Freight Cars

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)…
First-quarter 2016 freight car reporting statistics from the Railway Supply Institute (RSI) American Railway Car Institute (ARCI) Committee show that car orders are down, and the backlog (cars ordered but…
Rail equipment lessor CAI Rail Inc. has selected Miner Enterprises, Inc. to supply Double Groove III pneumatic gates for 440 plastic pellet covered hopper cars to be built by National…
InnoTrans, the semi-annual global railway industry trade exhibition and the largest event of its type, is offering discounted tickets to North American attendees. As well, this year’s event will have…
Wabtec Corporation on April 26, 2016 reported results for first-quarter 2016, with higher sales in the company’s Transit Group more than offset by lower sales in the Freight Group, leading…
William Glenn, a 14-year rail industry veteran, has joined railcar and locomotive leasing company Wells Fargo Rail as Chief Commercial Officer. Glenn will be responsible for leading sales, structured sales,…
Half the rail shippers queried in Cowen and Company’s 1Q16 Rail Shipper Survey say they will or may place orders for freight cars in the next twelve months, according to…
The Greenbrier Companies, Inc. on April 5, 2016 reported financial results for its second fiscal quarter, which ended Feb. 29, 2016.
Luther Sigsbee Miller, long-time Editor-in-Chief of Railway Age, died March 8, 2016. He was 89.
LEJAK & Associates, Inc. announced on March 21, 2016 the hiring of Robert Cover as Vice President of Sales and Marketing, Eastern Region. Cover is a veteran of the railway…
KeyBanc Capital Markets attended the 2016 Rail Equipment Finance Conference, and after numerous presentations from railcar OEMs, lessors, shippers and finance companies, believes that the industry is transitioning to a…
Railway Age at REF 2016: The freight car finance and leasing market is challenging, given current economic conditions, but is relatively robust, based on information shared at the 30th annual…
RR Mergers & Acquisitions, specialist in the sale of rail service and supplier companies, announced on March 7, 2016 the sale of Transco Railway Products Inc.’s Bucyrus, Ohio railcar repair…
Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management and CC Industries, Inc., announced March 4, 2016 formation of a new freight railcar leasing company, Riverside Rail.
Union Tank Car Company’s Repair Business Unit has established a tank car remanufacturing facility in Marion, Ohio, the company announced March 1, 2016. The new plant was developed to retrofit…
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…
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…
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…
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