Freight Cars

In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
Whiting Corp., a North American manufacturer of custom-built rail maintenance equipment and overhead cranes, is acquiring certain railcar and locomotive repair assets from L.B. Foster Rail Technologies, Inc.
In a letter to Washington Governor Jay Inslee, the president of the Washington State Council of Fire Fighters, Dennis Lawson, asked “to prohibit rail transport of Bakken crude through our…
Citing “reductions in new railcar demand and improved efficiencies of the railroads in North America for the foreseeable future,” Amsted Rail is temporarily idling its Bessemer, Ala., Griffin® wheel facility.…
AllTranstek LLC has expanded it fleet management services to include a fourth team, and has promoted several key managers.
FreightCar America, Inc. announced May 27, 2016 that its Board of Directors has appointed Theodore (Ted) W. Baun as Chief Commercial Officer, effective June 1, 2016.
Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl attended the National Association of Rail Shippers (NARS) 2016 Annual Meeting, and offers the following report:
Union Pacific Chairman, President and CEO Lance M. Fritz will be the keynote speaker at the RSI/CMA 2016 Rail Expo & Technical Conference on Monday, Oct. 3, 2016 in Omaha,…
Janam Technologies LLC, a provider of rugged mobile computers that scan barcodes and communicate wirelessly, and Buckeye Mountain, a provider of mobile technology for the railroad industry, announced May 24,…
The Greenbrier Companies, Inc. on May 24, 2016 entered into an agreement to acquire a 19.5% ownership stake in Amsted-Maxion Cruzeiro for $10 million.
Miner Enterprises, Inc. has released its latest inspection and installation Field Guide and Wall Chart.
For the week ending May 14, 2016, total U.S. weekly rail traffic was 498,379 carloads and intermodal units, down 9.2% compared with the same week last year, according to the…
The U.S. Army Corps of Engineers has denied and halted the permitting process for the $700 million Gateway Pacific Terminal project in Washington State because of objections by the Native…
In a rarity in Congress, the U.S. Senate unanimously passed the Railroad Emergency Services Preparedness, Operational Needs, and Safety Evaluation (RESPONSE) Act on May 11, 2016.
For the 20th consecutive year, TTX awarded Strato with its 2015 SECO (Supplier Evaluation Committee) Award.
CN announced on May 5, 2016 it has been recognized as one of the three recipients of the prestigious Responsible Care Partner of the Year award of the American Chemistry…
Holland LP has received the “TTX Excellent Supplier” designation based on its overall SECO (Supplier Evaluation Committee) evaluation for 2015. This is the company’s 20th time to be recognized, and…
From the April 2016 issue of Railway Age: How machine vision is revolutionizing automated vehicle health monitoring.
From the May 2106 issue of Railway Age: “It never hurts to keep looking for sunshine,” Eeyore once said. However, in the rail economy, it’s the end of first-quarter 2016,…
“All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII)…
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