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Top News In Flagship Rail Services Today - Breaking & Trending Today

Japan's SMFG logs $560 mln loss on sale of US freight car leasing unit

Sumitomo Mitsui Financial Group
said on Tuesday it would post an after-tax loss
of $560 million from the sale of its U.S. freight car leasing
unit as the Japanese lender embarks on a portfolio review. ....

United States , Makiko Yamazaki , Jan Harvey , Icahn Enterprises , Sumitomo Mitsui Financial Group , Flagship Rail Services , Rail Services , Mitsui Financial Group , Perella Weinberg Partners , American Railcar Leasing ,

Rail Roundup: Ports and people - FreightWaves

Rail Roundup: Ports and people
Union Pacific, Port of South Louisiana, SMBC Rail Services and TTCI share news
0 101 4 minutes read
A Union Pacific train. (Photo: Jim Allen/FreightWaves)
Union Pacific to open intermodal terminal in Southern California
Union Pacific (NYSE: UNP) announced Tuesday that it will open an intermodal terminal in Southern California’s import distribution region near the ports of Los Angeles and Long Beach. The terminal, which will open in the second quarter of 2021, will give customers expanded access to the Chicago market and other major areas.
The terminal will start as a pop-up terminal at the West Colton rail yard. It will offer domestic intermodal service between Southern California and Chicago. The railroad also expects to expand the service to Dallas and southeast markets. ....

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