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News Stories (14 Results) - Railroad

The U.S. Department of Labor issued a statement early Thursday on a Tentative Railway Labor Agreement.“Following 20 consecutive hours of negotiations at the Department of Labor, rail companies and union negotiators came to a tentative agreement that... Read Story
September 15, 2022, 07:11 AM

Affiliates of Paceline Equity Partners, LLC, a Dallas-based private equity manager, announced they have acquired Progress Rail Equipment Leasing Corporation (PRELC), a lessor of railroad maintenance-of-way (MOW) equipment and services, from Progress... Read Story
January 03, 2020, 07:25 AM

U.S. railroads experienced a further deterioration of their price advantage for domestic intermodal shipping compared to trucking in the second quarter, according to a new index by global business information provider IHS Markit. This latest... Read Story
August 19, 2019, 07:05 AM

Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services... Read Story
May 22, 2018, 07:24 AM

The Wall Street Journal reported that GE may be seeking to exit from its railroad business as new Chief Executive John Flannery seeks to steamline the company. According to the WSJ report, the company is exploring options for the GE Transportatin... Read Story
October 27, 2017, 07:05 AM

U.S. Bank has hired rail industry veteran Mike Keasling to serve as an equipment leasing specialist. Based in Chicago, Keasling joins the bank in a national role focusing on deepening existing and developing new client relationships in the rail... Read Story
July 12, 2016, 07:03 AM

The Greenbrier Companies announced that Mr. William Glenn, Senior Vice President and Chief Commercial Officer has decided to pursue opportunities outside the Company. Effective immediately, Mr. Glenn is relinquishing his responsibilities as Chief... Read Story
February 29, 2016, 07:00 AM

GATX Corporation announced its purchase of GE Capital Rail Services’ North American per diem boxcar fleet, consisting of more than 18,500 boxcars. The purchase price was approximately $340 million. Brian A. Kenney, president and chief executive... Read Story
March 25, 2014, 06:31 AM

Key Equipment Finance announced it has provided solar financing for Providence and Worcester Railroad Company (P&W), a short-line freight railroad based in Worcester, Mass. The solar array will generate an estimated 190kW of electricity annually and... Read Story
March 04, 2014, 07:00 AM

Chicago Freight Car Leasing Co., a premier lessor of railcars to industrial, agricultural, and food products shippers and railroads, announced that Todd Kahn has accepted the position of Vice President of Portfolio Management and Marketing.  In this... Read Story
February 01, 2013, 06:50 AM

FreightCar America reported results for the second quarter ended June 30, 2012, with revenues of $181.2 million and net income of $5.6 million. For the same quarter in 2011, the Company reported revenues of $97.6 million and net income of $0.2... Read Story
August 06, 2012, 07:10 AM

CIT Group announced that CIT Rail, the third largest railcar lessor in North America, has placed orders for an additional 3,000 tank cars from multiple manufacturers. Deliveries are scheduled to begin in 2014.  “These new car orders demonstrate CIT... Read Story
July 31, 2012, 07:05 AM

American Railcar Industries, Inc. (ARI) reported its second quarter 2012 financial results. "We are pleased with our strong financial performance, operating results and significant growth of our fleet of leased railcars," said James Cowan, President... Read Story
July 26, 2012, 07:00 AM

Progressive Railroading reported that in a survey of more than sixty executives in the railroad industry, in general, executives feel good about the year ahead despite the challenges facing the economy and industry. To follow are excerpts of... Read Story
February 09, 2012, 07:30 AM