Finance/Leasing

Suds With Seidl: “Railroad Happy Hour”

We hosted rail industry experts in our third Suds with Seidl event. The overall mood was optimistic. The outlook for 2021 was strong, with one participant noting he was surprised to hear just how bullish his customers were this past week. Class I’s may be missing business opportunities, but there is still hope for greater communication via technology initiatives. We remain positive on the rail group.

Trinity, NS, GATX, G&W, Watco Form RailPulse JV

Five major rail industry companies—Trinity Industries, Norfolk Southern, GATX, Genesee & Wyoming and Watco Cos.—have entered into a joint venture called RailPulse that is “expected to accelerate rail modal transformation through the advancement of GPS technology and other telematics across the North American railcar fleet.”

Railway Age 20 Under 40 Awards Open for Entries

Railway Age is now accepting entries for its 2021 “Fast Trackers” 20 Under 40 awards, in which we will profile 20 individuals under the age of 40 who have made an impact in their respective fields or within their company. For our fifth annual awards, we have increased the number of honorees from 10 to 20, due to a growing number of entries and outstanding candidates. Once again, Michigan State Center for Railway Research & Education Director Nick Little will judge the entries. Those representing the “best of the best” will be featured in Railway Age’s February 2021 issue. The deadline is Jan. 7, 2021.

“By moving all production to Mexico by early 2021, we have reset our cost-base and are multiple steps closer to reaching our goal to become the highest quality and lowest cost producer in the industry,” FreightCar America President and CEO Jim Meyer said.

FCA 3Q20: Revenues Down, Business Repositioning Continues

FreightCar America (FCA) has reported its third-quarter 2020 results, including consolidated revenues of $25.2 million on deliveries of 163 railcars—a 38% drop from the year-earlier period’s $40.7 million on deliveries of 467 railcars—as the industry “remains in a cyclical downturn, which was intensified by the pandemic.” The company continues to move all railcar production to its new Mexico facility by early 2021.

Rail Industry ‘Ready to Work’ With President-Elect Biden (UPDATED)

With Joe Biden preparing to take the oath of office as the 46th president of the United States on Jan. 20, 2021, the Association of American Railroads (AAR), the American Short Line and Regional Railroad Association (ASLRRA), Amtrak, the American Public Transportation Association (APTA), and the Railway Supply Institute (RSI) are “ready to work” with him, his Administration and Congress—and help the industry, and the country, recover from the COVID-19 pandemic.

Staggers, Loadings and the Election

THE FINANCIAL EDGE, RAILWAY AGE, NOVEMBER 2020 ISSUE: The 2020 U.S. Presidential election may be the most unique in modern times. Paper ballots came into use in the early 19th century; the modern lever-pull voting machine in the late 19th century; and push cards (until the infamous “hanging chad”) were used until 2000. Cue the pandemic: In the 2020 election, mail-in ballots were expected to account for at least 80 million votes—more than half the total number of votes expected.

(Shutterstock)

Women in Rail 2020

RAILWAY AGE, NOVEMBER 2020 ISSUE: The fourth-annual Railway Age Women in Rail awards recognize not only a continued commitment to service in the historically male-dominated freight, transit, government and supplier sectors, but also a demonstration of leadership, collaboration and innovation on the job and in the community. These 24 visionaries, selected from a field of more than 60 strong nominations, are from all levels of North American railroading. And these motivated, results-driven women are making an impact—for themselves, their peers, their companies and the rail industry.

November Railway Age Digital Edition Now On Line

The November 2020 issue of Railway Age is now available digitally. In the fourth-annual “Women in Rail” issue, there are no fewer than four feature stories about, or written by, women who are not only making inroads, but also making a difference.