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Greenbrier fulfilling Brazilian footprint expansion
The Greenbrier Companies, Inc. on March 2 completed its agreement to increase ownership in Amsted-Maxion Equipamentos E Serviços Ferroviários S.A. (Greenbrier-Maxion) from 19.5% to 60%.
Changes at the top for AllTranstek
AllTranstek LLC, Downers Grove, Ill., a provider of tank car fleet management and technical services, has made two key senior-level appointments.
UTLX, RailcarRx launch car repair portal
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…
Financial Edge February 2017: Chuck the steering wheel out the window
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 elevates Walsh to CEO
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…
Greenbrier taps FBI agent for security post
The Greenbrier Companies announced that FBI veteran Greg Bretzing has been hired as Director of Global Security & Special Projects.
Railway Age welcomes Stuart Chirls as Senior Editor
Stuart Chirls has joined the staff of Railway Age as Senior Editor, based at Simmons-Boardman Publishing Corp. headquarters in New York City.
BNSF plans $3.4B in 2017 capital spending
BNSF Railway Company (BNSF) on Jan. 19 announced its 2017 capital expenditure plan will be approximately $3.4 billion.
Cowen and Company: Perspectives from FTR's Noel Perry
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…
2017 Freight Rail Outlook
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…
SMBC Rail Services buys American Railcar Leasing
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…
Matt Elkott: Inquiry uptick in an otherwise sluggish market
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…
Railcars for all your energy needs
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…
2017 Fast Trackers nominations
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…
Not in my railcar, you don’t—right?
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…
Rittenbaum rising at GLC
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…
Greenbrier-Astra Rail formed in Europe
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…
Signs of renewed life in the freight car market
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…
The rail economy needs you!
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…
Carbuilders remain cautious: Cowen and Company
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…
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