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"Not all misses are created equal"
“All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII)…
ARCI: Freight car market slowing down
First-quarter 2016 freight car reporting statistics from the Railway Supply Institute (RSI) American Railway Car Institute (ARCI) Committee show that car orders are down, and the backlog (cars ordered but…
For Miner, a major gate order
Rail equipment lessor CAI Rail Inc. has selected Miner Enterprises, Inc. to supply Double Groove III pneumatic gates for 440 plastic pellet covered hopper cars to be built by National…
InnoTrans 2016: North American attendee discount, strong Canadian presence
InnoTrans, the semi-annual global railway industry trade exhibition and the largest event of its type, is offering discounted tickets to North American attendees. As well, this year’s event will have…
Wabtec reports first quarter EPS of $1.02
Wabtec Corporation on April 26, 2016 reported results for first-quarter 2016, with higher sales in the company’s Transit Group more than offset by lower sales in the Freight Group, leading…
Glenn joins Wells Fargo Rail as CCO
William Glenn, a 14-year rail industry veteran, has joined railcar and locomotive leasing company Wells Fargo Rail as Chief Commercial Officer. Glenn will be responsible for leading sales, structured sales,…
Shipper survey: Rail equipment outlook not as bad as perceived
Half the rail shippers queried in Cowen and Company’s 1Q16 Rail Shipper Survey say they will or may place orders for freight cars in the next twelve months, according to…
Greenbrier posts solid second quarter results
The Greenbrier Companies, Inc. on April 5, 2016 reported financial results for its second fiscal quarter, which ended Feb. 29, 2016.
Luther S. Miller, Nov. 30, 1926 – March 8, 2016
Luther Sigsbee Miller, long-time Editor-in-Chief of Railway Age, died March 8, 2016. He was 89.
Cover joins LEJAK & Associates as VP Sales and Marketing
LEJAK & Associates, Inc. announced on March 21, 2016 the hiring of Robert Cover as Vice President of Sales and Marketing, Eastern Region. Cover is a veteran of the railway…
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