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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,…
Shipper survey: Rail equipment outlook not as bad as perceived
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…
Greenbrier posts solid second quarter results
The Greenbrier Companies, Inc. on April 5, 2016 reported financial results for its second fiscal quarter, which ended Feb. 29, 2016.
Luther S. Miller, Nov. 30, 1926 – March 8, 2016
Luther Sigsbee Miller, long-time Editor-in-Chief of Railway Age, died March 8, 2016. He was 89.
USDOT grants CTA $255 million TIFIA loan for railcars
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, Brookville agree to streetcar deal
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…
KeyBanc at REF 2016: A transition to "normal" demand
KeyBanc Capital Markets attended the 2016 Rail Equipment Finance Conference, and after numerous presentations from railcar OEMs, lessors, shippers and finance companies, believes that the industry is transitioning to a…
REF 2016: “The sky isn’t falling”
Railway Age at REF 2016: The freight car finance and leasing market is challenging, given current economic conditions, but is relatively robust, based on information shared at the 30th annual…
Riverside Rail launched in Chicago
Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management and CC Industries, Inc., announced March 4, 2016 formation of a new freight railcar leasing company, Riverside Rail.
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