The Greenbrier Companies on March 22 reported receiving orders for 4,500 new railcars during the fiscal second quarter ended Feb. 28, 2023, for which it provided preliminary results, including deliveries of 7,200 units. TD Cowen offers insight.
Railway Age is calling on subscribers to submit their nominations by April 10 for the fourth-annual 10 Most Influential Industry Leaders poll.
Three days with hundreds of rail equipment industry participants at Rail Equipment Finance 2023 reveal a railcar market that is healthier than we’ve feared into 2023 (lease rate inflation overwhelming the demand-side drag from anemic rail volumes), while the runway for continued investment in diesel locomotives appears to stretch into the 2030s (both rebuilds and new).
!["[The acquisition] is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation," said Trinity President and CEO Jean Savage.](https://www.railwayage.com/wp-content/uploads/2023/03/Caterpillar_E_Jean_Savage-300x169.jpg)
Trinity Industries, Inc. announced March 9 that it has acquired RSI Logistics, a data-centric provider of proprietary software logistics services and terminal management solutions to the North American rail industry, for $70 million.
Quebec City has selected Alstom as preferred bidder to design, build and maintain the fleet of low-floor LRVs for the city’s $C 3.9 million ($US 2.9 million) light rail project.
The March 2023 issue of Railway Age is available digitally, showcasing our Short Line and Regional Railroads of the Year as well as deep dives into next-gen motive power.
Railway Age is calling on subscribers to submit their nominations by April 10 for the fourth-annual 10 Most Influential Industry Leaders poll.
At Trinity Industries, the Railcar Leasing and Management Services Group continues to see “lease rate improvement and strong utilization,” and the Rail Products Group “again faced labor and supply chain challenges, impacting deliveries and margins,” President and CEO Jean Savage reported during a fourth-quarter and full-year 2022 earnings announcement on Feb. 21.
RailPulse’s cloud-based telematic platform is slated to be complete in the second half of 2023. Also, IntelliTrans partners with AllTranstek, LLC to improve railcar maintenance tracking.
The Railway Supply Institute (RSI), Railway Engineering-Maintenance Suppliers Association (REMSA) and Railway Tie Association (RTA) have issued Rail Supply Industry: Manufacturing and Services Keeping the American Economy on Track, their latest major economic
