Finance/Leasing

In reporting results for its first fiscal quarter (Sept. 1-Nov. 30, 2017), The Greenbrier Cos. reaffirmed its Fiscal Year 2018 guidance. The company expects revenue of $2.4 -$2.6 billion and…
More than 600 people have registered for the 250th meeting of the Midwest Association of Rail Shippers (MARS) that will be held January 16–18, 2018 in Lombard, Ill. The theme…
Financial Edge, December 2017: Here at the Financial Edge, we always try to stay one step ahead of the news. Last month’s column on locomotive leasing means that an article…
Railcar builder Trinity Industries announced it would sell its infrastructure-related business to shareholders as part of a strategy for future growth, and spend $500 million to buy back shares.
Railcar repair and lessor The Andersons announced the retirement of Rail Group executives Rasesh Shah, president, and Vice President of Sales Charles (Chuck) Brown.
Caltrax is the latest railcar repair shop to switch to RailcarRx Repair Management System (RMS), for cloud-based RMS to manage its daily railcar repair operations.
Come Feb. 1, 2018, the Railway Supply Institute (RSI) will have new leadership, as President Tom Simpson, who has spent nearly 30 years at the organization, retires. Mike O’Malley, a…
There have been four rounds of NAFTA (North American Free Trade Agreement) re-negotiations, with the fifth round set for Mexico City beginning Nov. 17. According to Workingman’s Dead: NAFTA Withdrawal…
Financial Edge, November 2017: Last month’s Railroad Financial Desk Book identified the influx of new investment capital as a cause for concern for railcar investors. Not discussed was that as…
In spite of a slowing in the movements of major commodities, demand for railcars was relatively stable in this year’s third quarter, according to the most recent report issued by…
The Greenbrier Companies subsidiary Greenbrier Management Services LLC (GMS) has expanded its railcar fleet under management by approximately 85,000 units to 355,000 since Aug. 31, 2016, an increase of more…
Weaker demand and lower lease rates weighed on American Railcar Industries results in the fiscal third quarter, as a challenging market hit sales of new cars.
The League of Railway Industry Women (LRIW), an organization that supports women in the rail industry, recently appointed new executive officers and elected six officers to its board of directors.
Railcar builder The Greenbrier Companies reported fourth-quarter revenue of $611.4 million and net earnings of $23.7 million, or 75 cents per diluted share, including a $3.5 million goodwill impairment charge.…
Union Pacific has named Jon Panzer vice president and treasurer; Jennifer Hamann vice president-Planning and Analysis, and Bryan Clark vice president-Tax. The company said Mary Jones, vice president and treasurer,…
The results of Cowen and Company’s Third-Quarter 2017 Railcar Survey are a “net neutral,” based on several factors, according to Vice President Matt Elkott. The percentage of shippers responding to…
General Electric announced that Rafael Santana, president and Chief Executive of GE Latin America, has been named president and CEO of GE Transportation, effective November 1.
Long-time Greenbrier Cos. executive and board member, and former Interstate Commerce Commission Chairman A. Daniel O’Neal died at home on Oct. 10 at the age of 81.
Two railcar orders, one for 2,500 railcars valued at $200 million, the other for 1,400 valued at $120 million, have brought the Greenbrier Companies, Inc. to a total of 3,900…
Two shipper surveys, one on railcars, the other on rail service, conducted by Cowen and Company at the Sept. 26-28 Northeast Association of Rail Shippers (NEARS) 2017 annual conference indicated…
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