Finance / Leasing

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Cowen freight car panel: Market pros and cons Freight car industry interests who participated in a discussion panel at Cowen and Company’s 10th Annual Global Transportation Conference in Boston offered their observations on a wide range of topics affecting the market. Among them: the recent uptick in railcar orders, lease rate recovery prospects, new capital flowing into the market, railcar demand recovery sustainability, and railroad traffic volume growth.

three-move-up-at-up-finance
Union Pacific has named Jon Panzer vice president and treasurer; Jennifer Hamann vice president-Planning and Analysis, and Bryan Clark vice president-Tax. The company said Mary Jones, vice president and treasurer, and Pat O’Malley, vice president-Tax have announced their retirements. Panzer, currently...
cowen-railcar-survey-“largely-neutral”
The results of Cowen and Company’s Third-Quarter 2017 Railcar Survey are a “net neutral,” based on several factors, according to Vice President Matt Elkott. The percentage of shippers responding to the survey planning to order railcars in the next 12...
santana-to-lead-ge-transportation
General Electric announced that Rafael Santana, president and Chief Executive of GE Latin America, has been named president and CEO of GE Transportation, effective November 1. Santana, with more than 17 years at GE, held leadership positions in GE Oil &...
dan-o’neal-81
Long-time Greenbrier Cos. executive and board member, and former Interstate Commerce Commission Chairman A. Daniel O’Neal died at home on Oct. 10 at the age of 81. Dan O’Neal served Greenbrier for more than 30 years. He was Director of Greenbrier’s...
greenbrier-fy4q-orders-reach-3900
Two railcar orders, one for 2,500 railcars valued at $200 million, the other for 1,400 valued at $120 million, have brought the Greenbrier Companies, Inc. to a total of 3,900 units ordered in the company’s fiscal fourth quarter ended Aug....

nears-cowen-surveys-mostly-favorable-for-rail
Two shipper surveys, one on railcars, the other on rail service, conducted by Cowen and Company at the Sept. 26-28 Northeast Association of Rail Shippers (NEARS) 2017 annual conference indicated mostly favorable results for the industry.     According to Cowen Managing Director...
greenbrier-builds-50000th-covered-hopper
The Greenbrier Companies, Inc. on Sept. 13 announced production of its 50,000th covered hopper, just months after it reached a major intermodal mark. This production milestone follows Greenbrier’s announcement in February of reaching 100,000th intermodal doublestack railcars. “These achievements demonstrate Greenbrier’s...
cowen-freight-car-panel-market-pros-and-cons
Freight car industry interests who participated in a discussion panel at Cowen and Company’s 10th Annual Global Transportation Conference in Boston offered their observations on a wide range of topics affecting the market. Among them: the recent uptick in railcar...
truck-castings-the-russians-are-coming
The Association of American Railroads (AAR) has approved freight car castings from TVSZ (Tikhvin Freight Car Building Plant, Russia, a subsidiary of United Wagon Co.) for unrestricted interchange service on North American railroads. TVSZ has begun shipping the castings; the...
railcar-inquiries-remain-elevated-cowen-and-co
Reporting on Cowen and Co.’s just-concluded 10th Annual Global Transportation Conference, analyst Matt Elkott said that railcar demand recovery is “likely sustainable but not at the same level as second-quarter 2017.” Cowen is projecting third-quarter 2017 orders for 9,400 units,...

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