Freight Cars

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Freight car market “better than expected”: KeyBanc The Railway Supply Institute American Railway Car Institute’s (ARCI) second-quarter 2016 freight car order, delivery and backlog statistics are “somewhat better than expected,” according to KeyBanc Capital Markets analyst Steve Barger.

wabtec-reports-2q16-results-updates-full-year-guidance
Wabtec Corp. on July 25, 2016 reported second-quarter results affected by lower freight sector-related revenues. Sales for the quarter were $724 million, with higher sales in the Transit Group more than offset by lower sales in the Freight Group, which were...
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...
sms-secures-railway-interchange-2017-contract
Ithaca, N.Y.-based Smith Marketing Services has been awarded a contract for leading the branding effort for Railway Interchange 2017, to be held in Indianapolis Sept. 17-20, 2017. Railway Interchange is North America’s largest freight rail tradeshow. The event, which attracts upwards...
freight-car-market-“better-than-expected”-keybanc
The Railway Supply Institute American Railway Car Institute’s (ARCI) second-quarter 2016 freight car order, delivery and backlog statistics are “somewhat better than expected,” according to KeyBanc Capital Markets analyst Steve Barger. Orders in the quarter increased sequentially to 7,555 cars from...
water-by-rail-ready-to-roll
A terminal serving the crude oil industry is offering help for drought-stricken California. Curious things are happening in southeastern New Mexico. In an area famous for UFO sightings and suspected alien encounters, companies connected to the oil trade are managing to...

moving-energy-beyond-borders
Can exports revive North America’s crude-by-rail and coal? During a moment when much of the world was fixated on Presidential politics and the death of a pop music icon, two business stories of considerable importance to energy, transportation and the economy...
greenbrier-posts-solid-fiscal-third-quarter
The Greenbrier Companies, Inc., reported financial results for its third fiscal quarter ended May 31, 2016 that indicate continued strong performance, despite a railcar market that has softened in recent months. Net earnings attributable to Greenbrier for the quarter were $35.4...
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...
freight-car-demand-“significantly-weakened”-economic-planning-associates
Railcar demand “has weakened significantly in this year’s opening quarter and backlogs have dropped to only 95,038 cars,” according to the most recent report issued by Economic Planning Associates. The smaller backlog represents 5.6 quarters (roughly 17 months, through November...
irish-rail-tests-longer-freight-trains
Irish Rail (IE) operated a 440 meter (almost 1/3 mile) long container freight train between Dublin North Wall and Claremorris on June 27 as part of trials to introduce longer freight trains later this year to boost its competitiveness. The trials...