Freight Cars

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Takeaways from REF 2017: Matt Elkott Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially more business-friendly policies and an infrastructure bill. We also noticed a rise in the number of international investors. We continue to believe a material pickup in railcar demand and lease rates is unlikely before late 2017/early 2018.”

matt-elkott-increased-interest-in-lease-fleets-improved-frac-sand-outlook-favorable-to-ari
Cowen and Company analyst Matt Elkott has upgraded American Railcar Industries (ARI) to Outperform from Market Perform, “as earnings and fundamentals have not only remained stable but improved further on the frac sand front. Our confidence in our above-consensus estimates...
norfolk-southern-safety-train-to-visit-23-cities
Norfolk Southern's safety train will stop in 23 cities during 2017 as part of its Operation Awareness & Response (OAR) program, which provides first responders with free training on how to respond to a railroad incident. The safety train kicks off...
canadian-national-closing-historic-escanaba-ore-docks
CN will shut down its Escanaba iron ore docks at the end of April, bringing to a close 165 years of ore shipping from Michigan’s Upper Peninsula port. Ore shipments had slowed since Cliff Natural Resources closed its Empire Mine 65...
idaho-spring-brings-woes-for-bnsf-up-and-mrl
Deep snowpack at higher elevations, an early spring thaw, and heavy rainfall are severely affecting rail lines in the Pacific Northwest, particularly in the panhandle of northern Idaho. At one point during the past week, the main lines of BNSF, Union...
railway-age-honors-prendergast-as-54th-railroader-of-the-year
Former New York MTA Chairman and CEO Tom Prendergast was honored as Railway Age’s 54th Railroader of the Year at a dinner of the Western Railway Club on March 14 at the historic Union League Club, Chicago. Prendergast recently retired from...

wabtec-acquires-atp
Wabtec Corp. has acquired Aero Transportation Products (ATP), a manufacturer of engineered freight car components with annual sales of about $40 million. ATP manufactures hatch covers and outlet gates for freight cars, which adds to Wabtec’s portfolio of engineered products. “ATP’s sales...
railroads-outpace-all-us-infrastructure-in-new-report-card
American railroads earned a grade of B for infrastructure while the rest of the U.S. sectors got a barely-passing D+ in the latest report card from the American Society of Civil Engineers. The quadrennial report depicts the condition and performance of...
bnsf-settles-environmental-lawsuit-over-coal-car-spills
Could the conventional hopper car be going the way of the steam locomotive? In Seattle BNSF Railway settled a lawsuit brought by the Sierra Club and other environmental groups for pollution caused by open-top cars carrying coal and coke. The Sierra...
takeaways-from-ref-2017-matt-elkott
Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially...
record-turnout-for-railroad-day-in-washington
WASHINGTON, D.C. – A record number of railroaders, suppliers, and customers on March 2 converged on the Capitol for the annual lobbying event known as Railroad Day to meet Congressional representatives and help them identify legislative strategies to grow opportunities...

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