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VTG expands U.S. railcar fleet
Hamburg, Germany-based VTG Aktiengesellschaft (VTG), a railcar leasing and rail logistics company, said Tuesday, Dec. 10, 2013 it has expanded its U.S. railcar fleet.
Trinity forms alliance, sets fiscal subsidiary
Trinity Industries, Inc. announced Monday, Dec. 9, 2013, a new strategic alliance with Element Financial Corp., which will work with Trinity's newly formed, wholly-owned subsidiary called TrinityRail Asset Management Co.,…
AAR sets Associate Advisory Board seats
The Association of American Railroads has established its Associate Advisory Board (AAB) seats for calendar years 2014-2015. The AAR received more than 70 nominations for 32 seats on AAR committees.
RSI and REMSA: Big Brazil business for U.S.
The USA Pavilion at last month's Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and The Railway Supply Institute (RSI),…
FreightCar America gets Saudi order
Saudi Railways Organization (SRO) has awarded FreightCar America a $67 million contract to supply 500 freight cars, including cement, cereal, limestone, and ballast hoppers.
CN boosts rail, wheel flaw detection efforts
CN has announced a program to acquire additional monitoring equipment to enhance its strong technological base for early detection of defects.
Aziz released on bail following indictment on fraud charges
Indicted on 10 counts of securities fraud by an Alabama grand jury and facing up to 10 years in prison on each count if convicted, National Steel Car chief executive…
U.S. suppliers to expand InnoTrans presence
The U.S. railway supply industry, through its principal trade and professional associations, will be increasing its presence at InnoTrans 2014, with a goal of increasing export business. Over the period…
ARI reports “strong” 3Q earnings
St. Charles, Mo.-based American Railcar Industries, Inc. has reported "strong" third-quarter earnings of $35.6 million, or 98 cents per share, up 17% from earnings of $30.3 million in the third…
Freight car backlog will boost 2014 deliveries
The backlog of ordered and undelivered new freight cars stands at 73,800 units, “a relatively high level from an historical perspective,” according to Economic Planning Associates (EPA). That high number…
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