Trends across the rail industry appear positive, although ongoing congestion is an issue for inland ramps, according to leaders at our recent “Suds with Seidl” event.
RAILWAY AGE, JUNE 2021 ISSUE: Welcome to the 2021 Guide to Equipment Leasing. Let’s start out by addressing the space in the room left by the exiting elephant: The U.S. economy and its residents clearly are looking forward to the end of the pandemic era and the opening of the economy.
Trinity Industries’ two partially owned lease subsidiaries have entered into agreements to refinance more than $1.2 billion in outstanding debt.
Railway Age’s June 2021 issue is now available digitally. In addition to the annual Equipment Leasing Guide and the latest CN-Kansas City Southern merger news, Editor-in-Chief William C. Vantuono pays tribute to the Santa Clara Valley Transportation Authority employees who lost their lives during the May 26 mass shooting.
Caveat: I am a free-market capitalist who believes in the importance of trade to elevate global prosperity. I believe in comparative advantage, and how countries excel at the supply of certain goods and services, to the benefit of others. I now believe that there needs to be market boundaries, for the long-term health of entire industries and the well-being and security of our citizens.
FTR Transportation Intelligence Chairman and CEO Eric Starks and Vice President Rail and Intermodal Todd Tranausky recently hosted a webinar to examine the rail freight market in terms of volume and recovery pace, as well as their professional outlook for North American freight car manufacturing. As an invited media journalist and commentator, here are my takeaways for Railway Age readers.
FreightCar America’s Jim Meyer: ‘We’re the Right Size for Who We Are and Where the Industry Is at This Moment’
Railway Age Editor-in-Chief William C. Vantuono and Financial Editor David Nahass recently spoke with FreightCar America, Inc. President and CEO Jim Meyer about the efforts to turn the historic, 120-year-old company around by consolidating manufacturing in Mexico and positioning it to meet the needs of the market.
“We are already seeing the early benefits of moving our manufacturing footprint” to Mexico, FreightCar America, Inc. (FCA) President and CEO Jim Meyer said during the company’s first-quarter earnings report, noting “the leverage from our new operations and cost structure will serve us well in the improving market.”
Takeaways from Cowen and Company’s recent Rail Equipment Webinar show that locomotive upgrades remain solid, as traffic growth continues. Elevated inquiries for newly built railcars should begin to translate into orders gradually, despite the steel premium. Lessors are well-positioned as freight demand rises, railcar supply decreases and new builds fall short of replacement levels this year.
Here are a few follow-up thoughts to our May 7 report, Car Conundrum: Amid Rising Demand, Who’s “Steeling” the Show. We believe a cyclical inflection point and a number of macro factors could elevate interest