Greenbrier 1Q net off on lower railcar deliveries

The Greenbrier Cos. saw earnings decline on weaker revenue after lower deliveries of new railcars in the first quarter of fiscal 2019.

Kempson promoted at Tealinc, Ltd.

Tealinc, Ltd., a railcar operating lessor/broker and rail transportation manager/consultant, has promoted Kristen Kempson to Manager Value Creation-Sales and Marketing.

The Ghosts of A Railroad Christmas Story

Financial Edge, January 2019: Railway Age’s January Issue will be released early next month, but we thought we’d give our readers a Holiday treat with Financial Editor David Nahass’ column, which has a particularly relevant (and a bit tongue-in-cheek) Christmas theme centered around a famous Charles Dickens short story.

Carl Icahn knows rail investing

Financial Edge, December 2018 Railway Age: On Oct. 22, American Railcar Industries Inc. (ARI) announced that it was being acquired by a subsidiary of ITE Rail Fund L.P. (ITE). The acquisition price was $70 per share, for a total purchase price (including debt) of $1.7 billion. That price represented a 51% premium to the previous day’s close (Oct. 19) of $46.29 per share. As ITE is privately held, ARI will become a private company at acquisition.

Leadership, recognized: 2018 Railway Age Women in Rail award winners

Our 14 honorees from freight, transit, supplier and trade organizations are driving their businesses forward while helping to make a leadership difference in the industry and community.

Who will protect the French Fries?

Financial Edge, November 2018: In mid-September, CSX filed a report to the FRA stating that its June 2018 derailment near Princeton, Ind., (about 150 miles south of Indianapolis) was caused by buckled track. The derailment included 23 freight cars and caused the evacuation of nearby homes (within a radius of about one mile from the crash site) as a precautionary measure. Some of the derailed cars were carrying liquid petroleum gas (LPG or NGLs) and liquid propane (LP). 60,000 gallons of liquid NGLs were released. One tank railcar filled with leaking propane was on fire.

Calling all Fast Trackers nominations!

Railway Age presents its fourth annual Fast Trackers 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.

Alberta tar sands lobby demands CBR nationalization

Even in this new world order, when profoundly held beliefs are cast aside according to the whims of political weather, the Oct. 24 call by the Canadian oil lobby for a government takeover of crude by rail (CBR) is a stunning abandonment of principle.

Tank car building surge imminent: Cowen

An estimated 64,000 DOT117J (new) and DOT117R (retrofit) tank cars will be produced over the 2019-2022 time frame as confidence grows in a tank car demand resurgence, according to Cowen and Company analyst Matt Elkott.

AllTranstek expands services

AllTranstek L.L.C. has added Tax & Audit Services to its fleet management offerings, and has named industry veteran John Hoyt as Manager of the newly created service. The company said it created the new service “to respond to the growing demand for assistance in the highly specialized areas of monitoring tax code changes, ad valorem tax compliance and assessment reviews.”

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