Finance/Leasing

2021 Guide to Equipment Leasing: The Elephant in the Room Takes Leave

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.

June 2021 Railway Age Digital Edition On Line

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.

North American Rail Supply and China: Why We Should Be Concerned

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.

Takeaways From FTR’s Deep Freight Rail Dive

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.

At the end of March 2021, FreightCar America had a total backlog of 1,380 railcars, with an aggregate value of about $137 million.

For FCA, ‘Encouraging Signs’ Ahead

“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.”

For Railcar Buyers, Time to Pull the Trigger, Soon

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.