Finance / Leasing

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Tough sledding in the loco market Financial Edge, November 2017: Last month’s Railroad Financial Desk Book identified the influx of new investment capital as a cause for concern for railcar investors. Not discussed was that as capital files into railcars due to their longevity and utility, few, if any, dollars moving into the rail economy are used for investing in locomotives.

trinity-forming-new-infrastructure-company
Railcar builder Trinity Industries announced it would sell its infrastructure-related business to shareholders as part of a strategy for future growth, and spend $500 million to buy back shares. The spin-off, which was approved by Dallas-based Trinity’s Board of Directors, creates...
mcneely-to-lead-the-andersons-rail-shah-to-retire
Railcar repair and lessor The Andersons announced the retirement of Rail Group executives Rasesh Shah, president, and Vice President of Sales Charles (Chuck) Brown. Shah’s retirement is effective in July 2018. Joseph McNeely has been named as his replacement. McNeely will join...
caltrax-chooses-railcarrx-software
Caltrax is the latest railcar repair shop to switch to RailcarRx Repair Management System (RMS), for cloud-based RMS to manage its daily railcar repair operations. RailcarRx will assist Caltrax in managing its clients’ high demand and provide integration to key internal...
changing-of-the-guard-at-rsi
Come Feb. 1, 2018, the Railway Supply Institute (RSI) will have new leadership, as President Tom Simpson, who has spent nearly 30 years at the organization, retires. Mike O’Malley, a transportation policy expert and former Vice President, Procurement and Supply...
cowen-study-what-a-nafta-exit-will-mean
There have been four rounds of NAFTA (North American Free Trade Agreement) re-negotiations, with the fifth round set for Mexico City beginning Nov. 17. According to Workingman’s Dead: NAFTA Withdrawal Risk Sector Impact, a just-released study from Cowen and Co.’s...

tough-sledding-in-the-loco-market
Financial Edge, November 2017: Last month’s Railroad Financial Desk Book identified the influx of new investment capital as a cause for concern for railcar investors. Not discussed was that as capital files into railcars due to their longevity and utility,...
3q-railcar-market-“relatively-stable”
In spite of a slowing in the movements of major commodities, demand for railcars was relatively stable in this year’s third quarter, according to the most recent report issued by Economic Planning Associates (EPA). “Despite of an easing in orders from...
gms-grows-managed-fleet-to-355000
The Greenbrier Companies subsidiary Greenbrier Management Services LLC (GMS) has expanded its railcar fleet under management by approximately 85,000 units to 355,000 since Aug. 31, 2016, an increase of more than 30% in this period. GMS now provides management services...
new-railcar-sales-fall-at-builder-ari
Weaker demand and lower lease rates weighed on American Railcar Industries results in the fiscal third quarter, as a challenging market hit sales of new cars. The builder, headquartered in St. Charles, Mo., said consolidated revenues of $120.7 million dropped 17%...
new-executive-officers-for-lirw
The League of Railway Industry Women (LRIW), an organization that supports women in the rail industry, recently appointed new executive officers and elected six officers to its board of directors. The LRIW board appointed four new executive officers to lead the...

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