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Strato CEO gets Ernst & Young award
Ernst & Young LLP has honored Michael Foxx, CEO of Piscataway, N.J.-based railroad supplier Strato, Inc., with its Ernst & Young Entrepreneur Of The Year® 2012 Award in the Industrial…
RSI/CMA 2012 Early Registration extended
Early registration has been extended through Friday, Aug. 17, for the upcoming RSI/CMA 2012 event at the Sheraton Chicago Hotel & Towers, in Chicago Sept. 22-25. Those registering by Aug.…
L.B. Foster takes warranty charge against 2Q earnings
L.B. Foster Co. on Wednesday said its second-quarter 2012 earnings and sales declined relative to the comparable quarter in 2011, but noted a solid backlog for rail product orders and…
FreightCar America 2Q revenue, net income rise
FreightCar America, Inc. on Monday reported second-quarter revenue of $181.2 million and net income of $5.6 million, or 46 cents per diluted share, compared with revenue of $97.6 million and…
Wabtec completes Brazilian acquisition
Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
EPA revises freight car forecast downward for 2012, 2013
Economic Planning Associates, noting that demand for certain freight car types has weakened, has released figures reducing its forecast for 2012 by approximately 3,000 units. EPA said deliveries will rebound…
CIT Rail orders 3,000 tank cars
CIT Group Inc. announced Monday, July 30, that railcar lessor CIT Rail has ordered an additional 3,000 tank cars from multiple manufacturers. Deliveries are to begin in 2014.
ARI 2Q results set record, beat Street
American Railcar Industries, Inc. late Wednesday said its second-quarter consolidated earnings from operations set a new quarterly record of $26.0 million, more than triple the $8.2 million for the second…
Trinity reports surge of railcar orders
Trinity Industries, Inc. reported Wednesday that its Rail Group received orders for approximately 8,610 new railcars and shipped approximately 5,245 railcars during the second quarter.
Wabtec sets record 2Q earnings and sales
Wabtec Corp. Tuesday said it notched record earnings and sales in its second quarter, as the company increased its earnings guidance for the full year.
2Q railcar orders, deliveries grow, ARCI says
Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
GATX Corp. 2Q income down; still beats Street
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter…
Wi-Tronix hails users conference utility
Wi-Tronix, LLC on Monday thanked "everyone who attended this year's Users Conference," the first such conference the company held to tap the expertise of "over 100 industry leaders to share, discuss,…
Wabtec wins Australia ECP order
Wabtec Corp. announced Tuesday that it has signed a contract valued at about $28 million to supply electronically controlled pneumatic (ECP) braking equipment for 159 locomotives operated by Rio Tinto, a mining company…
Hawthorne named NYAB president
New York Air Brake has appointed Michael J. Hawthorne as president, effective July 1, 2012, upon the retirement of J. Paul Morgan.
Greenbrier reports record quarterly revenue
Greenbrier reported Thursday that revenue for its third fiscal quarter reached a record $507.8 million, up 11% from $458.2 million in the second quarter and up 60% from $317.3 million in the…
Wheel failure is not an option
The industry spends close to $1 billion annually replacing bad wheelsets. What can be done to reduce this cost, and to improve safety? To state the obvious, round wheels are…
2012 Guide to Equipment Leasing
Most years when we tackle this special issue on leasing, we lead with an article on “operating” leasing. We do this because many of our readers are operating lessors or…
Wabtec makes $88 million acquisition
Wabtec Corp. announced Thursday that it has acquired Mors Smitt Holding, a global provider of electronic components for rail and industrial markets, from Eurazeo PME, for about $88 million.
Kasgro builds “World’s Largest Railroad Car”
A newly manufactured Schnabel Car, WECX 801, built by Kasgro Railcar, Newcastle, Pa., is being called the “World’s Largest Railroad Car.” The 231-foot, 400-ton, 36-axle behemoth rises 18 feet above…
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