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Greenbrier posts solid fiscal third quarter
The Greenbrier Companies, Inc., reported financial results for its third fiscal quarter ended May 31, 2016 that indicate continued strong performance, despite a railcar market that has softened in recent…
Financial Edge: Rail Insights 2016 takeaways
At the recent Railway Age “Rail Insights 2016” conference, I moderated a panel on the lease market for railcars. My panel participants were Robert Hart from Fifth Third Bank and…
Freight car demand “significantly weakened”: Economic Planning Associates
Railcar demand “has weakened significantly in this year’s opening quarter and backlogs have dropped to only 95,038 cars,” according to the most recent report issued by Economic Planning Associates. The…
Irish Rail tests longer freight trains
Irish Rail (IE) operated a 440 meter (almost 1/3 mile) long container freight train between Dublin North Wall and Claremorris on June 27 as part of trials to introduce longer…
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.
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