J.P. Morgan Global Alternatives Global Transportation Group announced on Aug. 10 that it has acquired freight railcar leasing platform InStar Group, LLC (InStar) from Sightway Capital, a Two Sigma private equity business.
FreightCar America (FCA) posted a strong second-quarter 2022 and raised its revenue and delivery outlook for fiscal year 2022.
Wabtec Corporation (Wabtec) opens first European Transit Performance Optimization Center (TPOC) in Derby, U.K. Also, Rail Vision Ltd. (Rail Vision) receives notice of allowance from the U.S. Patent and Trademark Office (USPTO);
Since 2018, the Canadian government, through changes in Section 151.01(1) of Canada Transportation Act, has required Canada’s railroads to publish grain movement plans for the forthcoming crop year. Grain is crucial to Canada’s
In 1985, The Bangles released their Billboard number one single Walk Like an Egyptian. In 2022, Amtrak, as the official transportation partner for Beyond King Tut: The Immersive Experience, a new exhibition produced in
Wabtec Corp. delivered “strong” second-quarter 2022 financial results, with year-over-year growth in total sales (up 1.8%, carried by the Freight segment) and backlog (up 7.9%), despite “rising costs, continued supply chain challenges and significant unfavorable foreign currency exchange,” the company reported Aug. 5.
The August 2022 issue of Railway Age is now available digitally, with deep dives into telematics, winter preparedness, and Canada’s Metrolinx.
The Greenbrier Companies’ leasing subsidiary has entered into a new term loan to finance the continued growth of its fleet. Also, Wabtec Corporation is celebrating 60 years of locomotive production in Brazil.
Texas Coastal Bend Railroad (TCBR) on Aug. 3 began service at the Port of Corpus Christi in Texas.
Since 2018, the Canadian government, through changes in the Canadian Transportation Modernization Act, has required Canada’s railroads to publish Grain Plans for the forthcoming crop year. Grain is crucial to Canada’s economy; as such, its transportation is heavily regulated—much more so than in the U.S. CN has just published its 2022-2023 Grain Plan, which “describes CN’s preparations for moving a western Canadian grain crop that is expected to rebound from last year’s drought-impacted levels,” the railroad said.