Finance / Leasing

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2016: More questions than answers Indeed, 2015 was an amazing year for those parties involved in rail equipment and in the affiliated industries. What started out as a downtrend in oil pricing moved to a full-on slowdown in commodity demand on a global scale. (Hopefully, if you thought WTI Crude would bottom out in December 2015 below $35/bbl, you’re reading this from your new palatial estate.) This led to a downturn in railcar loadings, railcar and locomotive demand and lease rates. It led to an increase in railroad velocity and a decrease in terminal dwell times, which softened demand and rates even further.

jason-seidl-gw-positioning-itself-well-for-2016
Despite a strong U.S. dollar, lower commodity prices and fewer coal shipments, Genesee & Wyoming Inc. on Feb. 10, 2016 reported a 2015 fourth-quarter revenue of $514.9 million, an increase of nearly 24% from the year-ago quarter, exceeding expectations of...
rbn-energy-cbr-economics-aren’t-what-they-used-to-be
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a new analysis by RBN Energy. “With crude prices below $30/Bbl and...
2016-more-questions-than-answers
Indeed, 2015 was an amazing year for those parties involved in rail equipment and in the affiliated industries. What started out as a downtrend in oil pricing moved to a full-on slowdown in commodity demand on a global scale. (Hopefully,...
railway-age-announces-winners-of-inaugural-fast-trackers-contest
After nearly three months and 57 entries later, Railway Age editors, along with judges Nick Little, Managing Director of Michigan State University’s Railway Management Program and Ronald L. Batory, President and Chief Operating Officer of Consolidated Rail Corporation, have selected...
greenbrier-posts-record-fiscal-first-quarter
The Greenbrier Companies, Inc. on Jan. 7, 2016 reported record financial results for its first fiscal quarter ended Nov. 30, 2015. Net earnings for the quarter were a record $69.4 million, or $2.15 per diluted share, on record revenue of $802.4...

festivus-railroad-style
The rail industry and its many observers have been absorbed by the Canadian Pacific Railway’s pursuit of Norfolk Southern. Without recounting the entire story, the whole scenario (minus the regulatory stew that would be an integral part of any Class...
freightcar-america-beats-eps-estimates
FreightCar America, Inc. reported on Nov. 2, 2015 third-quarter 2015 earnings per share of $0.96. This is compared to an estimate of $0.88 made by KeyBanc Capital Market Inc., and a Wall Street consensus estimate of $0.78. Results exclude a pre-tax...
greenbrier-sets-financial-records
The Greenbrier Companies, Inc. on Oct. 30, 2015 reported record financial results for its fourth fiscal quarter and full year ended Aug. 31, 2015. In the fourth quarter, net earnings attributable to Greenbrier were a record $66.9 million, or $2.02 per...
mcmanus-joins-greenbrier-in-executive-role
The Greenbrier Companies on Oct. 22, 2015 appointed veteran rail equipment finance executive Victoria McManus Executive Vice President and Chief Strategic Officer, a new position. McManus served as a member of Greenbrier’s Board of Directors since 2009; she resigned from...
railway-age-seeks-entries-for-first-ever-fast-trackers-contest
Railway Age on Oct. 20, 2015 launched its inaugural Fast Trackers contest, in which ten individuals under the age of 40 who have made an impact in their respective fields or within their company will be profiled. Entries, who can come...