Freight Cars

image
Rising railcar demand prompts aggressive pricing: Matt Elkott Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst Matt Elkott.

nyab-shifts-some-manufacturing-to-north-carolina
New York Air Brake LLC will be moving its Watertown, N.Y.-based peripheral product assembly to NYAB operations in Salisbury, N.C. The change is part of what the company describes as “a realignment strategy [of] North American manufacturing operations.” NYAB told employees...
cowen-gatx-“well-positioned-to-compete”
Following a meeting with GATX CFO and EVP Robert Lyons and Director of Investor Relations Jennifer McManus, Cowen and Company analyst Matt Elkott “came away with reinforced confidence that this is one of the railcar leasing market's best operators …...
aar-recognizes-road--rail-services
The Association of American Railroads recently awarded Road & Rail Services Inc. a top Automotive Quality Excellence Award for its efforts at the Talladega, Ala., facility, marking the third time the company has earned this award. Road & Rail was...
vertex-rings-up-tealinc-car-order
Vertex Railcar Corp. has received an order from lessor Tealinc. for its optimized 2,480cf aggregate hopper car. "This is the second rail lessor in recent months that has chosen us to be their aggregate car solution after visiting our facility in...
sherex-debuts-tec-series-wedge-locking-washers
Sherex Fastening Solutions announced the launch of the TEC Series wedge locking washer product line. Shertex is touting the TEC Series washers as a high quality, high performance, cost-effective solution to the challenge of securing joints that experience severe vibration and...

rsi-railcar-backlog-increases-10
The Railway Supply Institute ARCI (American Railway Car Institute) Committee on July 25 published its railcar industry order, delivery and backlog statistics for second-quarter 2017. Orders in the quarter improved sequentially to 17,665 cars from 4,814 cars in the first...
wabtec-2q-sales-up-guidance-revised
Wabtec Corp. in reporting results on July 25 for the second quarter of 2017, noted a sales increase of nearly 30% and revised its guidance for the remainder of 2017 to reflect challenging market conditions. Second-quarter sales were $932 million, a...
containers-and-trailers-fuel-modest-overall-midsummer-gains-for-us-carloads
Intermodal shipments sparked U.S. rail traffic for the week ending July 15 as freight totaled 540,005 carloads and intermodal units, up 3.8% compared to the prior-year period. Traffic totaled 262,869 carloads, up 0.3%, while intermodal volume was 277,136 containers and trailers,...
rio-tinto-going-driverless-down-under
Global mining conglomerate Rio Tinto says AutoHaul®—the US$518 million automation of its Western Australia Pilbara iron ore heavy-haul rail network—is progressing well, with about 20% of all train-miles now operating in autonomous mode, albeit with on board locomotive engineers managing...
new-railcar-acquisitions-a-“yes”-or-“maybe”-cowen-survey
Based on responses to Cowen and Company’s Second Quarter 2017 Rail Equipment Survey, the percentage of shippers who will or may order railcars is flat compared to 1Q2017, “but the conviction level about ordering rose meaningfully,” says analyst Matt Elkott. “On...

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email