Finance/Leasing

From the May 2106 issue of Railway Age: “It never hurts to keep looking for sunshine,” Eeyore once said. However, in the rail economy, it’s the end of first-quarter 2016,…
“All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII)…
First-quarter 2016 freight car reporting statistics from the Railway Supply Institute (RSI) American Railway Car Institute (ARCI) Committee show that car orders are down, and the backlog (cars ordered but…
A string of still-shiny, graffiti-free tank cars rests incongruously amid white apple blossoms with Oregon’s glaciered volcano shimmering in the distance.
William Glenn, a 14-year rail industry veteran, has joined railcar and locomotive leasing company Wells Fargo Rail as Chief Commercial Officer. Glenn will be responsible for leading sales, structured sales,…
Half the rail shippers queried in Cowen and Company’s 1Q16 Rail Shipper Survey say they will or may place orders for freight cars in the next twelve months, according to…
The Greenbrier Companies, Inc. on April 5, 2016 reported financial results for its second fiscal quarter, which ended Feb. 29, 2016.
Luther Sigsbee Miller, long-time Editor-in-Chief of Railway Age, died March 8, 2016. He was 89.
The U.S. Department of Transportation (USDOT) on March 30, 2016 announced the closing of a $255 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Chicago Transit Authority…
Oklahoma City on March 22, 2016 finalized a $24.9 million contract with Brookville Equipment Corp. for the supply of five Liberty Streetcars to support the city’s MAPS 3 Modern Streetcar…
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