Greenbrier: Tekorius Taking the Throttle; 4Q21 ‘Strong, Balanced’

Following a fiscal fourth quarter marked by a 1.5x book-to-bill and more than $80 million of operating cash flow, The Greenbrier Companies, Inc. appointed President and Chief Operating Officer Lorie Tekorius as the company’s next CEO and President, succeeding Co-founder, Chairman and CEO William A. Furman. “continuing the company’s executive succession and talent pipeline process.”

GATX 3Q21: ‘Demand Strong, Lease Rates Rise’

“We continue to see improvement across our global railcar leasing markets,” GATX Corp. President and CEO Brian A. Kenney said during a third-quarter 2021 earnings report on Oct. 21; he noted fleet utilization increased to 99.2% at quarter end for North America, and remained high at 98.1% for GATX Rail Europe.

“While market activity continues to improve, Trinity's third-quarter results were negatively impacted by labor shortages and turnover as well as supply chain disruptions, diluting the impact of margin improvement initiatives in the Rail Products Group,” President and CEO Jean Savage said during a Oct. 21 earnings announcement.

Trinity: Challenging 3Q21, Improving Railcar Market Outlook (Updated, Cowen)

While Trinity Industries’ Rail Products Group was “challenged” in third-quarter 2021, the Railcar Leasing and Management Service Group had “another quarter of strong performance, and we maintain our view that market fundamentals for railcar leasing should continue to ramp up into 2022,” President and CEO Jean Savage said on Oct. 21.

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Leaders, Recognized: 2021 Railway Age Women in Rail Award Honorees

Railway Age’s 2021 Women in Rail awards program is honoring 26 leaders for driving their businesses forward while helping to make a difference in the industry and in their communities.

Cowen 3Q21 Shipper Surveys Say …

An “incremental positive for orders” and “sequentially flat” rate increases characterized Cowen and Company’s third-quarter 2021 Rail Equipment and Rail Shipper Surveys, respectively, report analysts Jason Seidl (Railway Age’s Wall Street Contributing Editor), Matt Elkott and Elliot Alper.

“The recent railcar acquisition advances Greenbrier’s strategy to increase the scale of our lease fleet assets,” Greenbrier CEO and Chairman William A. Furman said.

Greenbrier Acquires 3,600 Railcars

The Greenbrier Companies, Inc., has acquired more than 3,600 railcars, a portion of which will be held by subsidiary GBX Leasing (GBXL), the company reported on Oct. 13.

Buyers and Sellers, Enjoy the Show!

RAILWAY AGE OCTOBER 2021 EDITION: Welcome to the 2022 Railroad Financial Desk Book. The rail market has had a hot summer—Donna Summer “Hot Stuff” hot. However, this year’s Desk Book is not another article

Kevin Cook (left) is the new President of MRC; he succeeds Dan Penovich (right).

Kevin Cook to Lead MRC

Global railcar leasing company Mitsui Rail Capital, LLC (MRC) has elevated Kevin Cook to President, succeeding Dan Penovich.

Now On Line: Railway Age October 2021 Digital Edition

Railway Age’s October 2021 issue is now available digitally, with the latest on Canadian Pacific Kansas City, plus the annual Railroad Financial Desk Book.

2021 Women in Rail Awards Deadline Extended: Oct. 5

Do you know a visionary woman in the rail industry? The deadline for the fifth annual Railway Age Women in Rail awards has been extended and is fast approaching: Oct. 5. Nominate a colleague or yourself today.

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