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New Affiliate, Associate members join AAR
The Association of American Railroads last month added one new Railroad Affiliate Member and four new Associate Members.
Boosting asset utilization: The hunt for percentage points
Lessons learned from TTX Co. Increasing asset utilization by a single percentage point can make the difference between a typical year and a banner year. By blending operations insight with…
Greenbrier Cos. debuts Multi-Max auto railcar
At a ceremony in Cleburne, Tex., Wednesday, May 29, the Greenbrier Cos. introduced Multi-Max, an automotive railcar that the company says "significantly advances the options for transporting autos by rail."
Tank car building drives a growing freight car market
Freight car building is in the tank—literally.
RSI, REMSA to co-host USA Pavilion at Brazilian trade show
The Railway Supply Institute (RSI) and Railway Engineering-Maintenance Suppliers Association (REMSA) will be co-hosting the USA Pavilion at the Business on Rails trade show, Nov. 5-7, 2013, in São Paulo,…
Executive changes at Wabtec
Wabtec Corp. has named Albert J. Neupaver Chairman and CEO, and Raymond T. Betler President and Chief Operating Officer. Their appointments were effective May 14.
UP, GATX host ethanol safety conference
Hands-on safety training was a key feature at Union Pacific’s recent ethanol rail safety conference. Approximately 90 participants representing more than 15 ethanol shippers traveled from a 500-mile radius to…
A look back in time: The GM/Southern Pacific Vert-A-Pac
Remember the Chevrolet Vega and its Pontiac equivalent, the Astre? These cars were shipped long-distance in a rather unusual manner.
FreightCar America notes 1Q earnings loss
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared…
GATX classroom railcar rolls into action
GATX Corp. on Wednesday announced a new classroom railcar will be put into service along with its TankTrainer, a tank car developed to provide hands-on training in maintenance and operation.
For Trinity, a record railcar backlog
Trinity Industries, Inc., in announcing earnings results for the first quarter ended March 31, 2013, noted that the company’s Rail Group received orders for 14,505 new railcars during the first…
Freight car forecast: Wait till 2015
In its current quarterly freight car building forecast, Economic Planning Associates, Inc., says that, except for the booming tank car market, 2013, “in spite of continued [high capital] investments by…
GATX 1Q results slip; railcar leasing is “strong”
GATX Corp. Thursday reported first-quarter net income of $27.1 million, or 57 cents per diluted share, down from $30.3 million, or 64 cents per diluted share, in the first quarter…
ARI 1Q earnings rise
American Railcar Industries late Wednesday reported first-quarter net earnings of $17.9 million for its first quarter ended March 31, up a substantial 49% from the prior-year quarter, mostly on strong…
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.
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