Freight Cars

Railway Age at REF 2016: The freight car finance and leasing market is challenging, given current economic conditions, but is relatively robust, based on information shared at the 30th annual…
RR Mergers & Acquisitions, specialist in the sale of rail service and supplier companies, announced on March 7, 2016 the sale of Transco Railway Products Inc.’s Bucyrus, Ohio railcar repair…
Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management and CC Industries, Inc., announced March 4, 2016 formation of a new freight railcar leasing company, Riverside Rail.
Union Tank Car Company’s Repair Business Unit has established a tank car remanufacturing facility in Marion, Ohio, the company announced March 1, 2016. The new plant was developed to retrofit…
The Greenbrier Companies, Inc. announced Feb. 26, 2016 that William Glenn, Senior Vice President and Chief Commercial Officer has decided to pursue opportunities outside the company. Effective immediately, Glenn is…
Wilmington, N.C.-based Vertex Railcar Corp. on Feb. 25, 2016 announced launch of Vertex Rail Leasing, LLC, which is structured as a wholly owned subsidiary “and will serve as a leasing…
New York Air Brake LLC, part of the Knorr Bremse Group, is commemorating Engineers Week 2016, Feb. 21-27, through a lineup of events “that reaches out to future engineers and…
As many readers of the “Financial Edge” know, the end of 2015 saw the purchase of General Electric Railcar Services, one of the largest and in some ways oldest of…
Customers served by BNSF Railway invested $1.2 billion in new or expanded facilities in 103 communities and created more than 1,500 jobs across the BNSF rail network in 2015, marking…
Vertex Railcar Corp’s new freight car manufacturing facility in Wilmington, N.C., is being outfitted to produce 8,000 cars per year. However Vertex CEO Donald Croteau says that with the company’s…
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