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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…
Freight car orders stay strong in 4Q15
The Railway Supply Institute on Jan. 28, 2016 published its railcar industry order, delivery and backlog statistics for fourth-quarter 2015, and overall, the sector looks solid, according to Steve Barger,…
Keybanc's Barger: Railcar builders in a relatively good place
Steve Barger of KeyBanc Capital Markets attended the Midwest Association of Rail Shippers Conference, where, in conversations with railcar OEMs, lessors and shippers, he came to the general conclusion that,…
Cando Rail Services expanding into B.C.
Brandon, Manitoba-based Cando Rail Services is expanding into British Columbia with the recent purchase of an 89-acre site in Kamloops for a new terminal. The terminal will have the capacity…
Railway Age announces winners of inaugural Fast Trackers contest
After nearly three months and 57 entries later, Railway Age editors, along with judges Nick Little, Managing Director of Michigan State University’s Railway Management Program and Ronald L. Batory, President…
Greenbrier posts record fiscal first quarter
The Greenbrier Companies, Inc. on Jan. 7, 2016 reported record financial results for its first fiscal quarter ended Nov. 30, 2015.
AAR certifies Vertex Railcar Corp.
Vertex Railcar Corp. of Wilmington, N.C., has achieved two certifications from the Association of American Railroads (AAR). Following official site audits this fall, AAR representatives certified that the Vertex facility…
KeyBanc: Wabtec story "intriguing"
During much of fourth-quarter 2015, investor interest in Wabtec (Westinghouse Air Brake Technologies Corp.) has increased due to concerns about the North American railcar cycle, Wabtec’s pending acquisition of Faiveley…
Greenbrier new business: 1,800 railcars, $170 million
The Greenbrier Companies, Inc. on Dec. 15, 2015 announced that, since Sept. 1, 2015, the beginning of its fiscal year, it has received orders for approximately 1,800 railcar units valued…
Cowen and Company: Greenbrier "thinking outside the tank"
Cowen and Company’s Matt Elkott expects freight car builder The Greenbrier Companies (GBX) “to make strategic adjustments to position itself well amidst changing railcar dynamics, potentially through acquisitions.”
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