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Greenbrier Cos. 2Q earnings disappoint Street
Lake Oswego, Ore.-based The Greenbrier Cos., Inc. reported second-quarter earnings Thursday, April 3, 2014, with gains in revenue and earnings measured against the comparable quarter in 2013. But Wall Street…
Timken Co., United Wagon in joint venture
Canton, Ohio-based The Timken Co. said Tuesday, March 24, 2014 it has entered into an agreement with Moscow-based United Wagon Co. (UWC) to "establish a joint venture to manufacture Timken®…
Exhibit space sales to open for RSI/CMA 2014
Exhibit space sales for RSI/CMA 2014, the Railway Supply Institute’s annual trade show, will begin Monday, March 17, 2014. Sponsorship sales for both RSI/CMA and Canadian Rail Summit 2014, hosted…
REF 2014: What’s moving in what, and why
It is a truth universally acknowledged that railroads exist to haul stuff. Market share and operating ratios are about how stuff is moved, and finance is about how you pay…
Greenbrier cites 2Q tally of 5,600 railcars
The Greenbrier Cos., Inc. said Monday, March 3, 2014 it has received "new orders in the second fiscal quarter ended February 28, 2014 for 5,600 railcar units valued at approximately…
DOT issues CBR Emergency Order
The U.S. Department of Transportation (DOT) on Feb. 25, 2014 issued an Emergency Order requiring crude oil shippers to test product from the Bakken region to ensure the proper classification…
ARI: Record earnings in 2013
St. Charles, Mo.-based American Railcar Industries says it recorded record earnings for the full year of 2013, and a 3% rise in consolidated earnings during the fourth quarter compared with…
CN’s Mongeau to keynote RSI/CMA 2014
CN President and Chief Executive Officer Claude Mongeau will be the keynote speaker at RSI/CMA 2014 on Monday, Sept. 22 in Montréal, Québec.
BNSF taking bids on 5,000 oil tank cars
BNSF Railway, the industry’s largest transporter of crude oil, announced on Thursday, Feb. 20, 2014, plans to purchase its own fleet of up to 5,000 crude oil tank cars that…
Trinity Industries 4Q beats Street
Dallas-based Trinity Industries late Wednesday, Feb. 19, 2014, reported fourth-quarter net income of $112.8 million, or $1.44 per share, up from $71.3 million, or 90 cents a share, in the…
Union Tank Car grows On-Site® repair capabilities
Union Tank Car Company’s network of mobile repair teams and dedicated mini shops established a new record in 2013, with well over a half-million car “touches,” including field inspections, repairs,…
Wabtec cites record 4Q earnings, good year
Wabtec Corp. early Wednesday, Feb. 19, 2014, reported "record results" in its fourth quarter, including earnings per diluted share of 76 cents. Net income for the fourth quarter was $74 million,…
FreightCar America logs loss for 4Q, full year
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss…
Irving Oil sets tank car conversion plan
Saint John, New Brunswick-based Irving Oil Ltd. announced plans Monday, Feb. 17, 2014, to voluntarily convert its older DOT-111 tank cars used in crude-by-rail (CBR) business—which has soared in recent…
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."
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