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New tank car builder coming on line
West Brookfield, Mass.-based freight car lessor Boxcar Services LLC has merged with Vertex Rail Technologies LLC to form Vertex Rail Manufacturing. Beginning in second-quarter 2014, Vertex Rail will manufacture tank…
Wabtec to acquire Fandstan Electric
In a cash deal worth approximately $215 million, Wabtec Corp. has signed a definitive agreement to acquire London, England-based Fandstan Electric Group Ltd.
AAR welcomes new members
Two regional railroads and eight railway suppliers have joined the Association of American Railroads as Full Members and Associate Members, respectively.
Greenbrier to offer new-gen tank cars, retrofits
The Greenbrier Companies announced on Feb. 5, 2014 that it will design a new-generation tank car for rail transport of hazardous freight, including flammable crude oil and ethanol, “that can…
Freight car market will see moderate expansion: EPA
Based on a “broadening demand for rolling stock, beginning-of-the-year backlogs, and continued growth in customer markets,” Economic Planning Associates, in its quarterly freight car review released Jan. 31, 2014, predicts…
CIT Group acquires Nacco SAS
CIT Group said early Monday, Feb. 3, 2014 it has acquired Paris-based Nacco SAS, "one of the largest independent full service railcar lessors in Europe."
NYAB aids food pantry renovation
The Watertown Urban Mission Food Pantry in upstate New York will undergo a $250,000 renovation this year, thanks to a charity established by the parent company of New York Air…
Trinity Industries closes railcar sale
Dallas-based Trinity Industries, Inc. on Tuesday, Jan. 28, 2014 said it had closed the sale of the second tranche of leased railcars to Element Financial Corp., under the newly formed…
Railcar 4Q production, backlog stay strong
Fourth-quarter railcar orders, deliveries, and backlogs showed robust activity, according to the Railway Supply Institute's American Railway Car Institute Committee (ARCI) data released Thursday, Jan. 23, 2014. Tank cars, in…
GATX 4Q13 earnings beat Street
Chicago-based GATX Corp. on Thursday, Jan. 23, 2014 reported fourth-quarter 2013 earnings of $53.3 million, or $1.14 per diluted share, compared with net income of $29.7 million, or 62 cents…
RSI to SecDOT: Include us re: CBR
The Railway Supply Institute (RSI) is urging Transportation Secretary Anthony Foxx to include tank car manufacturers and other parties in any effort to improve tank car safety, particularly when related…
New AAR Silver Associate Member
Saguenay, Quebec-based Entretien Ferroviaire Boivin, Inc. has joined the Association of American Railroads as a Silver Associate Member.
Greenbrier Cos. fiscal 1Q14 results released
The Greenbrier Companies, Inc. on Wednesday, Jan. 8, 2014 reported net earnings of $16 million, or 51 cents per share, for its fiscal first-quarter 2014 ending Nov. 30, 2013, missing…
RSI accepting 2014-2015 scholarship applications
The Railway Supply Institute (RSI) is now accepting 2014-2015 school year applications for the RSI Scholarship Program, which provides a minimum of five $5,000 scholarships each year. Since 1989, RSI…
Railinc upgrades CHRNSS application
Railinc has upgraded its Car Hire Rate Negotiation Self-Service (CHRNSS) application, “enhancing the ability of railroads, car owners, and third-party leasing companies to query, view, and manage data essential to…
VTG expands U.S. railcar fleet
Hamburg, Germany-based VTG Aktiengesellschaft (VTG), a railcar leasing and rail logistics company, said Tuesday, Dec. 10, 2013 it has expanded its U.S. railcar fleet.
Trinity forms alliance, sets fiscal subsidiary
Trinity Industries, Inc. announced Monday, Dec. 9, 2013, a new strategic alliance with Element Financial Corp., which will work with Trinity's newly formed, wholly-owned subsidiary called TrinityRail Asset Management Co.,…
AAR sets Associate Advisory Board seats
The Association of American Railroads has established its Associate Advisory Board (AAB) seats for calendar years 2014-2015. The AAR received more than 70 nominations for 32 seats on AAR committees.
RSI and REMSA: Big Brazil business for U.S.
The USA Pavilion at last month's Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and The Railway Supply Institute (RSI),…
FreightCar America gets Saudi order
Saudi Railways Organization (SRO) has awarded FreightCar America a $67 million contract to supply 500 freight cars, including cement, cereal, limestone, and ballast hoppers.
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