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ARCI: Freight car market slowing down
First-quarter 2016 freight car reporting statistics from the Railway Supply Institute (RSI) American Railway Car Institute (ARCI) Committee show that car orders are down, and the backlog (cars ordered but…
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.
Vertex Railcar Corp. launches leasing subsidiary
Wilmington, N.C.-based Vertex Railcar Corp. on Feb. 25, 2016 announced launch of Vertex Rail Leasing, LLC, which is structured as a wholly owned subsidiary “and will serve as a leasing…
Rail equipment market: "Slow and steady growth, positive and healthy"
As many readers of the “Financial Edge” know, the end of 2015 saw the purchase of General Electric Railcar Services, one of the largest and in some ways oldest of…
Jason Seidl: G&W positioning itself well for 2016
Despite a strong U.S. dollar, lower commodity prices and fewer coal shipments, Genesee & Wyoming Inc. on Feb. 10, 2016 reported a 2015 fourth-quarter revenue of $514.9 million, an increase…
RBN Energy: CBR economics aren’t what they used to be
The crude by rail (CBR) boom that less than two years ago preoccupied the industry and generated intense regulatory scrutiny is, for all intents and purposes, over, according to a…
2016: More questions than answers
Indeed, 2015 was an amazing year for those parties involved in rail equipment and in the affiliated industries. What started out as a downtrend in oil pricing moved to a…
Railway Age announces winners of inaugural Fast Trackers contest
After nearly three months and 57 entries later, Railway Age editors, along with judges Nick Little, Managing Director of Michigan State University’s Railway Management Program and Ronald L. Batory, President…
Greenbrier posts record fiscal first quarter
The Greenbrier Companies, Inc. on Jan. 7, 2016 reported record financial results for its first fiscal quarter ended Nov. 30, 2015.
Festivus, railroad style
The rail industry and its many observers have been absorbed by the Canadian Pacific Railway’s pursuit of Norfolk Southern. Without recounting the entire story, the whole scenario (minus the regulatory…
FreightCar America beats EPS estimates
FreightCar America, Inc. reported on Nov. 2, 2015 third-quarter 2015 earnings per share of $0.96. This is compared to an estimate of $0.88 made by KeyBanc Capital Market Inc., and…
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