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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…
Greenbrier launches Regulatory Services Group
The Greenbrier Companies announced Sept. 8, 2016 that its subsidiary, Greenbrier Management Services LLC (GMS) has expanded its railcar asset management business with the launch of a new Regulatory Services…
"Commentary remains cautious"
The economy remains “tepid” and surface transportation companies “remain focused on controlling costs, limiting capex and searching hard for growth opportunities,” according to Cowen and Company Managing Director and Railway…
ECP brakes, money, politics and Oregon
Financial Edge, Railway Age, August 2016: Ah those midsummer doldrums. Hopefully, loyal readers are able to take a needed respite and page through your favorite magazine by a pool or…
Byrne named Vice Chairman, RSICTC
The Railway Supply Institute Committee on Tank Cars (RSICTC) has named veteran railcar design and regulatory compliance and safety professional John Byrne as Vice Chairman. Byrne succeeds William Finn, who…
Financial Edge: Rail Insights 2016 takeaways
At the recent Railway Age “Rail Insights 2016” conference, I moderated a panel on the lease market for railcars. My panel participants were Robert Hart from Fifth Third Bank and…
Maryland Purple Line closes financial deal
Maryland Department of Transportation (MDOT), Maryland Transit Administration (MTA) and Purple Line Transit Partners, have signed the final financial documents for a $5.6 billion PPP contract to design, build, finance,…
Carbuilder consolidation might make sense: Cowen and Co.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
Rail Insights: UP locomotive orders
From Chicago, and Railway Age's Rail Insights Conference and Expo today, June 7:
AllTranstek expands fleet management services
AllTranstek LLC has expanded it fleet management services to include a fourth team, and has promoted several key managers.
Jason Seidl: Takeaways from the NARS 2016 Annual Meeting
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the National Association of Rail Shippers (NARS) 2016 Annual Meeting, and offers the following report:
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