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Wabtec reports solid 1Q results
Wabtec Corp. Wednesday morning reported net income from operations of $104 million, or earnings of $1.44 per diluted share, for the first quarter of 2013, up 18% from the same…
Tank cars drive 1Q railcar market
Figures released Wednesday by the Railway Supply Institute's American Railway Car Institute (ARCI) Committee show 23,901 cars were ordered in the first quarter of 2013, while 11,952 cars were delivered,…
Railinc staff joins car-hire training at ASLRRA convention
Railinc will participate in car-hire training, including leading sessions, at the American Short Line and Regional Railroad Association (ASLRRA) 2013 annual convention in Atlanta, April 27-May 1.
Railinc issues 2012 Railcar Report
The size of the North American revenue-earning freight railcar fleet increased by 1% in 2012, but has not recovered to pre-recession population levels, according to Railinc’s annual North American Freight…
Greenbrier Cos. 2Q earnings fall, but beat Street
Lake Oswego, Ore.-based The Greenbrier Cos. Thursday reported net earnings of $13.8 million, or 45 cents per diluted share, in its second fiscal quarter ending Feb. 28, 2013. That was…
Greenbrier Cos. touts new orders for 5,400 railcars
Lake Oswego, Ore.-based The Greenbrier Companies, Inc. late Wednesday said it received new orders in January, February, and March for 5,400 railcar units valued at approximately $575 million.
TTX’s Adcock to address The New Intermodal Age
TTX Co. AVP-Marketing Frank Adcock will outline the challenges of "Managing the national equipment pool" at The New Intermodal Age Conference and Expo, to be held next week, April 2-3,…
Analyzing “fail to couple” yard events
When it occurs, car-coupling failure adds cost to the bottom line, adding up to millions of dollars each year, and making prevention a priority.
Cold Train to open Chicago office
Cold Train said Monday it is opening a new office in downtown Chicago in 2013 to aid "hauling more cargo and various products back from the Midwest and East Coast…
Timken Co. to buy Greenbrier Cos. asset package
The Greenbrier Cos. Thursday said it has reached agreement with The Timken Co. to sell "substantially all the equipment utilized in Greenbrier's reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky."
Record 4Q, full-year earnings for ARI
St. Charles, Mo.-based American Railcar Industries late Wednesday reported record fourth-quarter earnings of $24.4 million, up from $5.1 million in the fourth quarter of 2011. Revenue for the quarter was…
Rail Group aids Trinity's 4Q, full-year results
Trinity Industries announced Wednesday that Rail Group orders for 5,620 new railcars during the fourth quarter pushed its backlog to 31,990 units valued at $3.7 billion. The Rail Group shipped 4,960 railcars…
FreightCar America logs 4Q loss
FreightCar America, Inc. late Tuesday reported a net loss of $1 million, or 8 cents per diluted share, on revenue of $116.6 million in the fourth quarter, compared with net…
Wabtec reports record 4Q, full-year results
Wabtec Corp. said Tuesday record fourth-quarter earnings per diluted share of $1.34, 40% above EPS in the fourth quarter of 2011 and topping Wall Street analyst consensus estimates of $1.31.…
Miller Felpax to expand facilities
Miller Felpax Corporation plans to expand its facilities by 20% to include additional offices, warehousing, and training and innovation lab facilities.
McKinstry: Cold Train shrinks carbon footprint
Seattle-based energy and facility services firm McKinstry released a carbon analysis study confirming that the Cold Train refrigerated express intermodal service to/from the Port of Quincy Intermodal Terminal produces a…
PBF Energy East Coast rail facility to see first unit train, further infrastructures improvements
PBF Energy Inc. announced today the completion of the second crude oil unloading facility at its subsidiary's Delaware City refinery. The construction of the 70,000 barrel per day (bpd) rail…
Tank car production bolsters railcar orders
Economic Planning Associates, in its most recent freight car building report, said it expects orders this year to dip to just above 50,000, down from 2012’s 58,900, then rebound strongly…
ARI in tank car pact with ACF Industries
American Railcar Industries, Inc. late Thursday said it has entered into a purchasing and engineering services agreement with ACF Industries, LLC. ACF will build rail tank cars at its Milton, Pa., plant,…
Valero sets tank car buy for crude processing
Valero Energy Corp., billed as the world's largest independent refiner, plans to purchase 2,000 tank cars to increase shipment of crude oil to inland U.S. locations.
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