RAILWAY AGE, FINANCIAL EDGE, SEPTEMBER 2021 ISSUE: For investors, industry watchers and rail consumers, August was either the most interesting or frustrating month to date in the reality dating show, “I Want to Buy a Class I Railroad.”
The September 2021 issue of Railway Age is now available digitally, with the latest on Kansas City Southern’s potential merger, plus the Product Innovations Showcase 2021.
The Association of American Railroads, plus CSX and Union Pacific, are calling on the Surface Transportation Board to deny a Petition for Rulemaking that would update the demurrage and accessorial rules governing the railroads’ use and handling of privately owned freight cars.
The Greenbrier Companies, Inc. has completed $1.5 billion of refinancing activity. In addition, Trane Technologies’ Thermo King will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023.
TransmetriQ, a unit of Railinc, has launched a new tool to help freight car owners, lessors, repairers and users determine the “right” time to replace wheelsets.
The Greenbrier Companies, Inc. has received new orders for 5,500 railcars valued at more than $530 million during its fourth fiscal quarter that began on June 1, 2021.
Tina Beckberger has been elevated to Senior Vice President, Leasing at SMBC Rail Services LLC, where she will lead the railcar lessor’s Commercial and Customer Service teams.
The Equipment Leasing and Finance Association (ELFA) is honoring Chicago Freight Car Leasing (CFCL), a Sasser subsidiary, with its 2021 Operations & Technology Excellence Award.
Second-quarter 2021 freight car reporting statistics from the Railway Supply Institute’s (RSI) American Railway Car Institute Committee (ARCI) show sequential boosts in orders, deliveries and backlog since fourth-quarter 2020.
Trinity Industries, Inc., and global alternative investment manager Wafra, Inc., have teamed on a new program that will invest in “diversified portfolios of leased railcars originated by Trinity Industries Leasing Company.” It will target up to $1 billion in total acquisitions over a three-year period, the companies reported.