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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…
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.
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