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Stock Market & Financial Investment News

News Breaks
January 17, 2013
17:48 EDTARIIACF to pay American Railcar a royalty in tank car pact
In consideration of the services and license provided by ARI to ACF in conjunction with the Agreement, ACF shall pay ARI a royalty and, if any, a share of the net profits earned on each railcar manufactured and sold by ACF under the Agreement, in an aggregate amount equal to 30 percent of such Profits, as calculated under the Agreement. Under the agreement, Profits are net of certain of ACF’s start-up and shutdown expenses and maintenance costs. If no Profits are realized on a railcar manufactured and sold by ACF pursuant to the Agreement, ARI will still be entitled to the royalty for such railcar, and ARI will not share in any losses incurred by ACF in connection therewith.
News For ARII From The Last 14 Days
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April 7, 2015
13:08 EDTARIINTSB: Oil train cars should be replaced more quickly, Washington Post says
The National Transportation Safety Board, or NTSB, yesterday said that oil train cars should be replaced more quickly than the current planned timetable of ten years, according to The Washington Post. "We can’t wait a decade for safer rail cars,” the newspaper quoted the agency's chairman as saying in a statement. Publicly traded railroad operators include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Publicly traded railroad car makers include Greenbrier (GBX), FreightCar America (RAIL), and American Railcar Industries (ARII). Reference Link

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