Finance/Leasing

Greenbrier’s new orders—comprising tank cars, autoracks, boxcars and covered hoppers—“were consistent with Greenbrier’s expectations for the period,” the manufacturer said March 22.

Greenbrier Lands $580MM in New Railcar Orders

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.

Commentary

SFG Takeaways From REF 2023

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.

Trinity Industries Acquires RSI Logistics

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.

Trinity Industries President and CEO Jean Savage

Revenue, Margin Improvement Expected in 2023, Says Trinity’s Savage

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.

The RailPulse end-to-end rail industry telematics platform enhances the shipper experience through robust GPS and railcar telematics data delivered via an easy-to-use, cloud-based dashboard and APIs.
  • News

Supply Side: RailPulse, IntelliTrans

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.

  • News

RSI, REMSA, RTA Study: “Power of the Rail Supply Industry”

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