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The Andersons acquiring railcar repair operation
The Andersons, Inc. announced Monday, Aug. 5, 2013, that it has entered into an agreement to acquire Mile Rail, LLC, a railcar repair and cleaning company headquartered in Kansas City, Mo.
FreightCar America marks 2Q loss
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2,…
My summer of '68 (or: How a string of tank cars almost killed me!)
Those of you who know me well know that I was a brakeman on the Penn Central Railroad while in college. That was 45 years ago, but the recent crude-by-rail…
Trinity Industries 2Q beats Street
Trinity Industries, Inc. late Wednesday, July 31, 2013, posted second-quarter earnings of $84 million, or $1.06 per share, surpassing second-quarter 2012 income of $67.8 million, or 84 cents per share.
FreightCar America commences production in Alabama
FreightCar America, Inc. has commenced production at its new Shoals facility in Cherokee, Ala. The company sub-leased approximately 25% of the manufacturing facility from Navistar, Inc. earlier this year.
Freight car market headed for new growth in 2014
Economic Planning Associates, in its quarterly freight car building forecast released Monday, July 29, expects this year’s numbers, which are lagging about 11% behind 2012’s, to improve significantly in 2014. “Based…
American Railcar Industries logs strong 2Q
American Railcar Industries, Inc. (ARI) reported second-quarter earnings of $23.6 million, or $1.11 per share, late Wednesday, July 24, 2013, following the close of trading on the New York Stock…
Analyst: Tank cars still driving orders in 2Q
Figures released Friday, July 19, 2013, by the Railway Supply Institute's American Railcar Institute Committee (ARCI) show that tank cars continued to be a driving force in railcar orders during…
GATX net rises in second quarter
GATX Corp. Thursday, July 18, 2013, reported higher second-quarter net income of $35.1 million, or 74 cents per share, compared with $23.5 million, or 49 cents per share, in the…
Wabtec gets bogies contract in Mauritania
Wabtec Corp. said July 15 that it has signed a $21 million contract with SNIM (Société Nationale Industrielle et Minière), the National Industrial and Mining Co. of Mauritania, to provide bogies…
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