Finance / Leasing

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Carbuilders remain cautious: Cowen and Company At Cowen and Company’s Eighth Annual Global Transportation Conference, analyst Matt Elkott hosted a railcar outlook and overview discussion panel featuring Railroad Financial Corp. President and Railway Age Financial Editor David Nahass, Northeast Logistics Systems LLC Founder and Principal Richard Flynn, and National Steel Car Senior Vice President Marketing and Sales Bob Pickel.

the-us-railcar-market
A leasing company peer was lamenting the state of the railcar marketplace, the downward and steady pressure on railcar lease rates and the dim prospects for a 2017 rebound. The discussion turned to the topic of the seeming disconnect between...
carbuilders-remain-cautious-cowen-and-company
At Cowen and Company’s Eighth Annual Global Transportation Conference, analyst Matt Elkott hosted a railcar outlook and overview discussion panel featuring Railroad Financial Corp. President and Railway Age Financial Editor David Nahass, Northeast Logistics Systems LLC Founder and Principal Richard...
the-greenbrier-companies-announces-formation-of-regulatory-services-group
The Greenbrier Companies announced Sept. 8, 2016 that its subsidiary, Greenbrier Management Services LLC (GMS) has expanded its railcar asset management business with the launch of a new Regulatory Services Group led by James H. Rader, Vice President of Regulatory...
commentary-remains-cautious
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, reporting on the...
ecp-brakes-money-politics-and-oregon
Financial Edge, Railway Age, August 2016: Ah those midsummer doldrums. Hopefully, loyal readers are able to take a needed respite and page through your favorite magazine by a pool or a beach, slathered in sunblock or buried in shade. ...

byrne-named-vice-chairman-rsictc
The Railway Supply Institute Committee on Tank Cars (RSICTC) has named veteran railcar design and regulatory compliance and safety professional John Byrne as Vice Chairman. Byrne succeeds William Finn, who retired earlier in 2016. Byrne has spent his entire career in...
financial-edge-rail-insights-2016-takeaways
At the recent Railway Age “Rail Insights 2016” conference, I moderated a panel on the lease market for railcars. My panel participants were Robert Hart from Fifth Third Bank and Greg Schmid from Residco, a railcar lessor. The current weakness...
maryland-purple-line-closes-financial-deal
Maryland Department of Transportation (MDOT), Maryland Transit Administration (MTA) and Purple Line Transit Partners, have signed the final financial documents for a $5.6 billion PPP contract to design, build, finance, operate and maintain the light rail Purple Line north of...
carbuilder-consolidation-might-make-sense-cowen-and-co
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott. “Builders could revisit mergers as a strategic step to soften the blow of the...
from-chicago-rail-insights-rob-knight
From Chicago, and Railway Age's Rail Insights Conference and Expo today, June 7: William C. Vantuono, Editor-in-Chief, Railway Age: What is the outlook for Union Pacific locomotive orders? Rob Knight, Chief Financial Officer, Union Pacific: We [plan to acquire] 230 new locomotives...

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