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VTG expands U.S. railcar fleet
Hamburg, Germany-based VTG Aktiengesellschaft (VTG), a railcar leasing and rail logistics company, said Tuesday, Dec. 10, 2013 it has expanded its U.S. railcar fleet.
Trinity forms alliance, sets fiscal subsidiary
Trinity Industries, Inc. announced Monday, Dec. 9, 2013, a new strategic alliance with Element Financial Corp., which will work with Trinity's newly formed, wholly-owned subsidiary called TrinityRail Asset Management Co.,…
AAR sets Associate Advisory Board seats
The Association of American Railroads has established its Associate Advisory Board (AAB) seats for calendar years 2014-2015. The AAR received more than 70 nominations for 32 seats on AAR committees.
RSI and REMSA: Big Brazil business for U.S.
The USA Pavilion at last month's Business on Rails (NT Expo) trade show in São Paulo, Brazil, co-hosted by Railway Engineering-Maintenance Suppliers Association (REMSA) and The Railway Supply Institute (RSI),…
FreightCar America gets Saudi order
Saudi Railways Organization (SRO) has awarded FreightCar America a $67 million contract to supply 500 freight cars, including cement, cereal, limestone, and ballast hoppers.
CN boosts rail, wheel flaw detection efforts
CN has announced a program to acquire additional monitoring equipment to enhance its strong technological base for early detection of defects.
Aziz released on bail following indictment on fraud charges
Indicted on 10 counts of securities fraud by an Alabama grand jury and facing up to 10 years in prison on each count if convicted, National Steel Car chief executive…
U.S. suppliers to expand InnoTrans presence
The U.S. railway supply industry, through its principal trade and professional associations, will be increasing its presence at InnoTrans 2014, with a goal of increasing export business. Over the period…
ARI reports “strong” 3Q earnings
St. Charles, Mo.-based American Railcar Industries, Inc. has reported "strong" third-quarter earnings of $35.6 million, or 98 cents per share, up 17% from earnings of $30.3 million in the third…
Freight car backlog will boost 2014 deliveries
The backlog of ordered and undelivered new freight cars stands at 73,800 units, “a relatively high level from an historical perspective,” according to Economic Planning Associates (EPA). That high number…
For Greenbrier, record fourth-quarter earnings
The Greenbrier Companies, Inc. financial results for its fourth quarter and fiscal year ended Aug. 31, 2013 included record net quarterly earnings, and a railcar backlog of 14,400 units worth…
FreightCar America reports 3Q loss
FreightCar America, Inc. reported a third-quarter loss in both revenue and earnings Wednesday, Oct. 29, 2013, driven in large measure by lower railcar deliveries, according to one Wall Street analyst.
Trinity Industries record 3Q earnings beat Street
Trinity Industries, Inc. reported record third-quarter earnings after the closing bell on Wall Street Wednesday, Oct. 30, 2013, surpassing Wall Street consensus analyst estimates.
Wabtec sets EVP/CFO transition
Wabtec Corp. said Sunday, Oct. 27 , 2013 Patrick D. Dugan has been named executive vice president and chief financial officer effective Jan. 1, 2014. Dugan will succeed Alvaro Garcia-Tunon,…
GATX 3Q earnings beat Street
Chicago-based GATX Corp. Thursday, Oct. 24, 2013 reported third-quarter net income of $53.8 million, or $1.15 per diluted share, compared with net income of $53.8 million, or $1.13 per diluted…
Railcar report: Orders slowing; backlog remains
The Railway Supply Institute's American Railway Car Institute (ARCI) Committee on Friday, Oct. 18, 2013, released its railcar industry order, delivery, and backlog statistics for the third quarter, with tank…
RSI/CMA 2014 set for September in Montreal
The Railway Supply Institute (RSI) and Coordinated Mechanical Associations (CMA) will hold RSI/CMA 2014 on September 21-23 in Montreal, Quebec at the Palais des congrés de Montréal (Montreal Convention Center).
Foul-smelling trash trains? Zap them with Train Fresh!
It’s “Febreeze for trains”: a new product from Stage 8 designed to eliminate those awful odors that accompany a trash-carrying train (freight or transit, like the NYC Transit trash train…
AAR adds two Silver Associate Members
Eastern Fluid Power Inc. and FTD Fahrzeugtechnik Bahnen Dessau GmbH have joined the Association of American Railroads as Silver Associate Members.
2014 Railroad Financial Desk Book
Welcome to the 2014 edition of the Railroad Financial Desk Book. As regular readers know, every year we take a look back at issues and events that have impacted the…
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