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Canada announces faster timeline for phasing out DOT-111 tank cars
Marc Garneau, Minister of Transport, announced on July 26 Protective Direction 38, which accelerates the phasing out of DOT-111 tank cars for crude oil service to November 1, 2016.
Wabtec reports 2Q16 results, updates full-year guidance
Wabtec Corp. on July 25, 2016 reported second-quarter results affected by lower freight sector-related revenues.
Byrne named Vice Chairman, RSICTC
The Railway Supply Institute Committee on Tank Cars (RSICTC) has named veteran railcar design and regulatory compliance and safety professional John Byrne as Vice Chairman. Byrne succeeds William Finn, who…
SMS secures Railway Interchange 2017 contract
Ithaca, N.Y.-based Smith Marketing Services has been awarded a contract for leading the branding effort for Railway Interchange 2017, to be held in Indianapolis Sept. 17-20, 2017.
Freight car market “better than expected”: KeyBanc
The Railway Supply Institute American Railway Car Institute’s (ARCI) second-quarter 2016 freight car order, delivery and backlog statistics are “somewhat better than expected,” according to KeyBanc Capital Markets analyst Steve…
Water by rail ready to roll
A terminal serving the crude oil industry is offering help for drought-stricken California.
Moving energy beyond borders
Can exports revive North America’s crude-by-rail and coal?
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…
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