Freight Cars

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Freight car orders stay strong in 4Q15 The Railway Supply Institute on Jan. 28, 2016 published its railcar industry order, delivery and backlog statistics for fourth-quarter 2015, and overall, the sector looks solid, according to Steve Barger, Managing Director and Equity Research Analyst with KeyBanc Capital Markets Inc.

duos-technologies-lands-railcar-imaging-system-contract
A U.S. Class I railroad has awarded Duos Technologies Group, Inc. a contract for a Vehicle Undercarriage Examiner (vue™) imaging system. The name of the railroad was not disclosed. The vue™ system is part of Duos Technologies’ proprietary Railcar Inspection Portal...
rittenbaum-tekorius-ascend-at-greenbrier
The Greenbrier Companies, Inc. has promoted two senior-level executives to new positions. CFO Mark J. Rittenbaum, has been promoted to the newly created position of Executive Vice President, Commercial, Leasing and Finance. Lorie L. Tekorius, Senior Vice President and Treasurer,...
freight-car-orders-stay-strong-in-4q15
The Railway Supply Institute on Jan. 28, 2016 published its railcar industry order, delivery and backlog statistics for fourth-quarter 2015, and overall, the sector looks solid, according to Steve Barger, Managing Director and Equity Research Analyst with KeyBanc Capital Markets...
keybancs-barger-railcar-builders-in-a-relatively-good-place
Steve Barger of KeyBanc Capital Markets attended the Midwest Association of Rail Shippers Conference, where, in conversations with railcar OEMs, lessors and shippers, he came to the general conclusion that, though 2016 will be a difficult year for the railcar...
cando-rail-services-expanding-into-bc
Brandon, Manitoba-based Cando Rail Services is expanding into British Columbia with the recent purchase of an 89-acre site in Kamloops for a new terminal. The terminal will have the capacity for 1,000 railcar storage spots, in addition to providing transloading,...

railway-age-announces-winners-of-inaugural-fast-trackers-contest
After nearly three months and 57 entries later, Railway Age editors, along with judges Nick Little, Managing Director of Michigan State University’s Railway Management Program and Ronald L. Batory, President and Chief Operating Officer of Consolidated Rail Corporation, have selected...
greenbrier-posts-record-fiscal-first-quarter
The Greenbrier Companies, Inc. on Jan. 7, 2016 reported record financial results for its first fiscal quarter ended Nov. 30, 2015. Net earnings for the quarter were a record $69.4 million, or $2.15 per diluted share, on record revenue of $802.4...
aar-certifies-vertex-railcar-corp
Vertex Railcar Corp. of Wilmington, N.C., has achieved two certifications from the Association of American Railroads (AAR). Following official site audits this fall, AAR representatives certified that the Vertex facility in Wilmington meets AAR Quality Assurance (M-1003) specification and awarded...
keybanc-wabtec-story-is-intriguing
During much of fourth-quarter 2015, investor interest in Wabtec (Westinghouse Air Brake Technologies Corp.) has increased due to concerns about the North American railcar cycle, Wabtec’s pending acquisition of Faiveley Transport, the sustainability of margins and returns, and the company’s...
greenbrier-new-business-1800-railcars-0-million
The Greenbrier Companies, Inc. on Dec. 15, 2015 announced that, since Sept. 1, 2015, the beginning of its fiscal year, it has received orders for approximately 1,800 railcar units valued at nearly $170 million. The orders cover a range of railcar...