Finance / Leasing

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AllTranstek expands fleet management services AllTranstek LLC has expanded it fleet management services to include a fourth team, and has promoted several key managers.

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...
alltranstek-expands-fleet-management-services
AllTranstek LLC has expanded it fleet management services to include a fourth team, and has promoted several key managers. Each AllTranstek fleet management team includes maintenance managers, fleet coordinators and a team account manager. “The restructuring accommodates increased demand for AllTranstek...
jason-seidl-takeaways-from-the-nars-2016-annual-meeting
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the National Association of Rail Shippers (NARS) 2016 Annual Meeting, and offers the following report: The NARS Annual Meeting reinforced our belief that a near-term recovery...
2016-guide-to-equipment-leasing
From the May 2106 issue of Railway Age: “It never hurts to keep looking for sunshine,” Eeyore once said. However, in the rail economy, it’s the end of first-quarter 2016, and the market is mired in a slump. Check in with...

not-all-misses-are-created-equal
“All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII) and FreightCar America (RAIL) saw their shares decline and seem...
arci-freight-car-market-slowing-down
First-quarter 2016 freight car reporting statistics from the Railway Supply Institute (RSI) American Railway Car Institute (ARCI) Committee show that car orders are down, and the backlog (cars ordered but not delivered) is decreasing, as are deliveries. Freight car manufacturers took...
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...