Finance / Leasing

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Financial Edge February 2017: Chuck the steering wheel out the window Among the daredevil set, the cadre of YouTube videos of drivers that attempt to stress the limitations of Tesla’s driver assist (or self-driving) mode (searching “Tesla Autopilot” yields a search result of almost 250,000 videos) is poor man’s fodder.

utlcx-railcarrx-open-car-repair-portal
North America’s leading tank car manufacturer and lessor, Union Tank Car Company (UTLX), has launched UTLX Repair Link, a BRC and railcar management portal, to streamline transactions with contract shops during the repair cycle. To manage its fleet of more than...
financial-edge-february-2017-chuck-the-steering-wheel-out-the-window
Among the daredevil set, the cadre of YouTube videos of drivers that attempt to stress the limitations of Tesla’s driver assist (or self-driving) mode (searching “Tesla Autopilot” yields a search result of almost 250,000 videos) is poor man’s fodder. Never reaching...
sasser-family-holdings-elevates-walsh-to-ceo
Sasser Family Holdings, Inc., has promoted Jeff Walsh, previously the company’s Chief Operating Officer, to Chief Executive Officer, effective Feb. 15. Walsh will replace Fred Sasser, who is stepping down from a 36-year term as CEO to become Executive Chairman. Walsh...
greenbrier-taps-fbi-agent-for-security-post
The Greenbrier Companies announced that FBI veteran Greg Bretzing has been hired as Director of Global Security & Special Projects.   Bretzing reports to Bill Furman, Chairman and CEO, in this newly-created role. Bretzing will oversee physical security measures at all facilities owned...
railway-age-welcomes-stuart-chirls-as-senior-editor
Stuart Chirls has joined the staff of Railway Age as Senior Editor, based at Simmons-Boardman Publishing Corp. headquarters in New York City. Chirls previously worked as digital editor for the Journal of Commerce covering container shipping, railroads, logistics, policy and global...

bnsf-plans-b-in-2017-capital-spending
BNSF Railway Company (BNSF) on Jan. 19 announced its 2017 capital expenditure plan will be approximately $3.4 billion.   Similar to last year’s $3.9 billion plan, the largest component of the plan will be to replace and maintain BNSF’s core network and...
cowen-and-company-perspectives-from-ftrs-noel-perry
Noted trucking industry veteran and freight economist Noel Perry appears to hold a positive near-to-intermediate term view of freight markets, projecting truckload capacity to exceed full utilization in 2018, according to Cowen and Company Managing Director and Railway Age Wall...
freight
If 2016’s wild, throw-predictions-out-the-window runaway freight train of a Presidential election taught us anything, it’s that nothing is ever a given. As the old saw goes, never assume, because it makes an a—well, you get it. Is a traffic recovery under...
smbc-rail-services-buys-american-railcar-leasing
Sumitomo Mitsui Banking Corp (SMBC) announced Dec. 19 that its railcar operating lessor and fleet management business, SMBC Rail Services LLC (SMBC Rail), has signed an agreement to purchase American Railcar Leasing LLC (ARL) from Icahn Enterprises L.P. The transaction will...
matt-elkott-inquiry-uptick-in-an-otherwise-sluggish-market
Cowen and Company recently hosted a roundtable conference call with four rail equipment experts. “An uptick in freight car inquiries has occurred for one builder but has not yet translated into increased orders,” notes analyst Matt Elkott. The panelists “sounded slightly...

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