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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…
Greenbrier sets financial records
The Greenbrier Companies, Inc. on Oct. 30, 2015 reported record financial results for its fourth fiscal quarter and full year ended Aug. 31, 2015.
McManus joins Greenbrier in executive role
The Greenbrier Companies on Oct. 22, 2015 appointed veteran rail equipment finance executive Victoria McManus Executive Vice President and Chief Strategic Officer, a new position. McManus served as a member…
Railway Age seeks entries for inaugural Fast Trackers contest
Railway Age on Oct. 20, 2015 launched its inaugural Fast Trackers contest, in which ten individuals under the age of 40 who have made an impact in their respective fields…
GATX Corporation, Shedd Aquarium partner on unique boxcar
GATX Corporation, founded 117 years ago in Chicago, is helping to bring awareness to another iconic Chicago institution, John G. Shedd Aquarium. With support from GATX's customer, Packaging Corporation of…
Lowering the bar one more time: Jason H. Seidl
“We are lowering earnings expectations for most railroads to reflect traffic results,” says Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl, regarding upcoming second-quarter…
Greenbrier achieves goal of at least 20% gross margin in 3Q
The Greenbrier Companies Inc. (GBRX), Lake Oswego, Ore., released its financial results July 1, 2015, for its third fiscal quarter, which ended on May 31, 2015.
Industry leaders converge at Rail Insights conference
Railway Age was in Chicago June 17-18 at the Millennium Knickerbocker Hotel for its first-annual Rail Insights conference, structured as a series of conversations with industry leaders who, with Railway…
2015 GUIDE TO EQUIPMENT LEASING
There is more to life than tank cars. Though you may not believe it, other car markets do exist and continue to operate while tank cars dominate the headlines. Here’s…
Jerome Marullo joins Simmons-Boardman Railway Division
Jerome Marullo has joined the Simmons-Boardman Publishing Corp. Railway Division as Eastern Regional Advertising Sales Manager, with responsibility for Railway Age, Railway Track & Structures and International Railway Journal. He…
A&M refinances locomotives with RRIF loan
In 2013, the Arkansas & Missouri Railroad (A&M) substantially improved its locomotive fleet by acquiring three EMD SD70AC3 road units. The Federal Railroad Administration (FRA) on May 29, 2015 issued…
Zander joins Element Financial rail division
Toronto-based Element Financial Corp. has appointed railroad equipment finance veteran Harry Zander as Senior Vice President Sales in Element’s Rail Finance division. He reports to President, Element Rail & Aviation…
Carolina Worrell joins Railway Age as Managing Editor
Carolina Worrell has joined Railway Age as Managing Editor, based at Simmons-Boardman Publishing Corp.’s headquarters in New York City.
Greenbrier reports record second quarter
The Greenbrier Companies Inc. (GBRX), Lake Oswego, Ore., released its financial results April 7, 2015, for its second fiscal quarter, which ended on Feb. 28, 2015.
Mitsui combines with JA Mitsui Leasing, Norinchukin for North American Railcar leasing
Mitsui & Co. Ltd. has entered into an agreement with JA Mitsui Leasing Ltd. (JAML) and The Norinchukin Bank for their participation in Mitsui Rail Capital LLC (MRC), which operates…
G&W concludes Freightliner acquisition
Genesee & Wyoming Inc. on March 25, 2015 completed the acquisition of approximately 94% of Britain’s Freightliner Group Ltd. for approximately US$733 million (at current exchange rates), plus the assumption…
Senators introduce 45G tax credit measure
Eight U.S. Senators this week introduced the Short Line Railroad Rehabilitation and Investment Act of 2015, designed to extend Section 45G (26 USC 45G) short line track maintenance tax credits…
Transnet financing aids big locomotive buy
South Africa's Transnet said Monday, March 2, 2015 it has concluded financing to acquire 1,064 locomotives, estimated to cost $4.3 billion, for its Transnet Freight Rail subsidiary, which were ordered…
Galveston to reboot (diesel) streetcar
Galveston, Tex.'s City Council, in a 6-to-1 vote Thursday, Feb. 26, 2015, approved proceeding to re-establish the citys 6.8-mile diesel trolley car operation, which was discontinued in 2008.
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