The results of Cowen and Company’s 2Q18 Rail Equipment Survey “are mixed and largely neutral on the balance,” reports Cowen analyst Matt Elkott. “Shippers’ level of certainty about ordering railcars increased, but order sizes decreased.”
Caltrax has hired Michael Obertop as vice president of sales, marketing and business development.
Railways are harvesting increasing volumes of data on the performance of their assets. But converting raw data into meaningful insights remains a challenge for many industry organizations. At the May 29 Rise of IoT and Big Data in Rail conference in Munich, organized by Rotaia Media, suppliers, tech companies, train operators and infrastructure managers described how they are harnessing the power of data through advanced asset management systems.
Numerous services are available at InnoTrans 2018 to make a visit to the massive transportation trade show in Berlin “both efficient and enjoyable,” organizers say. “A much wider range of data and facts is now provided online, focusing on the convention as well as on the exhibitors, products and innovations.”
Analyst Cowen and Co. this week hosted its quarterly rail equipment conference call with expert panelists across the industry spectrum.
Greenbrier Cos. saw stronger component sales and margins offset flat railcar revenues in the third quarter.
The emerging role of Data Science, commonly known as “Big Data” in railroad maintenance, was discussed earlier in Railway Age (“Better Railroading Through Big Data.”) As noted, railroads are developing and implementing new generations of sophisticated inspection and monitoring systems, and as a result are finding themselves collecting large volumes of data.
Miner Enterprises has released a video demonstrating the role that draft gears play in railcar operation. The new video, “How Does a Draft Gear Absorb Railcar Energy?” provides a look at draft gear design, and uses computer animation to demonstrate how draft gears protect a railcar and its content during train movement.
The industry’s largest tank car builder is adding services and jobs at its mid-continent repair center.
A car-leasing company has been acquired by an equity firm, the latest sign that Wall Street is bullish on railroading.