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Tanks, hoppers drive ARI record 2Q 2014 financials
Based largely on an increase in demand for its tank cars and hopper cars, American Railcar Industries, Inc. (ARI) on July 30, 2014 reported record earnings and revenues for second-quarter 2014.
Trinity posts impressive 2Q 2014 financials
Riding high on a record backlog of freight car orders, Trinity Industries reported second-quarter earnings per common diluted share of $1.01—a 94% increase year-over-year—and quarterly revenue and net income of…
EPA railcar overview: Short-term deliveries rising, with a “formidable” backlog
Economic Planning Associates has once again raised its estimate for 2104-2015 freight car deliveries, based on “a strong first-half 2014” and “a formidable backlog” approaching 100,000 units.
Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced…
“Record results” for Wabtec in 2Q
Wabtec Corp. on Thursday, July 24, 2014, reported "record results" for its second quarter.
GBW Railcar Services marks official launch
The Greenbrier Cos., Inc. and Watco Cos. LLC announced Monday, July 21, 2014, that they "have completed formation of their 50/50 railcar repair joint venture creating the largest independent railcar…
RSI: 2Q railcar orders, deliveries flex muscle
The Railway Supply Institute on Friday, July 18, 2014, released its railcar industry order, delivery, and backlog statistics for the second quarter, with the data showing strong growth, which one…
RSI/CMA/CRS 2014 nearly sold out
Exhibit space is 85% sold for RSI/CMA 2014 and the Canadian Rail Summit (CRS), the upcoming industry trade show and technical conference highlighting the U.S. and Canadian railway and railway…
UTLX’s 5,000th compressed gas tank car
Union Tank Car Company has marked the fabrication and in-to-service completion of its 5,000th compressed gas tank car since 2010. These jumbo cars are optimized for transporting propane, butane, and…
Booth space available at RSI/REMSA USA Pavilion
According to the Railway Supply Institute (RSI) and Railway Engineering-Maintenance Suppliers Association (REMSA), “Many railway suppliers are interested in expanding their customer base and business partners abroad, particularly in the…
InnoTrans 2014: Largest ever
InnoTrans 2014 is shaping up to be the largest-ever of this bi-annual global railway trade show, which attracts close to 3,000 companies representing every railway discipline. North American participation at…
Passenger Trains on Freight Railroads Conference & Expo | Sponsorships
October 28 & 29, 2014 | Washington Marriott Hotel | Washington, DC · MIXED TRAFFIC: Meeting the Challenges · Sponsorships Join Railway Age at this premier event — the industry’s only conference on freight-plus-passenger railroading.…
"Solid" 3Q earnings, revenue for Greenbrier Cos.
The Greenbrier Cos. Wednesday, July 2, 2014, reported fiscal third-quarter net earnings of $33.6 million, or $1.03 per diluted share, compared with last year's fiscal third-quarter net earnings, excluding a…
Analyst: Thumbs up to Trinity Industries buy
Trinity Industries, Inc. has announced its intent to acquire Meyer Steel Structures, a provider of tubular steel structure for electricity transmission and generation, for about $600 million.
KCS names Jarboe Vice President Mechanical Operations
Kansas City Southern has named Gary W. Jarboe Vice President Mechanical Operations for Kansas City Southern Railway (KCSR), closely coordinating with the leadership of Kansas City Southern de Mexico, S.A.…
Tank Car of the Future among more Greenbrier railcar contracts
Not including orders for 7,000 new railcars worth $700 million announced May 21, 2014, Greenbrier has been awarded contracts for 7,700 cars from multiple buyers valued at more than $960…
Anthony D. Kruglinski, 1947-2014
Anthony D. “Tony” Kruglinski, Founder and President of Railroad Financial Corporation and Railway Age’s long-time Financial Editor, died Sunday, June 15, at his home in West Orange, N.J., of pancreatic cancer.…
Hamberger outlines industry's CBR safety strides
Addressing the Railway Age Crude By Rail Conference in Arlington, Va., Thursday, June 12, 2014, Association of American Railroads (AAR) President and CEO Edward R. Hamberger detailed the many steps…
Miner touts AggreGate outlets sale
Miner Enterprises Inc. said Thursday, June 12, 2014 that "a Class I railroad has selected Miner's 5-foot manual AggreGate® outlets for 54 new ballast cars currently being built by FreightCar…
2014 Railway Age Guide to Equipment Leasing
The leasing marketplace is volatile, aggressive, and hungry.
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