Freight Cars

Orders and deliveries of railcars showed strength in the second quarter, according to the Railway Supply Institute's American Railway Car Institute (ARCI) Committee.
GATX Corp. reported second-quarter net income of $23.5 million, or 49 cents per share, down 11% from $26.4 million, or 56 cents per share, it notched in the second quarter…
It troubles me to say this, but the new railcar building marketplace, on which I reported here just over a month ago, is still smoking hot! Why am I troubled?…
Wi-Tronix, LLC on Monday thanked "everyone who attended this year's Users Conference," the first such conference the company held to tap the expertise of "over 100 industry leaders to share, discuss,…
Wabtec Corp. announced Tuesday that it has signed a contract valued at about $28 million to supply electronically controlled pneumatic (ECP) braking equipment for 159 locomotives operated by Rio Tinto, a mining company…
New York Air Brake has appointed Michael J. Hawthorne as president, effective July 1, 2012, upon the retirement of J. Paul Morgan.
Greenbrier reported Thursday that revenue for its third fiscal quarter reached a record $507.8 million, up 11% from $458.2 million in the second quarter and up 60% from $317.3 million in the…
The industry spends close to $1 billion annually replacing bad wheelsets. What can be done to reduce this cost, and to improve safety? To state the obvious, round wheels are…
Most years when we tackle this special issue on leasing, we lead with an article on “operating” leasing. We do this because many of our readers are operating lessors or…
Grain car lessors are reporting an extremely soft market for all but the largest of jumbo covered hoppers. (The jumbos are working and we couldn't find any lessors that have…
Wabtec Corp. announced Thursday that it has acquired Mors Smitt Holding, a global provider of electronic components for rail and industrial markets, from Eurazeo PME, for about $88 million.
A newly manufactured Schnabel Car, WECX 801, built by Kasgro Railcar, Newcastle, Pa., is being called the “World’s Largest Railroad Car.” The 231-foot, 400-ton, 36-axle behemoth rises 18 feet above…
The Phillips 66 Co. is reported to be acquiring 2,000 new tank cars to move oil from North Dakota to Phillips 66 refineries on the Atlantic and Pacific coasts.
Regional Rail, LLC says it has acquired a construction and demolition debris (C&D) rail-served transfer station in Conshohocken, Pa.
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…
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