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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…
Graham named Greenbrier Cos. Exec VP
The Greenbrier Companies, Inc. Tuesday announced Martin Graham will join the company on Jan. 2, 2013, as executive vice president of Materials Management, Engineering and Operations for Greenbrier Manufacturing North…
Greenbrier Cos. affirms Icahn stock acquisition
The Greenbrier Cos. late Tuesday affirmed that "Carl C. Icahn and Reporting Persons affiliated with him have acquired 9.99% of the outstanding Common Stock of Greenbrier."
Freight car market 2013-14: Down, then up
Economic Planning Associates (EPA), in its latest freight car delivery forecast, is predicting that 48,800 cars will be delivered in 2013—a 15% drop from 2012’s 57,200—followed by a strong rebound…
For Greenbrier Cos., a record fiscal year
Fiscal year 2012 was a record one for The Greenbrier Cos., both in terms of earnings and revenue, the Lake Oswego, Ore.-based company said. The company's fiscal year ended Aug.…
Record 3Q earnings for American Railcar Industries
American Railcar Industries, Inc. late Wednesday reported third-quarter net earnings of $14 million, or 66 cents per share, which ARI said was "a new quarterly record," and up dramatically from…
New car shop under construction by The Andersons
The Andersons, Inc. announced the start of construction on a 27,300 square-foot railcar paint and blast shop adjacent to its repair facility in Maumee, Ohio. The facility is to be completed in…
Trinity doubles 3Q earnings, cites railcar production
Trinity Industries late Wednesday reported year-over-year third-quarter revenue growth of 19% and earnings per common diluted share growth of 100%.
Greenbrier names Isselmann corporate relations/communications head
The Greenbrier Cos. has appointed Jack Isselmann director of Corporate Relations and Communications.
Wabtec reports “strong” 3Q earnings, sales
Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street…
ARCI reports decline in railcar orders
Orders and deliveries of railcars declined in the third quarter, according to statistics released by the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
GATX reports rise in 3Q profit, beats Street
Chicago-based GATX Corp. Thursday reported third-quarter net income of $53.8 million, or $1.13 per share, up from $32.9 million or 70 cents per share in third quarter of 2011. Both…
For Railway Interchange 2013, exhibition sponsorships offered
Exhibition sponsorship opportunities will be available for the first time at Railway Interchange 2013, the combined exhibition and technical conference, according to event organizers. Railway Interchange 2013 will take place…
TTX names Victoria Dudley CFO
Chicago-based TTX Co. said Thursday Victoria A. Dudley is joining the company as vice president and chief financial officer, reporting to the president and CEO.
Andress to head manufacturing at FreightCar America
FreightCar America, Inc. early Friday said Robert S. Andress has been named vice president, manufacturing. Andress will lead the company's new car manufacturing activities at Roanoke, Va. and Danville, Ill.
L.B. Foster rebrands subsidiaries
L.B. Foster Co. announced Wednesday it is "changing the names of several of its subsidiary companies acquired from Portec Rail Products, Inc. to L.B. Foster Rail Technologies to more accurately…
RSI names board members, officers
The Railway Supply Institute Tuesday announced the election results for its Board of Directors, tallied after its annual meeting in Chicago last month, and the Board's 2013 officers.
AAR approval advances Kelso hazmat valve
Vancouver, British Columbia-based Kelso Technologies Inc. announced Wednesday that it has received certification from the Association of American Railroads for its new heavy-duty external pressure relief valve (EPRV) following successful tests in…
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