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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.
Greenbrier Cos. pleased with 1Q numbers
The Greenbrier Cos. early Wednesday reported its fiscal first-quarter results for the period ending Nov. 30, 2012, and indicated satisfaction with the outcome.
Greenbrier Cos. notes new railcar orders
Lake Oswego, Ore.-based The Greenbrier Cos. late Monday said it is meeting "robust demand for new railcars in North American and European markets with orders for over 4,200 units valued…
Greenbrier to Icahn: No deal
The Greenbrier Companies has firmly rejected Carl Icahn-led American Railcar Industries’ conditional proposal to acquire Greenbrier for $22 per share. The offer “is unacceptable and not in the best interests…
ARI to Greenbrier: $22, take it or leave it
American Railcar Industries late Wednesday disclosed that it had raised its offer for railcar builder Greenbrier from $20 to $22 a share.
Greenbrier plus ARI: Let the games begin
The Greenbrier Companies, one of only a handful of remaining domestic railcar manufacturing companies, late yesterday said that Carl Icahn’s current attempt to have American Railcar Industries (ARI), of which…
ARI offers to buy rival Greenbrier Cos.
American Railcar Industries Inc., controlled by well-known investor Carl Icahn, has offered to buy Lake Oswego, Ore.-based The Greenbrier Cos. Inc. for about $543 million.
UIC honor bestowed to TTCI FAST program
The Association of American Railroads Tuesday lauded the Transportation Technology Center, Inc. (TTCI) on its receipt of the International Union of Railways' (UIC) Innovation and Railway Research Award in the…
Greenbrier Cos. tapped by Statoil
The Greenbrier Companies, Inc. said Monday it has been selected by energy provider Statoil Marketing and Trading (US), Inc. "to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet…
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