RSI Equipment Leasing Committee Names Zander Chairman

The Railway Supply Institute (RSI) Equipment Leasing Committee has named TrinityRail Senior Vice President Harry Zander as its new chairman. Zander, a long-time railcar leasing professional, brings 29 years of railcar leasing experience to the role, beginning with Chrysler Capital and including stints at GE Capital, Mitsui and Macquarie.

Is There Room For Optimism in 2020?

INTERNATIONAL RAILWAY JOURNAL, JANUARY 2020 ISSUE: A stagnant North America freight market is set to continue in 2020. However, technological advances and potential growth in intermodal and heavy-haul offer Class I railroads room for optimism.

VIDEO: Pat Ottensmeyer, 2020 Railroader of the Year

The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain. In this interview with Railway Age Editor-in-Chief William C. Vantuono, Ottensmeyer talks about his efforts on behalf of the North American rail industry to support mutually beneficial trade and robust economic growth to help ensure that the rail industry has a voice, working with public- and private-sector leaders to strengthen bilateral commercial ties.

Justice For All?!?

FINANCIAL EDGE, RAILWAY AGE DECEMBER 2019 ISSUE: When an investor buys rail equipment to lease it to a customer (lessee), generally there are terms and conditions that govern the use and maintenance of that equipment during the term of the loan or lease. Specifically, in leasing, the investor in the equipment (the lessor) makes a forward bet on the future value of the equipment.

Railway Age 10 Under 40 Awards Open for Entries

Railway Age is now accepting entries for its fourth annual “Fast Trackers” 10 Under 40 awards, in which we will profile ten individuals under the age of 40 who have made an impact in their respective fields or within their company. Nick Little, Director of Railway Education at Michigan State University’s Center for Railway Research and Education, will judge the entries. Those that represent the “best of the best” will be featured in Railway Age’s February 2020 issue and recognized at our Railroader of the Year Dinner, March 10, 2020, at the Union League Club of Chicago.

Railroad KPIs Suggest Continuing Weakness

KPIs are shorthand for linked Key Performance Indicators. Not all railroad industry KPIs are internalized data. In fact, the best KPIs come from non-railroad sources. Internal railroad data is important. But its value appears when cross-checked with other sources. Here, the prime research source is the Association of American Railroads (AAR) monthly report card.

GATX Sues Georgia Power for Railcar Damage

Unless rail customers own their own railcars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corp., which serves customers in several areas of the world. When a customer leases freight cars, the lessor expects them to be returned in good condition.

Thompson Joins MUL Railcars

Phillip W. Thompson has joined MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Vice President Business Development. Thompson comes to MULR from his most recent role as a Director in the Capital Markets group of Trinity Rail, where during eight years he held various roles in finance, strategy, capital markets and services. In his new role at MULR, Thompson is responsible for investment and services strategy, portfolio management and general management activities.

GBRX Ends FY19 With “Positive Momentum”

The Greenbrier Companies, Inc. (GBRX) reported financial results for its fourth fiscal quarter and year ended August 31, 2019. The former includes record revenue of $914.2 million; the latter, record revenue of $3 billion and a record new railcar delivery total of 23,400 units for the year.

Takeaways, Locomotive and Railcar Conference Call: Cowen

According to Cowen and Company freight transportation analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer, inquiries about new railcars appear to have risen slightly in the past month, while locomotive modernizations should remain solid, in the midst of a continuing weak new-build market. Industry-wide Precision Scheduled Railroading implementation has not been tested in a volume growth environment.