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Executive changes at Wabtec
Wabtec Corp. has named Albert J. Neupaver Chairman and CEO, and Raymond T. Betler President and Chief Operating Officer. Their appointments were effective May 14.
UP, GATX host ethanol safety conference
Hands-on safety training was a key feature at Union Pacific’s recent ethanol rail safety conference. Approximately 90 participants representing more than 15 ethanol shippers traveled from a 500-mile radius to…
A look back in time: The GM/Southern Pacific Vert-A-Pac
Remember the Chevrolet Vega and its Pontiac equivalent, the Astre? These cars were shipped long-distance in a rather unusual manner.
FreightCar America notes 1Q earnings loss
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared…
GATX classroom railcar rolls into action
GATX Corp. on Wednesday announced a new classroom railcar will be put into service along with its TankTrainer, a tank car developed to provide hands-on training in maintenance and operation.
For Trinity, a record railcar backlog
Trinity Industries, Inc., in announcing earnings results for the first quarter ended March 31, 2013, noted that the company’s Rail Group received orders for 14,505 new railcars during the first…
Freight car forecast: Wait till 2015
In its current quarterly freight car building forecast, Economic Planning Associates, Inc., says that, except for the booming tank car market, 2013, “in spite of continued [high capital] investments by…
GATX 1Q results slip; railcar leasing is “strong”
GATX Corp. Thursday reported first-quarter net income of $27.1 million, or 57 cents per diluted share, down from $30.3 million, or 64 cents per diluted share, in the first quarter…
ARI 1Q earnings rise
American Railcar Industries late Wednesday reported first-quarter net earnings of $17.9 million for its first quarter ended March 31, up a substantial 49% from the prior-year quarter, mostly on strong…
Wabtec reports solid 1Q results
Wabtec Corp. Wednesday morning reported net income from operations of $104 million, or earnings of $1.44 per diluted share, for the first quarter of 2013, up 18% from the same…
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