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Anthony D. Kruglinski, 1947-2014
Anthony D. “Tony” Kruglinski, Founder and President of Railroad Financial Corporation and Railway Age’s long-time Financial Editor, died Sunday, June 15, at his home in West Orange, N.J., of pancreatic cancer.…
Hamberger outlines industry's CBR safety strides
Addressing the Railway Age Crude By Rail Conference in Arlington, Va., Thursday, June 12, 2014, Association of American Railroads (AAR) President and CEO Edward R. Hamberger detailed the many steps…
Miner touts AggreGate outlets sale
Miner Enterprises Inc. said Thursday, June 12, 2014 that "a Class I railroad has selected Miner's 5-foot manual AggreGate® outlets for 54 new ballast cars currently being built by FreightCar…
2014 Railway Age Guide to Equipment Leasing
The leasing marketplace is volatile, aggressive, and hungry.
Stage set for RSI/CMA 2014, Canadian Rail Summit
Conference registration and hotel reservations have begun for RSI/CMA 2014, the Railway Supply Institute's (RSI) annual trade show and conference, to be held in conjunction with the Railway Association of…
UBS: “No collapse in tank cars imminent”
“Tank car concerns are creating quite a stir,” says Eric Crawford of UBS Investment Research, commenting on the tank car market.
Greenbrier, Watco set railcar repair joint venture
The Greenbrier Cos., Inc. and Watco Companies, LLC announced early Wednesday, June 4, 2014, a new company that will create a North American network of railcar repair shops.
UTLX “Tank Car of Tomorrow” nears testing milestone
Union Tank Car Company’s patent-pending, prototype “Tank Car of Tomorrow” TIH pressure tank car is nearing completion of its second year of accelerated field tests, “reliably equaling more than five…
Greenbrier, Mitsubishi UFJ Lease & Finance join forces
The Greenbrier Companies, Inc. has entered into an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of…
Greenbrier: 7,000 railcars, $700 million
The Greenbrier Companies, Inc. received new orders in April and May for 7,000 railcar units valued at more than $700 million.
Greenbrier opens Dallas-Fort Worth regional hub
The Greenbrier Companies, Inc. has opened a new regional hub in the Dallas-Fort Worth area that “positions us closer to the bulk of our customer base and North American operations,…
New roles for Wabtec’s Neupaver, Betler
Wabtec Corp. has named Albert J. Neupaver Executive Chairman and promoted Raymond T. Betler to President and CEO, effective May 14, 2014. Betler was also appointed to the Wabtec Board…
Safety appliance evolution
In 2011, the FRA established a process in Part 231.33 of Title 49 of the Code of Federal Regulations for industry organizations like the AAR to submit new safety appliance…
FCA cites winter weather for 1Q woes
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
RSI Scholarship deadline one month away
The Railway Supply Institute (RSI) said Monday, May 5, 2014 that its RSI scholarship program deadline is May 31.
Freight car forecast: 62,300 units in 2014
Economic Planning Associates has made a modest upward revision to its freight car deliveries estimate for 2014, to 62,300 units. This number, EPA said, “is based on first-quarter 2014’s strength…
ARI profitable 1Q fails to beat Street
American Railcar Industries, Inc. reported a first-quarter profit of $20.8 million, or 97 cents per share, late Wednesday, April 30, 2014, after the closing bell on Wall Street. compared with…
Trinity Industries record 1Q beats Street
Trinity Industries on Tuesday, April 29, 2014, reported record net income of $226.4 million, or $2.85 per share, during its first quarter, up substantially from $79.1 million, or 99 cents…
Exhibit sales open for REMSA/RSI-Hosted USA Pavilion at Brazil’s NT Expo
Exhibit sales are now open for the USA Pavilion at the Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and…
GATX EPS beats Wall Street consensus estimate
GATX Corp. on Thursday, April 24, 2014, reported $0.82 earnings per share (EPS) for first-quarter 2014, beating Wall Street’s consensus estimate of $0.76 by $0.06.
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