Finance/Leasing

Trinity Appoints E. Jean Savage CEO and President

Trinity Industries, Inc. has named E. Jean Savage Chief Executive Officer and President, effective Feb. 17, 2020. Savage, 55 and a member of the company’s board of directors since November 2018, comes to Trinity from the Surface Mining & Technology division of Caterpillar Inc., where she has been Vice President. She will remain a member of the Trinity board.

“The Sky Isn’t Falling”: Cowen Reports

Three recently released Cowen and Company reports—Fourth-Quarter 2019 Rail Equipment Survey and Rail Shipper Survey, and Rail Estimates—indicates that, though times are tough and rail freight traffic in most sectors has not begun to recover, “the sky isn’t falling.” Here’s what Cowen Managing Director and Railway Age Wall Street Contributing Editor Jason H. Seidl, along with analysts Matt Elkott and Adam Kramer, see it.

VIDEO: Pat Ottensmeyer, 2020 Railroader of the Year

The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain. In this interview with Railway Age Editor-in-Chief William C. Vantuono, Ottensmeyer talks about his efforts on behalf of the North American rail industry to support mutually beneficial trade and robust economic growth to help ensure that the rail industry has a voice, working with public- and private-sector leaders to strengthen bilateral commercial ties.

Justice For All?!?

FINANCIAL EDGE, RAILWAY AGE DECEMBER 2019 ISSUE: When an investor buys rail equipment to lease it to a customer (lessee), generally there are terms and conditions that govern the use and maintenance of that equipment during the term of the loan or lease. Specifically, in leasing, the investor in the equipment (the lessor) makes a forward bet on the future value of the equipment.

Railway Age 10 Under 40 Awards Open for Entries

Railway Age is now accepting entries for its fourth annual “Fast Trackers” 10 Under 40 awards, in which we will profile ten individuals under the age of 40 who have made an impact in their respective fields or within their company. Nick Little, Director of Railway Education at Michigan State University’s Center for Railway Research and Education, will judge the entries. Those that represent the “best of the best” will be featured in Railway Age’s February 2020 issue and recognized at our Railroader of the Year Dinner, March 10, 2020, at the Union League Club of Chicago.

Railroad KPIs Suggest Continuing Weakness

KPIs are shorthand for linked Key Performance Indicators. Not all railroad industry KPIs are internalized data. In fact, the best KPIs come from non-railroad sources. Internal railroad data is important. But its value appears when cross-checked with other sources. Here, the prime research source is the Association of American Railroads (AAR) monthly report card.

Thompson Joins MUL Railcars

Phillip W. Thompson has joined MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Vice President Business Development. Thompson comes to MULR from his most recent role as a Director in the Capital Markets group of Trinity Rail, where during eight years he held various roles in finance, strategy, capital markets and services. In his new role at MULR, Thompson is responsible for investment and services strategy, portfolio management and general management activities.