Finance/Leasing

North American tank car manufacturer and lessor Union Tank Car Company (UTLX) has launched UTLX Repair Link, a BRC and railcar management portal, to streamline transactions with contract shops during…
Among the daredevil set, the cadre of YouTube videos of drivers that attempt to stress the limitations of Tesla’s driver assist (or self-driving) mode (searching “Tesla Autopilot” yields a search…
Sasser Family Holdings, Inc., has promoted Jeff Walsh, previously the company’s Chief Operating Officer, to Chief Executive Officer, effective Feb. 15. Walsh will replace Fred Sasser, who is stepping down…
The Greenbrier Companies announced that FBI veteran Greg Bretzing has been hired as Director of Global Security & Special Projects.
Stuart Chirls has joined the staff of Railway Age as Senior Editor, based at Simmons-Boardman Publishing Corp. headquarters in New York City.
BNSF Railway Company (BNSF) on Jan. 19 announced its 2017 capital expenditure plan will be approximately $3.4 billion.
Noted trucking industry veteran and freight economist Noel Perry appears to hold a positive near-to-intermediate term view of freight markets, projecting truckload capacity to exceed full utilization in 2018, according…
If 2016’s wild, throw-predictions-out-the-window runaway freight train of a Presidential election taught us anything, it’s that nothing is ever a given. As the old saw goes, never assume, because it…
Sumitomo Mitsui Banking Corp (SMBC) announced Dec. 19 that its railcar operating lessor and fleet management business, SMBC Rail Services LLC (SMBC Rail), has signed an agreement to purchase American…
Cowen and Company recently hosted a roundtable conference call with four rail equipment experts. “An uptick in freight car inquiries has occurred for one builder but has not yet translated…
At the Railway Age “Energy by Rail” (EBR) conference, attendees were given a “What’s next?” point of view on the future of the transportation of coal, crude, LNG and other…
Railway Age presents its second annual Fast Trackers contest, in which we will profile ten individuals under the age of 40 who have made an impact in their respective fields…
Railcar buyers are frequently of habit. It stands to reason. The costs of operating a railcar for moving a commodity are generally transportation, rent or debt expense (unless the asset…
Mark J. Rittenbaum, Executive Vice President, Commercial & Leasing at The Greenbrier Companies, Inc. is transitioning to President of Greenbrier Leasing Corp. (GLC), in anticipation of James T. Sharp’s retirement…
The Greenbrier Companies, Inc. and Astra Rail Management GmbH on Oct. 13 announced formation of Greenbrier-Astra Rail, a new company “that will create an end-to-end, Europe-based freight railcar manufacturing, engineering…
Obtaining an accurate read on the current freight car market is like trying to fine-tune a multiple-carburetor setup on a classic performance car. Adjust one setting, and another setting may…
A leasing company peer was lamenting the state of the railcar marketplace, the downward and steady pressure on railcar lease rates and the dim prospects for a 2017 rebound. The…
At Cowen and Company’s Eighth Annual Global Transportation Conference, analyst Matt Elkott hosted a railcar outlook and overview discussion panel featuring Railroad Financial Corp. President and Railway Age Financial Editor…
The Greenbrier Companies announced Sept. 8, 2016 that its subsidiary, Greenbrier Management Services LLC (GMS) has expanded its railcar asset management business with the launch of a new Regulatory Services…
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway…
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