Finance / Leasing

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Glenn joins Wells Fargo Rail as CCO William Glenn, a 14-year rail industry veteran, has joined railcar and locomotive leasing company Wells Fargo Rail as Chief Commercial Officer. Glenn will be responsible for leading sales, structured sales, customer service and business intelligence. Based in Rosemont, Ill., he will report to Wells Fargo Rail President Barbara Wilson.

class-i-commodity-slump-a-countercyclical-short-line-bonanza
A string of still-shiny, graffiti-free tank cars rests incongruously amid white apple blossoms with Oregon’s glaciered volcano shimmering in the distance. No, the tank cars are not waiting for the new season’s pressing of apple cider. They are stored here in...
glenn-joins-wells-fargo-rail-as-cco
William Glenn, a 14-year rail industry veteran, has joined railcar and locomotive leasing company Wells Fargo Rail as Chief Commercial Officer. Glenn will be responsible for leading sales, structured sales, customer service and business intelligence. Based in Rosemont, Ill., he...
shipper-survey-rail-equipment-outlook-not-as-bad-as-perceived
Half the rail shippers queried in Cowen and Company’s 1Q16 Rail Shipper Survey say they will or may place orders for freight cars in the next twelve months, according to Cowen and Company analyst Matt Ellkott. “Add eventual opportunistic buying...
greenbrier-posts-solid-second-quarter-results
The Greenbrier Companies, Inc. on April 5, 2016 reported financial results for its second fiscal quarter, which ended Feb. 29, 2016. Net earnings for the quarter were $44.9 million, or $1.41 per diluted share, on revenue of $669.1 million. Adjusted EBITDA...
luther-s-miller-nov-30-1926-–-march-8-2016
Luther Sigsbee Miller, long-time Editor-in-Chief of Railway Age, died March 8, 2016. He was 89. Regarded as “the dean of American transportation journalists,” Miller came to Simmons-Boardman Publishing Corp. and Railway Age in February 1958 from The Institute for Railway Progress...

usdot-grants-cta-5-million-tifia-loan-for-railcars
The U.S. Department of Transportation (USDOT) on March 30, 2016 announced the closing of a $255 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Chicago Transit Authority (CTA) to buy new railcars, helping to modernize one of...
oklahoma-city-brookville-agree-to-streetcar-deal
Oklahoma City on March 22, 2016 finalized a $24.9 million contract with Brookville Equipment Corp. for the supply of five Liberty Streetcars to support the city’s MAPS 3 Modern Streetcar program. The American-made, electric streetcars will operate downtown along a...
keybanc-at-ref-2016-a-transition-to-normal-demand
KeyBanc Capital Markets attended the 2016 Rail Equipment Finance Conference, and after numerous presentations from railcar OEMs, lessors, shippers and finance companies, believes that the industry is transitioning to a more “normal” demand level. “The tone was cautious as industry participants...
ref-2016-“the-sky-isn’t-falling”
Railway Age at REF 2016: The freight car finance and leasing market is challenging, given current economic conditions, but is relatively robust, based on information shared at the 30th annual Rail Equipment Finance conference at the La Quinta Resort in...
riverside-rail-launched-in-chicago
Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management and CC Industries, Inc., announced March 4, 2016 formation of a new freight railcar leasing company, Riverside Rail. The investor group has acquired 2,032 railcars, consisting of a mix of covered hoppers,...