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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.
TTX’s Adcock to address The New Intermodal Age
TTX Co. AVP-Marketing Frank Adcock will outline the challenges of "Managing the national equipment pool" at The New Intermodal Age Conference and Expo, to be held next week, April 2-3,…
Analyzing “fail to couple” yard events
When it occurs, car-coupling failure adds cost to the bottom line, adding up to millions of dollars each year, and making prevention a priority.
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…
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