Finance/Leasing

Special Podcast Series—The Coronavirus and the Rail Industry: Freight Railroads and Rail Equipment Market Analysis with FTR Transportation Intelligence and Railroad Financial Corporation

What is the depth of decrease in freight volumes as a result of COVID-19? Is there an increased percentage of freight rail moving over to trucking right now? What individual markets/commodities are under more stress as a result of the crisis? How will the railroads respond to the freight loss in the overall landscape of the PSR movement? Will Wall Street change its perspective on the railroads? Are there projected revisions to new-car builds for 2020? What is the state of the equipment leasing market, for both lessors and lessees? Is there timing for a return to normalcy?

Trinity Realigns Senior Execs

Trinity Industries, Inc. realigned responsibilities for some of its most senior executives, effective April 1, 2020. Specifically, Eric R. Marchetto has been appointed Chief Financial Officer, and W. Relle Howard, currently Vice President and Chief Administrative Officer, will return to his previous role as Chief Information Officer.

Cowen: “Hard Assets For Hard Times”

Cowen and Company revealed three factors that could position railcar lessors well in the intermediate to long-term: Financial investors looking for hard, yield-generating assets amid further interest rate declines; partial, lease-term-driven insulation; and “our view that lease rates will be first to rebound in the rail equipment market when a freight recovery occurs.”

“Saving America”

A Union Pacific locomotive engineer based in the Pacific Northwest who had just received his notice of exemption from travel restrictions proudly told Railway Age Contributing Editor Bruce Kelly, “We’ve gone from building America to saving it.” This UP field employee in Train & Engine Service has embraced his railroad’s slogan, “Building America,” and his heartfelt statement takes it to a higher level—from motto to mantra.

S-B Rail Group Staff Report: UPDATED APRIL 6—Global Railway Industry Response & Impacts, COVID-19 Pandemic

Following is a staff report from the editors at Railway Age, Railway Track & Structures and International Railway Journal that will be continuously updated with the latest developments surrounding the COVID-19 pandemic and the global railway industry, the most significant posted up top.