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Analysis: OPEC move tugs at railcar expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, "[g]iven the dramatic share price volatility in the railcar space following…
Analyst: Crude oil E&P capex may affect railcar pricing
In a Dec. 3, 2014 railcar analysis report, UBS analyst Eric Crawford says that anticipated 2015 crude oil E&P (exploration and production) capital expenditure reductions may adversely impact railcar pricing.
ARI honored by Missouri Chamber of Commerce and Industry
The Missouri Chamber of Commerce and Industry presented freight car manufacturer American Railcar Industries, Inc. (ARI) with a 2014 Missouri Fast Track Award during its annual meeting on Nov. 20, 2014.
Report: Proposed tank car rule is costly
A report prepared by The Brattle Group on Tuesday, Dec. 2, 2014, states that a new proposed rule on railroad tank cars could cost the U.S. economy as much as…
Greenbrier names Isselmann to Senior VP slot
The Greenbrier Companies has promoted Vice President, External Affairs & Communications Jack Isselmann to Senior Vice President, External Affairs & Programs.
Vertex Rail readies for North Carolina start-up
Vertex Rail Technologies LLC, a manufacturer of railroad tank cars, announced on Nov. 13, 2014 that it is opening a new plant in Wilmington, N.C., at a site that until…
Is coal on a comeback?
With utility losses stabilizing and global demand still strong, carloads are edging upward.
A. Stucki Co. forms subsidiaries
Pittsburgh-based A. Stucki Co. on Monday, Nov. 10, 2014 said it is forming "several subsidiaries into an industrial division to emphasize its full range of production capabilities."
Miner completes testing for AAR S-213 boxcar plug door standard
Miner Enterprises has concluded boxcar plug door testing for door manufacturers pursuant to newly revised Association of American Railroads Standard S-213. A series of tests were conducted for the AAR…
Freight car backlog nears 125,000
The freight car backlog at the end of third-quarter 2014 amounted to 124,437 cars and platforms, the highest backlog level since October 1979’s 127,887 (when figures were compiled monthly), according…
FreightCar America 3Q earnings much improved
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in…
Greenbrier Cos. touts record 4Q, full year
The Greenbrier Cos., Inc. on Thursday, Oct. 30, 2014 announced "record results for [the] fourth quarter and fiscal year," adding it had received orders of "an additional 11,400 units" after…
ARI 3Q revenue slips, but backlog grows
American Railcar Industries, Inc. (ARI) reported a drop in third-quarter revenue 2014 relative to the comparable period in 2013. St. Charles, Mo.-based ARI announced its results late Wednesday, Oct. 29,…
L.B. Foster to acquire Balfour Beatty unit
L.B. Foster Co. announced on Wednesday, Oct. 29, 2014, an agreement to acquire the railroad tuning unit, FWO, of Balfour Beatty Rail GmbH. The German business provides track lubrication and switch roller…
Trinity Industries 3Q earnings rise
Trinity Industries, Inc. announced third-quarter earnings of $149.4 million, or 90 cents per diluted share, up 43% from $99.6 billion, or 63 cents per share, in the third quarter of…
Wabtec marks successful third quarter
Wabtec Corp. on Tuesday, Oct. 28, 2014 announced "record results" for its third quarter, led by record earnings per diluted share of 93 cents, up 22% from the comparable quarter…
RSI stats show 3Q14 car orders break record
The Railway Supply Institute on Thursday, Oct. 23, 2014 released its railcar industry order, delivery, and backlog statistics for the third quarter, noting the quarter was the largest ever for…
Strato honored by N.J. manufacturing industry
Piscataway, N.J.-based Strato, Inc., says it has been named New Jersey Manufacturer of the Year 2014 by NJBIZ, a business publication.
Greenbrier calls for no delays on PHMSA rulemaking, legacy tank car retrofits
Greenbrier on Oct. 10, 2014 reiterated its support for the Pipelines and Hazardous Materials Safety Administration’s (PHMSA) proposed Option 2 design for new tank cars in flammable service built after…
Improving safety on North America’s “122-inch pipeline”
Are corrosion protection strategies for rail “all hat and no cattle?” (all talk, no substance?). James McDonald, Terry Aben P.E., and Douglas Mittlesteadt of Hempel USA examine this subject for…
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