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Freight cars: Backlog bolsters deliveries, but it won’t last
The most recent freight car forecast from Economic Planning Associates calls for deliveries of just under 62,000 units in 2016, as carbuilders work off significant backlogs, followed by a 21,000-car…
Amsted Rail agrees to acquire Amsted Rail-Faiveley brake components business
Amsted Rail announced Oct. 28 that it has entered into an agreement to acquire 100% ownership of the Amsted Rail-Faiveley brake component business for freight cars.
GBX stock slide "unwarranted": Cowen and Company
Investors tend to be a fickle, knee-jerking lot, and when it comes to railroads or railroad suppliers, often clueless. Case in point: The Greenbrier Companies stock price taking a 6.52%…
Greenbrier FY16 results: Record revenue of $2.68 billion
Greenbrier on Oct. 25 reported results for its fourth quarter and fiscal year ending Aug. 31, 2016, as well as orders for 2,300 railcars valued at $200 million.
“Civil War-era” technology? You’re joking, right?
I’ve heard some pretty disingenuous (that’s a polite word for “dopey”) things said about railroads in my nearly 25 years at Railway Age. Nearly all of them have come from…
Rittenbaum rising at GLC
Mark J. Rittenbaum, Executive Vice President, Commercial & Leasing at The Greenbrier Companies, Inc. is transitioning to President of Greenbrier Leasing Corp. (GLC), in anticipation of James T. Sharp’s retirement…
Strato taps Lullman for key sales post
Long-time railway supply executive Alan C. Lullman has joined Strato, Inc. as Vice President of Sales. He brings a broad range of experience including executive sales and business development for the…
Davage joins Caltrax
Caltrax Inc, announced that Don Davage has joined their rail team.
For carbuilders, a sliver of hope amid continued weakness
The percentage of shippers planning to order railcars ticked down for the second consecutive quarter, but on a same-shipper basis, the percentage increased modestly, and the conviction level about ordering…
Greenbrier-Astra Rail formed in Europe
The Greenbrier Companies, Inc. and Astra Rail Management GmbH on Oct. 13 announced formation of Greenbrier-Astra Rail, a new company “that will create an end-to-end, Europe-based freight railcar manufacturing, engineering…
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