Finance/Leasing

Vertex Railcar Corp. is now officially certified to manufacture and supply tank cars to the North American market.
At Railway Age’s 2017 Rail Insights conference, attendees were treated to updates on a variety of current industry topics, such as the current status of Amtrak’s replacement of the Acela…
Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share,…
Railcar builder Greenbrier Cos. reported weaker revenue and earnings in the fiscal third quarter from a year ago amid “challenging” markets that are expected to continue into 2018.
Vidal Street Industrial Park Inc (VIP) announced the implementation of RailcarRx’s Repair Management System (RailcarRx RMS™), a cloud-based solution to manage their Car Repair Billing process and shop operation.
Vertex Railcar Corp. has officially launched its updated website, at www.vertexrail.com.
European Locomotive Leasing, a provider of full-service leasing of electric locomotives, has ordered an additional eight Vectron locomotives from Siemens.
VTG Rail Inc., the U.S. subsidiary of VTG AG, has acquired the fleet of U.S. railcar leasing company Redwood Rail LLC. The transaction, which adds 1,135 railcars to VTG’s fleet,…
Siemens has acquired MRX Technologies Group, headquartered in Perth, Australia, a provider of condition monitoring for rolling stock and rail Infrastructure, and inspection systems for rail networks.
Each year, hundreds of executives, technical experts, engineers and safety officers from across the railway supplier universe engage in an activity that, while largely unheralded, is enormously important to our…
Recently, a rumor circulated in the railcar lease market that a Class I railroad had made an overture to a group of its operating lessors requesting that these lessors submit…
Vertex Railcar Corp. said it has received an order for more than 130 2,480-cubic-foot open-top aggregate hoppers with automatic bottom gates and 60-degree side slopes.
Canadian Pacific President and Chief Executive Keith Creel will keynote the 249th meeting of the Midwest Association of Rail Shippers, July 10-11 at Grand Geneva Resort, Lake Geneva, Wisc.
SMBC Rail Services, LLC on June 1 acquired American Railcar Leasing (ARL); all railcars previously leased from ARL (SHPX and ACFX reporting marks) are now owned or managed by SMBC…
For individuals planning a career change to join the rail industry, just starting at a railway-related organization, or have been in the industry for a while, Michigan State University is…
The Greenbrier Companies, Inc. and Astra Holding GmbH on June 1 completed their previously announced plans to create Greenbrier-Astra Rail, described as “Europe’s largest end-to-end freight railcar manufacturing, engineering and…
Israel Morelos has joined Vertex Railcar Corp. as Director of Quality Assuranceannounced in the carbuilder’s Wilmington , N.C., office .
The Greenbrier Companies and Tokyo-based Mitsubishi UFJ Lease & Finance Company Limited (MUL) today completed agreements to expand their existing commercial relationship in North America.
SMBC Rail Services LLC (SMBC Rail), the railcar operating lessor and fleet management division of Sumitomo Mitsui Banking Corp. (SMBC), on June 1 completed its acquisition of American Railcar Leasing…
AllTranstek L.L.C. has promoted Allison Bernabei to Vice President of Fleet Management Services. Her appointment “will unite the fleet management group, which is comprised of three service teams in our…
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