FINANCIAL EDGE, RAILWAY AGE APRIL 2024 ISSUE: At the Rail Equipment Finance Conference (REF) in March 2024, a tight rental market combined with lower new car build levels and listlessness in merchandise,
Citing a “looming supply chain crisis amid a dwindling number of active boxcars in the U.S.,” the Railway Supply Institute (RSI) has filed a petition with the Surface Transportation Board (STB) seeking
Owner and operator of first- and last-mile rail infrastructure Cando Rail & Terminals has announced that Nate Servis has been appointed as Chief Financial Officer, effective March 26. Servis succeeds Rick Soenen, who is retiring.
Railway Age’s Next-Gen Freight Rail 2024 Conference took place on March 12, 2024, at the Union League Club of Chicago. The annual event, attended by close to 200, featured Tracy Robinson, President
Brandt expands its material handling division across Canada. Also, Union Railroad Company opens a new railcar repair facility in the Pittsburgh area.
The Association of American Railroads (AAR) has headquartered rail industry research and test activities in Pueblo, Co., for more than 40 years. Building on this legacy, AAR’s wholly owned subsidiary MxV Rail
Nexxiot on March 19 announced that it will enable “seamless connectivity” of 3C Telemetry’s advanced sensors to its analytics platform, “offering unprecedented insights into maintenance data patterns.”
Fabrication of a new railcar to transport spent nuclear fuel and high-level radioactive waste is now under way.
FreightCar America (FCA) delivered solid results for fourth-quarter 2023 with gross profit up 62% on significant year-over-year margin expansion, President and CEO Jim Meyer said during a March 18 earnings report, also announcing that Chief Operating Officer Nick Randall, effective May 1, 2024, will succeed Meyer as President and CEO and become a member of the company’s Board of Directors.
The bearing related derailment that occurred in East Palestine Feb. 3, 2023 on a Norfolk Southern line was tragic in many ways. Following months of investigation, the NTSB held a hearing on