Freight Cars

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…
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…
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, 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, Inc. reported record third-quarter earnings after the closing bell on Wall Street Wednesday, Oct. 30, 2013, surpassing Wall Street consensus analyst estimates.
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,…
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…
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…
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).
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…
Eastern Fluid Power Inc. and FTD Fahrzeugtechnik Bahnen Dessau GmbH have joined the Association of American Railroads as Silver Associate Members.
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…
Heavy-haul freight trains require fully charged brakes. When operating a train on a downgrade, brake usage levels on individual cars climb, equipment heats up, and braking power levels can drop…
New York Air Brake has appointed Bill Kleftis Vice President of Engineering and Dr. Karen Tichenor Vice President of Quality and Program Management.
Wabtec Corp. has acquired Longwood Industries, Inc., a manufacturer of specialty rubber products for transportation, oil and gas, and industrial markets, with annual sales of about $70 million. Wabtec expects…
Amsted Rail and Russian freight car builder United Wagon Co. have entered into a joint venture to introduce heavy-haul freight rail rolling stock components into the CIS (Commonwealth of Independent…
The Railway Supply Institute (RSI) said Friday its deadline for early registration to Railway Interchange 2013 has been extended to Sept. 10 for exhibition-only and the Coordinated Mechanical Associations. The…
“Narrowing oil price differentials are impacting carloadings in the near term, but should not deter shippers from making long-term investments in crude-by-rail, which has many inherent logistical benefits that can…
Railway Supply Institute President Tom Simpson announced that the RSI Scholarship Committee has selected 10 students to receive $3,000 scholarships for the 2013/2014 academic year.
Star, N.C.-based Aberdeen Carolina & Western Railway Company (ACWR) has formed a new subsidiary, ACWR Shops, LLC, that repairs and retrofits locomotives, as well as passenger and freight cars, the…
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