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GATX Rail: Car utilization and earnings high
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 increases 2012 earnings guidance
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…
Greenbrier Cos.: “Strong” fiscal 2Q results
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…
Anthony Perl joins Railway Age bloggers
Noted transportation academician Anthony Perl added his considerable expertise in rail transportation to the pool of Railway Age bloggers this week.
FreightCar America sets commercial restructuring
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…
ARI notches good 4Q, full-year results
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.
RailComm aids Indiana Railroad facility
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.
CF Rail Services launches new website
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.
Progress Rail to close Ontario plant
Progress Rail has announced it is closing its London, Ontario, locomotive operation, where 450 workers have been locked out since New Year’s Day.
Freight car market continues upward climb
Freight car builders and component suppliers have good reason to look at 2012 and beyond with renewed optimism and real confidence. That’s because, according to the most recent figures released…
4Q freight car orders soar 51.4%, RSI says
Railroad freight car orders increased 51.4% in the fourth quarter to 16,434, compared with 10,853 car orders for the same quarter last year, according to the Railway Supply Institute. Orders…
GATX posts strong railcar results
GATX Corp. Thursday reported higher railcar lease prices and continued high utilization as it released results for fourth-quarter 2011 and the full calendar year.
TTCI R&D: How healthy are your castings?
In-service failures of large freight car castings have resulted in a comprehensive review of the specifications governing their manufacture, inspection, and repair.
CF Rail Services adds facility
CF Rail Services, said Thursday that as of the New Year, it has assumed the operations of the railcar repair facility located at 205 Douglas Street in Longview, Wash.
Keeping things running smoothly
Railroads have long acknowledged the benefits offered by rail lubrication. But companies in the friction modifier market are continuing to make advances to help their railroad customers.
What gives with these full order books?
A good friend of mine who practices transportation finance in London, Jacqui Nelson, recently asked me about the condition of the U.S. economy. She reported that the “City” of London…
Stronger wheel steels
High performance wheels can offer improved safety and an extended life cycle. Wheelset removals are the largest freight car maintenance expense item in North America, accounting for half of all car…
Freight cars: A red-hot market
What the sudden surge in orders means for carbuilders and their customers. A giant bulge in freight car orders in this year’s first quarter sent waves of optimism through an…
High productivity fault detection
The proverbial ounce of prevention is worth more than any cure when it comes to keeping heavy tonnage on track.
Railinc: Fleet remains young
Despite a higher average age, the revenue-earning fleet comprises mostly “young” freight car sub-fleets, based on a 50-year life span.
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