Freight Cars

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…
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.
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