“As the year is progressing in line with our original expectations, our 2024 full-year earnings estimate remains unchanged at $7.30-$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items,” GATX President and CEO Robert C. Lyons said April 23. (GATX Photograph)

For GATX, 1Q24 Demand ‘Solid,’ 2024 Guidance ‘Unchanged’ (UPDATED, TD Cowen Insight)

“We continue to experience solid demand globally for most railcar types in our fleets,” GATX President and CEO Robert C. Lyons said during a first-quarter 2024 financial report. “At Rail North America,

Commentary

TD Cowen 1Q24 Rail Equipment Survey Says …

Our 1Q24 survey results are neutral to mildly positive for railcar demand. The order outlook was mixed, but a lower percent of shippers not ordering cited “no need” in 1Q24 than did

Andy Muller, CEO and Founder of Reading Blue Mountain & Northern, was one of the 10 Most Influential Industry Leaders, as selected by Railway Age subscribers in 2023.

‘Influential Industry Leader’ Nominations Due Today, April 10

Railway Age subscribers: Don’t delay! Submit your nominations by April 10 for the fifth-annual 10 Most Influential Industry Leaders poll.

(Greenbrier Photograph)

Greenbrier Reports ‘Strong Momentum’ in 2Q24, Updates Guidance

The Greenbrier Companies’ achieved consolidated gross margin “in the mid-teens for the second consecutive quarter as strong momentum continued across our business,” said President and CEO Lorie L. Tekorius, during a report on

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Total Fleet Increase

RAILWAY AGE, APRIL 2024 ISSUE: Railinc’s analysis of the North American revenue-earning fleet reveals that the total fleet increased in 2023 with almost all car types accounting for the gain. One of

Railway Age’s April 2024 Digital Edition On Line

The April 2024 issue of Railway Age is now available digitally, with special reports on passenger rail post-pandemic and on safety from the freight rail industry’s top thought leaders.

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Commentary

REF 2024: Tight Market Feeds Mixed Temperament

FINANCIAL EDGE, RAILWAY AGE APRIL 2024 ISSUE: At the Rail Equipment Finance Conference (REF) in March 2024, a tight rental market combined with lower new car build levels and listlessness in merchandise,

RSI Petitions STB to Avert ‘Boxcar Cliff’

Citing a “looming supply chain crisis amid a dwindling number of active boxcars in the U.S.,” the Railway Supply Institute (RSI) has filed a petition with the Surface Transportation Board (STB) seeking

Headlining the 2024 NARS Annual Meeting in Chicago are BNSF President and CEO Katie Farmer (Railway Age’s 2023 Railroader of the Year), retired Kansas City Southern CEO Patrick Ottensmeyer (Railway Age’s 2020 Railroader of the Year and 2022 Co-Railroader of the Year), and Union Pacific CEO Jim Vena.

Farmer, Ottensmeyer, Vena Among NARS Headliners

BNSF President and CEO Katie Farmer, retired Kansas City Southern CEO Patrick Ottensmeyer, and Union Pacific CEO Jim Vena will serve as keynote speakers at the North American Rail Shippers Association (NARS)

Next-Gen Freight Rail 2024 Conference Roundup

Railway Age’s Next-Gen Freight Rail 2024 Conference took place on March 12, 2024, at the Union League Club of Chicago. The annual event, attended by close to 200, featured Tracy Robinson, President

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