Freight Cars

Chicago-based GATX Corp. Thursday, Oct. 24, 2013 reported third-quarter net income of $53.8 million, or $1.15 per diluted share, compared with net income of $53.8 million, or $1.13 per diluted…
The Railway Supply Institute's American Railway Car Institute (ARCI) Committee on Friday, Oct. 18, 2013, released its railcar industry order, delivery, and backlog statistics for the third quarter, with tank…
The Railway Supply Institute (RSI) and Coordinated Mechanical Associations (CMA) will hold RSI/CMA 2014 on September 21-23 in Montreal, Quebec at the Palais des congrés de Montréal (Montreal Convention Center).
It’s “Febreeze for trains”: a new product from Stage 8 designed to eliminate those awful odors that accompany a trash-carrying train (freight or transit, like the NYC Transit trash train…
Eastern Fluid Power Inc. and FTD Fahrzeugtechnik Bahnen Dessau GmbH have joined the Association of American Railroads as Silver Associate Members.
Welcome to the 2014 edition of the Railroad Financial Desk Book. As regular readers know, every year we take a look back at issues and events that have impacted the…
Heavy-haul freight trains require fully charged brakes. When operating a train on a downgrade, brake usage levels on individual cars climb, equipment heats up, and braking power levels can drop…
New York Air Brake has appointed Bill Kleftis Vice President of Engineering and Dr. Karen Tichenor Vice President of Quality and Program Management.
Wabtec Corp. has acquired Longwood Industries, Inc., a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets, with annual sales of about $70 million. Wabtec expects…
Amsted Rail and Russian freight car builder United Wagon Co. have entered into a joint venture to introduce heavy-haul freight rail rolling stock components into the CIS (Commonwealth of Independent…
The Railway Supply Institute (RSI) said Friday its deadline for early registration to Railway Interchange 2013 has been extended to Sept. 10 for exhibition-only and the Coordinated Mechanical Associations. The…
“Narrowing oil price differentials are impacting carloadings in the near term, but should not deter shippers from making long-term investments in crude-by-rail, which has many inherent logistical benefits that can…
Railway Supply Institute President Tom Simpson announced that the RSI Scholarship Committee has selected 10 students to receive $3,000 scholarships for the 2013/2014 academic year.
Star, N.C.-based Aberdeen Carolina & Western Railway Company (ACWR) has formed a new subsidiary, ACWR Shops, LLC, that repairs and retrofits locomotives, as well as passenger and freight cars, the…
Chicago Freight Car Leasing Co., a subsidiary of Sasser Family Holdings, has named long-time employee Jay Wilensky Vice President, Accounting & Finance.
The Greenbrier Companies, Inc. has signed a multi-year maintenance supply agreement to provide CIT Rail with dedicated access to repair capacity at Greenbrier’s railcar repair and parts shop in Atchison,…
L.B. Foster reported second-quarter net income of $7.3 million, or 71 cents per share, comparing favorably with a net loss of $2 million, or 20 cents per share, in the…
The Andersons, Inc. announced Monday, Aug. 5, 2013, that it has entered into an agreement to acquire Mile Rail, LLC, a railcar repair and cleaning company headquartered in Kansas City, Mo.
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2,…
Those of you who know me well know that I was a brakeman on the Penn Central Railroad while in college. That was 45 years ago, but the recent crude-by-rail…
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