Finance/Leasing

Come Feb. 1, 2018, the Railway Supply Institute (RSI) will have new leadership, as President Tom Simpson, who has spent nearly 30 years at organization, retires. Mike O’Malley, a transportation…
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…
The Greenbrier Companies, Inc. on Sept. 13 announced production of its 50,000th covered hopper, just months after it reached a major intermodal mark.
Freight car industry interests who participated in a discussion panel at Cowen and Company’s 10th Annual Global Transportation Conference in Boston offered their observations on a wide range of topics…
The Association of American Railroads (AAR) has approved freight car castings from TVSZ (Tikhvin Freight Car Building Plant, Russia, a subsidiary of United Wagon Co.) for unrestricted interchange service on…
Reporting on Cowen and Co.’s just-concluded 10th Annual Global Transportation Conference, analyst Matt Elkott said that railcar demand recovery is “likely sustainable but not at the same level as second-quarter…
The outlook for railcars “has brightened considerably,” according to the most recent market analysis from Peter Toja of Economic Planning Associates. Second-quarter 2017 deliveries of 10,625 cars and orders for…
Financial Edge, August 2017 Railway Age: Industry watchers spend a fair bit of time trying to take economic data and translate it into future carloads and railcar deliveries. Recent economic…
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