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Greenbrier CCO transitions from role
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…
Vertex Railcar Corp. launches leasing subsidiary
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…
NYAB: “Safety glasses and smiles”
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…
Rail equipment market: "Slow and steady growth, positive and healthy"
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…
BNSF drives $1.2 billion in customer investments
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 manufacturing under way
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…
Wabtec: Strong 2015, promising 2016
Wabtec Corporation on Feb. 18, 2016 reported record results for fourth-quarter 2015, as higher sales in the company’s Freight Group more than offset lower sales in the Transit Group, which…
Guest Editorial: It’s time for Carload Version 2.0
As the rail industry suffers through the 2015-2016 winter of its discontent, it is becoming clearer with each passing week that as an industry we are entering uncharted territory. Former…
Duos Technologies lands railcar imaging system contract
A U.S. Class I railroad has awarded Duos Technologies Group, Inc. a contract for a Vehicle Undercarriage Examiner (vue™) imaging system. The name of the railroad was not disclosed.
Rittenbaum, Tekorius ascend at Greenbrier
The Greenbrier Companies, Inc. has promoted two senior-level executives to new positions. CFO Mark J. Rittenbaum, has been promoted to the newly created position of Executive Vice President, Commercial, Leasing…
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