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Matt Elkott: Increased interest in lease fleets, improved frac sand outlook favorable to ARI
Cowen and Company analyst Matt Elkott has upgraded American Railcar Industries (ARI) to Outperform from Market Perform, “as earnings and fundamentals have not only remained stable but improved further on…
First locomotive rebuild for Motive Power Resources
Motive Power Resources announced that it has completed its first locomotive overhaul at its new heavy overhaul and repair facility in Minooka, Ill.
Trade coalition urges commitment to TIGER project funding
The Coalition for America’s Gateways and Trade Corridors (CAGTC) called on President Donald Trump and Congress to fund the Department of Transportation’s Transportation Investments Generating Economic Recovery program, or TIGER,…
GE Transportation signs 'smart' loco deal with DB Cargo
Europe’s largest rail freight carrier, DB Cargo, and GE Transportation have signed an agreement to digitize 250 locomotives across Germany, the United Kingdom, France and Poland over the next five…
FINANCIAL EDGE March 2017: He sure plays a mean game of Railroad
When the Financial Edge last addressed the topic of Hunter Harrison, it was during the failed takeover of Norfolk Southern (NS) by Canadian Pacific (CP). Pursuit of NS was not…
GE unveils Indian Railways design scheme
This week GE Transportation unveiled the final design for the 700 3.36MW and 300 4.47MW locomotives it is delivering to Indian Railways.
FLA DOT rail projects budget heads to capitol
The Florida Transportation Commission approved the state Department of Transportation’s project plan, including freight and passenger rail, through fiscal 2022.
Record turnout for Railroad Day in Washington
WASHINGTON, D.C. – A record number of railroaders, suppliers, and customers on March 2 converged on the Capitol for the annual lobbying event known as Railroad Day to meet Congressional…
Rod Case at REF 2017: "Try to do more than just run good trains"
Oliver Wyman Partner Rodney Case delivered a thought-provoking address March 6 at Rail Equipment Finance 2017 on the future of North America’s rail industry.
CN sets share repurchase
Canadian National Railway Co. announced that it plans to repurchase common shares under a specific share repurchase program.
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…
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