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Wabtec completes Brazilian acquisition
Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
EPA revises freight car forecast downward for 2012, 2013
Economic Planning Associates, noting that demand for certain freight car types has weakened, has released figures reducing its forecast for 2012 by approximately 3,000 units. EPA said deliveries will rebound…
CIT Rail orders 3,000 tank cars
CIT Group Inc. announced Monday, July 30, that railcar lessor CIT Rail has ordered an additional 3,000 tank cars from multiple manufacturers. Deliveries are to begin in 2014.
ARI 2Q results set record, beat Street
American Railcar Industries, Inc. late Wednesday said its second-quarter consolidated earnings from operations set a new quarterly record of $26.0 million, more than triple the $8.2 million for the second…
Trinity reports surge of railcar orders
Trinity Industries, Inc. reported Wednesday that its Rail Group received orders for approximately 8,610 new railcars and shipped approximately 5,245 railcars during the second quarter.
Wabtec sets record 2Q earnings and sales
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
2Q railcar orders, deliveries grow, ARCI says
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
GATX Corp. 2Q income down; still beats Street
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter…
New railcar marketplace still HOT!
It troubles me to say this, but the new railcar building marketplace, on which I reported here just over a month ago, is still smoking hot! Why am I troubled?…
Wi-Tronix hails users conference utility
Wi-Tronix, LLC on Monday thanked "everyone who attended this year's Users Conference," the first such conference the company held to tap the expertise of "over 100 industry leaders to share, discuss,…
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