Freight Cars

New York Air Brake has appointed Michael J. Hawthorne as president, effective July 1, 2012, upon the retirement of J. Paul Morgan.
Greenbrier reported Thursday that revenue for its third fiscal quarter reached a record $507.8 million, up 11% from $458.2 million in the second quarter and up 60% from $317.3 million in the…
The industry spends close to $1 billion annually replacing bad wheelsets. What can be done to reduce this cost, and to improve safety? To state the obvious, round wheels are…
Most years when we tackle this special issue on leasing, we lead with an article on “operating” leasing. We do this because many of our readers are operating lessors or…
Wabtec Corp. announced Thursday that it has acquired Mors Smitt Holding, a global provider of electronic components for rail and industrial markets, from Eurazeo PME, for about $88 million.
A newly manufactured Schnabel Car, WECX 801, built by Kasgro Railcar, Newcastle, Pa., is being called the “World’s Largest Railroad Car.” The 231-foot, 400-ton, 36-axle behemoth rises 18 feet above…
The Phillips 66 Co. is reported to be acquiring 2,000 new tank cars to move oil from North Dakota to Phillips 66 refineries on the Atlantic and Pacific coasts.
Regional Rail, LLC says it has acquired a construction and demolition debris (C&D) rail-served transfer station in Conshohocken, Pa.
CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
GATX Corp. announced Tuesday that its subsidiary, GATX India Private Limited (GIPL), has entered the Indian marketplace with the purchase of 450 container flat cars.
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