it has received “new orders in the second fiscal quarter ended February 28, 2014 for 5,600 railcar units valued at approximately $460 million.”
Trinity Industries late Wednesday reported year-over-year third-quarter revenue growth of 19% and earnings per common diluted share growth of 100%.
CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
Kawasaki Heavy Industries, builder of subway cars for U.S. cities including New York and Washington, may exit the business amid mounting losses and an increasingly difficult market.
CIT Group Inc. has completed the sale of NACCO, its European rail leasing business, in two separate transactions: to German-based VTG Aktiengesellschaft (VTG), and to a consortium of WASCOSA AG and a subsidiary of Aves One AG. Net proceeds were $1.1 billion, based on current exchange rates, and included approximately $1.2 billion in assets, which resulted in a modest pre-tax gain, CIT said.