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2014 Railroad Financial Desk Book
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…
NYAB DB-60 II control valve maintains brake pressure on grades
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…
NYAB names execs to engineering, quality and program management posts
New York Air Brake has appointed Bill Kleftis Vice President of Engineering and Dr. Karen Tichenor Vice President of Quality and Program Management.
Wabtec acquires Longwood
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…
Motion Control momentum in Russia
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…
RSI: Interchange 2013 registration deadline extended
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…
Crude by rail: The outlook is good
“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…
RSI announces scholarship recipients
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.
N.C. short line to launch locomotive repair works
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 promotes Wilensky
Chicago Freight Car Leasing Co., a subsidiary of Sasser Family Holdings, has named long-time employee Jay Wilensky Vice President, Accounting & Finance.
Greenbrier, CIT Rail enter into railcar maintenance agreement
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,…
Better 2Q for L.B. Foster in 2013
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 acquiring railcar repair operation
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 marks 2Q loss
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,…
Trinity Industries 2Q beats Street
Trinity Industries, Inc. late Wednesday, July 31, 2013, posted second-quarter earnings of $84 million, or $1.06 per share, surpassing second-quarter 2012 income of $67.8 million, or 84 cents per share.
FreightCar America commences production in Alabama
FreightCar America, Inc. has commenced production at its new Shoals facility in Cherokee, Ala. The company sub-leased approximately 25% of the manufacturing facility from Navistar, Inc. earlier this year.
Freight car market headed for new growth in 2014
Economic Planning Associates, in its quarterly freight car building forecast released Monday, July 29, expects this year’s numbers, which are lagging about 11% behind 2012’s, to improve significantly in 2014. “Based…
American Railcar Industries logs strong 2Q
American Railcar Industries, Inc. (ARI) reported second-quarter earnings of $23.6 million, or $1.11 per share, late Wednesday, July 24, 2013, following the close of trading on the New York Stock…
Analyst: Tank cars still driving orders in 2Q
Figures released Friday, July 19, 2013, by the Railway Supply Institute's American Railcar Institute Committee (ARCI) show that tank cars continued to be a driving force in railcar orders during…
GATX net rises in second quarter
GATX Corp. Thursday, July 18, 2013, reported higher second-quarter net income of $35.1 million, or 74 cents per share, compared with $23.5 million, or 49 cents per share, in the…
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