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Carbuilder consolidation might make sense: Cowen and Co.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
Whiting, L.B. Foster strike a deal
Whiting Corp., a North American manufacturer of custom-built rail maintenance equipment and overhead cranes, is acquiring certain railcar and locomotive repair assets from L.B. Foster Rail Technologies, Inc.
WA Council of Fire Fighters asks for halt of Bakken crude by rail
In a letter to Washington Governor Jay Inslee, the president of the Washington State Council of Fire Fighters, Dennis Lawson, asked “to prohibit rail transport of Bakken crude through our…
Amsted Rail idling Bessemer wheel facility
Citing “reductions in new railcar demand and improved efficiencies of the railroads in North America for the foreseeable future,” Amsted Rail is temporarily idling its Bessemer, Ala., Griffin® wheel facility.…
AllTranstek expands fleet management services
AllTranstek LLC has expanded it fleet management services to include a fourth team, and has promoted several key managers.
FreightCar America appoints Ted Baun Chief Commercial Officer
FreightCar America, Inc. announced May 27, 2016 that its Board of Directors has appointed Theodore (Ted) W. Baun as Chief Commercial Officer, effective June 1, 2016.
Jason Seidl: Takeaways from the NARS 2016 Annual Meeting
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the National Association of Rail Shippers (NARS) 2016 Annual Meeting, and offers the following report:
Lance Fritz to keynote RSI/CMA 2016
Union Pacific Chairman, President and CEO Lance M. Fritz will be the keynote speaker at the RSI/CMA 2016 Rail Expo & Technical Conference on Monday, Oct. 3, 2016 in Omaha,…
Buckeye Mountain selects Janam RFID hardware
Janam Technologies LLC, a provider of rugged mobile computers that scan barcodes and communicate wirelessly, and Buckeye Mountain, a provider of mobile technology for the railroad industry, announced May 24,…
Greenbrier ups Brazilian investments
The Greenbrier Companies, Inc. on May 24, 2016 entered into an agreement to acquire a 19.5% ownership stake in Amsted-Maxion Cruzeiro for $10 million.
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