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Maryland Purple Line closes financial deal
Maryland Department of Transportation (MDOT), Maryland Transit Administration (MTA) and Purple Line Transit Partners, have signed the final financial documents for a $5.6 billion PPP contract to design, build, finance,…
Carbuilder consolidation might make sense: Cowen and Co.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
Rail Insights: UP locomotive orders
From Chicago, and Railway Age's Rail Insights Conference and Expo today, June 7:
AllTranstek expands fleet management services
AllTranstek LLC has expanded it fleet management services to include a fourth team, and has promoted several key managers.
Jason Seidl: Takeaways from the NARS 2016 Annual Meeting
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the National Association of Rail Shippers (NARS) 2016 Annual Meeting, and offers the following report:
2016 Guide to Equipment 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,…
"Not all misses are created equal"
“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)…
ARCI: Freight car market slowing down
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…
Class I commodity slump a countercyclical short line bonanza
A string of still-shiny, graffiti-free tank cars rests incongruously amid white apple blossoms with Oregon’s glaciered volcano shimmering in the distance.
Glenn joins Wells Fargo Rail as CCO
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,…
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