Tony Kruglinski

Tony Kruglinski

Tony Kruglinski is President of Railroad Financial Corp., a financial advisory firm. He also serves as Chairman of Rail Equipment Finance (www.railequipmentfinance.com), an annual industry conference addressing critical developments concerning North America's railcar and locomotive fleet.

Kruglinski also mentors the annual Railroad Financial Desk Book, published each autumn. His Railway Age column, Financial Edge, is a longtime staple of the magazine and now will appear each month. Contact Tony at tkruglinski@railfin.com.

Tuesday, January 14, 2014

Crude by rail, a cautionary tale

What do New Jersey Governor Chris Christie’s “Bridgegate” and crude-by-rail accidents have in common? They both have the potential for significant long-term damage to the institutions involved. Each of these…
Those of you who know me well know that I was a brakeman on the Penn Central Railroad while in college. That was 45 years ago, but the recent crude-by-rail…
Thursday, July 25, 2013

A turning point for crude by rail?

After my most recent blog on the CBR (crude by rail) disaster in Canada, I fielded a lot of questions that, while they were often worded differently, all ended up…
Thursday, July 11, 2013

So now we know: They can blow up

Regular readers of this blog may remember that at the end of most of my writings on how the fracking industry is positively impacting our industry, I generally add a…
Based on research that I have recently concluded, the “best of times” are clearly being had by anyone in our industry who has anything to do with the movement of…
This month, we turn to an old friend in the operating leasing fraternity to see what we could learn: Harry Zander, Senior Vice President, Sales and Marketing, Macquarie Rail. Since…
It troubles me to say this, but the new railcar building marketplace, on which I reported here just over a month ago, is still smoking hot! Why am I troubled?…
Progress Rail Services' EMD subsidiary has targeted North America's 3,300 existing EMD GP38-2 locomotives (originally built between 1972 and 1986) for repowering with EMD's more modern 710 "ECO" line of…
Friday, June 15, 2012

Grain car leasing reported soft

Grain car lessors are reporting an extremely soft market for all but the largest of jumbo covered hoppers. (The jumbos are working and we couldn't find any lessors that have…
Halfway into the year, North America’s railcar lessors have a hot marketplace on their hands for cars destined for oil and gas industry service. This has translated into significant new…
Wednesday, May 30, 2012

What’s lowering railcar rents?

A perfect storm of interest rate, tax, and market factors is driving down the rents for many of today’s railcar users to historic lows. Low interest rates are contributing to…