Freight Cars

CIT Group Monday announced that railcar lessor CIT Rail has ordered 3,500 railcars from multiple manufacturers with deliveries scheduled throughout 2012 and 2013.
A perfect storm of interest rate, tax, and market factors is driving down the rents for many of today’s railcar users to historic lows. Low interest rates are contributing to…
GATX Corp. announced Tuesday that its subsidiary, GATX India Private Limited (GIPL), has entered the Indian marketplace with the purchase of 450 container flat cars.
L.B. Foster Co., an infrastructure products supplier, announced Monday that the will sell its railway securement business in a transaction scheduled for completion at mid-year.
FreightCar America delivered 2,613 freight cars in the first quarter of  2012, compared with 875 in the first quarter of 2011 and 2,489 in the fourth quarter of 2011. New orders…
Economic Planning Associates has released its first-quarter 2012 report on the freight car market, and while there has been a decline in carbuilder backlogs, EPA has not measurably changed its…
Dallas-based Trinity Industries Inc., aided by its Rail Group, late Wednesday reported a first-quarter net profit of $52.9 million or 66 cents per share, compared with $24.2 million, or 30…
GATX Corp. reported Thursday that its Rail segment earned a profit of $58.6 million in the first quarter of 2012 vs. $51.6 million in the year-ago quarter. GATX said the improvement was…
Wabtec Corporation said April 12 that it expects first-quarter 2012 earnings per diluted share to be about $1.20, and has increased its 2012 full-year EPS guidance to about $4.80, based…
The Greenbrier Cos. Monday reported net earnings of $17.7 million, or 57 cents per diluted share, in its fiscal second quarter ending Feb. 29, 2012, compared with a net loss…
Noted transportation academician Anthony Perl added his considerable expertise in rail transportation to the pool of Railway Age bloggers this week.
FreightCar America, Inc. on Monday said it has named three individuals to manage its newly restructured commercial organization "to more directly present the full range of FreightCar America and FreightCar…
American Railcar Industries, Inc. expressed satisfaction with its fourth-quarter and full year revenue and earnings, and also voice cautious optimism on the year ahead.
Fairport, N.Y.-based RailComm said Monday it has been selected to provide a wireless remote control derail system for Indiana Railroad Co.'s facility in Jasonville, Ind.
Rosemont, Ill.-based CF Rail Services, has announced the launch of its updated website, which it says incorporates all of the company’s locations and branded shops under one web address.
Progress Rail has announced it is closing its London, Ontario, locomotive operation, where 450 workers have been locked out since New Year’s Day.
Freight car builders and component suppliers have good reason to look at 2012 and beyond with renewed optimism and real confidence. That’s because, according to the most recent figures released…
Railroad freight car orders increased 51.4% in the fourth quarter to 16,434, compared with 10,853 car orders for the same quarter last year, according to the Railway Supply Institute. Orders…
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
In-service failures of large freight car castings have resulted in a comprehensive review of the specifications governing their manufacture, inspection, and repair.
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