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Freight car market headed for new growth in 2014
Economic Planning Associates, in its quarterly freight car building forecast released Monday, July 29, expects this year’s numbers, which are lagging about 11% behind 2012’s, to improve significantly in 2014. “Based…
American Railcar Industries logs strong 2Q
American Railcar Industries, Inc. (ARI) reported second-quarter earnings of $23.6 million, or $1.11 per share, late Wednesday, July 24, 2013, following the close of trading on the New York Stock…
Analyst: Tank cars still driving orders in 2Q
Figures released Friday, July 19, 2013, by the Railway Supply Institute's American Railcar Institute Committee (ARCI) show that tank cars continued to be a driving force in railcar orders during…
GATX net rises in second quarter
GATX Corp. Thursday, July 18, 2013, reported higher second-quarter net income of $35.1 million, or 74 cents per share, compared with $23.5 million, or 49 cents per share, in the…
Wabtec gets bogies contract in Mauritania
Wabtec Corp. said July 15 that it has signed a $21 million contract with SNIM (Société Nationale Industrielle et Minière), the National Industrial and Mining Co. of Mauritania, to provide bogies…
Two levels or three, both suit me
Within the space of a few minutes, the robotic assembly line at Honda’s East Liberty, Ohio, plant can transition from building compact Civics to CRV crossovers. The Ford Explorer, a…
Greenbrier reports FY3Q results—and a few big changes
The Greenbrier Companies, Inc. on Tuesday, July 2 reported results for its fiscal year third quarter ended May 31, 2013, and at the same time announced significant changes in its…
Equipment leasing: The best of times?
The good news is obvious; the bad news is actually hard to find.
New Affiliate, Associate members join AAR
The Association of American Railroads last month added one new Railroad Affiliate Member and four new Associate Members.
Boosting asset utilization: The hunt for percentage points
Lessons learned from TTX Co. Increasing asset utilization by a single percentage point can make the difference between a typical year and a banner year. By blending operations insight with…
Greenbrier Cos. debuts Multi-Max auto railcar
At a ceremony in Cleburne, Tex., Wednesday, May 29, the Greenbrier Cos. introduced Multi-Max, an automotive railcar that the company says "significantly advances the options for transporting autos by rail."
Tank car building drives a growing freight car market
Freight car building is in the tank—literally.
RSI, REMSA to co-host USA Pavilion at Brazilian trade show
The Railway Supply Institute (RSI) and Railway Engineering-Maintenance Suppliers Association (REMSA) will be co-hosting the USA Pavilion at the Business on Rails trade show, Nov. 5-7, 2013, in São Paulo,…
Executive changes at Wabtec
Wabtec Corp. has named Albert J. Neupaver Chairman and CEO, and Raymond T. Betler President and Chief Operating Officer. Their appointments were effective May 14.
UP, GATX host ethanol safety conference
Hands-on safety training was a key feature at Union Pacific’s recent ethanol rail safety conference. Approximately 90 participants representing more than 15 ethanol shippers traveled from a 500-mile radius to…
A look back in time: The GM/Southern Pacific Vert-A-Pac
Remember the Chevrolet Vega and its Pontiac equivalent, the Astre? These cars were shipped long-distance in a rather unusual manner.
FreightCar America notes 1Q earnings loss
FreightCar America, Inc. Wednesday reported a net loss of $2.6 million, or 22 cents per diluted share, in the first quarter of 2013, on revenue of $87.6 million. That compared…
GATX classroom railcar rolls into action
GATX Corp. on Wednesday announced a new classroom railcar will be put into service along with its TankTrainer, a tank car developed to provide hands-on training in maintenance and operation.
For Trinity, a record railcar backlog
Trinity Industries, Inc., in announcing earnings results for the first quarter ended March 31, 2013, noted that the company’s Rail Group received orders for 14,505 new railcars during the first…
Freight car forecast: Wait till 2015
In its current quarterly freight car building forecast, Economic Planning Associates, Inc., says that, except for the booming tank car market, 2013, “in spite of continued [high capital] investments by…
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