Finance / Leasing

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Cowen: GATX “well positioned to compete” Following a meeting with GATX CFO and EVP Robert Lyons and Director of Investor Relations Jennifer McManus, Cowen and Company analyst Matt Elkott “came away with reinforced confidence that this is one of the railcar leasing market's best operators … well-positioned to compete.“

leading-3pls-fleet-owners-use-railsight
Railinc Corp. says use of its RailSight intermodal and railcar data services, software applications, and analytics insights solutions has grown to include eight of North America’s 10 largest third-party logistics (3PL) providers, as well as all 10 of the largest...
cowen-gatx-“well-positioned-to-compete”
Following a meeting with GATX CFO and EVP Robert Lyons and Director of Investor Relations Jennifer McManus, Cowen and Company analyst Matt Elkott “came away with reinforced confidence that this is one of the railcar leasing market's best operators …...
vertex-rings-up-tealinc-car-order
Vertex Railcar Corp. has received an order from lessor Tealinc. for its optimized 2,480cf aggregate hopper car. "This is the second rail lessor in recent months that has chosen us to be their aggregate car solution after visiting our facility in...
csx-shippers-look-to-ns-trucks-cowen-report
More than 80% of respondents to a CSX Service Quality survey issued by Cowen and Company say they have experienced service issues since the company initiated President and CEO Hunter Harrison’s Precision Railroading. According to Cowen Managing Director and Railway...
wabtec-2q-sales-up-guidance-revised
Wabtec Corp. in reporting results on July 25 for the second quarter of 2017, noted a sales increase of nearly 30% and revised its guidance for the remainder of 2017 to reflect challenging market conditions. Second-quarter sales were $932 million, a...

new-railcar-acquisitions-a-“yes”-or-“maybe”-cowen-survey
Based on responses to Cowen and Company’s Second Quarter 2017 Rail Equipment Survey, the percentage of shippers who will or may order railcars is flat compared to 1Q2017, “but the conviction level about ordering rose meaningfully,” says analyst Matt Elkott. “On...
aar-certifies-vertex-for-tank-car-construction
Vertex Railcar Corp. is now officially certified to manufacture and supply tank cars to the North American market. The company, based in Wilmington, N.C., received the Association of American Railroads’ M-1002 Initial Certification in early July. The certification covers new, general service...
financial-edge-foresight-hindsight-at-rail-insights
At Railway Age’s 2017 Rail Insights conference, attendees were treated to updates on a variety of current industry topics, such as the current status of Amtrak’s replacement of the Acela Express train, and a “what’s next” panel on the state...
rising-railcar-demand-prompts-aggressive-pricing-matt-elkott
Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst...
greenbrier-q3-orders-rise-but-earnings-off-on-weaker-new-car-deliveries
Railcar builder Greenbrier Cos. reported weaker revenue and earnings in the fiscal third quarter from a year ago amid “challenging” markets that are expected to continue into 2018. The company, based in Lake Oswego, Ore., said earnings for the quarter ended...

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