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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...
Rail Insights: UP locomotive orders
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...
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Byrne named Vice Chairman, RSICTC
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