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Freight car orders, backlog soar in first quarter—and it’s not tank cars
Freight car orders in 2014’s first quarter soared about 38% from fourth-quarter 2013, to 24,050 units, pushing builder backlogs up around 12% to 81,927, according to the most recent Railway…
Wabtec reports record first quarter
Wabtec Corp. on Wednesday, April 22, 2014 reported record results for first-quarter 2014 and affirmed its 2014 guidance for earnings per diluted share of about $3.45, with revenues expected to…
Jim Cowan joins Greenbrier as SVP Operations
Railway supply veteran Jim Cowan has joined The Greenbrier Companies, Inc. as Senior Vice President, Operations, a newly created position. He will report to Chairman and CEO William A. Furman.
From Midland Manufacturing, a safer, stronger pressure relief valve
Midland Manufacturing of Skokie, Ill, a Dover Corp. company and supplier of valves and level-measurement devices for the rail tank car market since 1951, is among the equipment manufacturers on…
NSC’s new crude oil “slick”
National Steel Car, which has been building freight cars in Hamilton, Ont., for 102 years, has entered the railroad tank car market with a 31,800-gallon DOT-111 “slick” (non-jacketed, non-coil) general-purpose…
Rolling contact fatigue root causes
Use of self-steering trucks can result in a significant reduction of high impact wheel removals, compared to traditional, non-steering three-piece units.
Rail Equipment Finance 2014 roundup
For those of you unable to join the more than 400 attendees at Rail Equipment Finance 2014, “Financial Edge” is here to help.
Freight cars: Growth, renewal continue
Understanding the dynamic North American revenue-earning rail equipment fleet is important to logistics system stakeholders including railroads, shippers, financial institutions, car builders, suppliers, and others associated with the industry. Railinc’s…
Greenbrier Cos. 2Q earnings disappoint Street
Lake Oswego, Ore.-based The Greenbrier Cos., Inc. reported second-quarter earnings Thursday, April 3, 2014, with gains in revenue and earnings measured against the comparable quarter in 2013. But Wall Street…
Timken Co., United Wagon in joint venture
Canton, Ohio-based The Timken Co. said Tuesday, March 24, 2014 it has entered into an agreement with Moscow-based United Wagon Co. (UWC) to "establish a joint venture to manufacture Timken®…
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