Freight Cars

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Freight car backlog grows 75% The backlog of freight cars grew by about 75% in 2014, according to fourth-quarter reporting statistics compiled by the Railway Supply Institute American Railway Car Institute (ARCI) Committee. As of Dec. 31, 2014, the backlog stood at 142,837 units, compared to 81,927 units at the end of 2014’s first quarter.

obituary-ned-snead-grex-founder-85
Georgetown Rail Equipment Co. (GREX®) Founder and Chairman Emeritus Edwin de Steiguer "Ned" Snead passed away Jan. 22, 2015, in Georgetown, Tex., GREX said in a statement Jan. 28. Snead was 85. Snead founded GREX in 1993, based on several patents...
tank-car-safety-ptc-on-ntsb’s-2015-most-wanted-list
The National Transportation Safety Board has released it 2015 list of ten “Most Wanted” areas that require safety improvements. Six of the ten are either rail specific or multi-modal; four, among them tank car safety, are new. The ten most-wanted improvements...
greenbrier-lauds-ntsb-on-tank-car-safety-priority
The Greenbrier Companies, Inc. announced its support for the National Transportation Safety Board on Tuesday, Jan. 13, 2015, for NTSB's placing tank car safety on its "Most Wanted List of Transportation Safety Improvements for 2015." "Including tank car safety on the...
for-greenbrier-a-strong-first-quarter
The Greenbrier Companies, Inc., got off to a strong start in the first quarter of its fiscal year, Sept. 1-Nov. 30, 2014. Net earnings for the quarter were $32.8 million, or $1.01 per diluted share, on revenue of $495 million. Adjusted...
2015-outlook-can-we-handle-it?
Another year of record capital investment will be needed to build more capacity to keep up with growing demand. The biggest challenge the railroads will face in 2015 isn’t the possibility of some form of reregulation. It isn’t captive shippers demanding...

for-greenbrier-a-strong-first-quarter
The Greenbrier Companies, Inc., got off to a strong start in the first quarter of its fiscal year, Sept. 1-Nov. 30, 2014. Net earnings for the quarter were $32.8 million, or $1.01 per diluted share, on revenue of $495 million. Adjusted...
2015-outlook-can-we-handle-it?
Another year of record capital investment will be needed to build more capacity to keep up with growing demand. The biggest challenge the railroads will face in 2015 isn’t the possibility of some form of reregulation. It isn’t captive shippers demanding...
As the industry waits for the DOT and PHMSA to determine the future of the tank railcar that will carry crude oil and other flammable commodities by rail, industry insiders focus on other issues that remain relevant in the day-to-day...
greenbrier-first-fiscal-quarter-orders-top-14000-cars
The Greenbrier Cos. Inc. recently received orders for another 2,700 freight cars, bringing the total number of cars ordered in the company’s first fiscal quarter (September-November 2014) to 14,100 units valued at $1.24 billion. Orders for the quarter include small-cube...
analysis-opec-move-tugs-at-railcar-expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, "[g]iven the dramatic share price volatility in the railcar space following OPEC's decision last week." KeyBanc analyst Steven Barger, in a note...