The bearing related derailment that occurred in East Palestine Feb. 3, 2023 on a Norfolk Southern line was tragic in many ways. Following months of investigation, the NTSB held a hearing on
We spent a day in two Ohio cities with GATX CFO Tom Ellman and Head of Investor Relations Shari Hellerman. Takeaways include: continued strength in North America railcar leasing; growth in India, where GATX constitutes substantially all the private-sector railcar leasing landscape; Europe growth; and a commitment to investing in long-lived, service-intensive assets, an investment grade, and returning excess cash.
Rail Equipment Finance 2024: Does anyone remember the saying “In Like a Lion—Out Like a Lamb”? Intermodal loadings ended 2023 on a strong note and started out 2024 positive as well. The
We hosted a virtual group meeting with Justin Roberts, VP, Corporate Finance & Treasurer, The Greenbrier Companies. Mr. Roberts remains confident in GBX’s long-term operational plan, launched in April at the company’s first-ever investor day. Inquiry and order activity has been solid in recent weeks. He expects stable industry builds at or modestly above replacement for the next few years.
Nexxiot has signed an agreement allowing RailPulse™—the coalition established in late 2020 to “facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar network”—to act as a
Conversations at the Rail Equipment Finance Conference 2024 (REF), held March 3-6, “suggest favorable railcar leasing fundamentals should continue at least through 2024 and that new railcar orders should recover from fourth-quarter
We had one-on-one and group meetings with several rail and rail equipment stakeholders at the Rail Equipment Finance Conference 2024 (REF), held March 3-6 in La Quinta, Calif. Putting the pieces together,
The March 2024 issue of Railway Age is available digitally, showcasing our Short Line and Regional Railroads of the Year as well as deep dives into next-gen motive power.
In today’s complex, interconnected landscape of modern transportation, rail remains a key pillar for the movement of goods in support of households and businesses. It is essential in transporting raw materials and goods that the public does not often think twice about but are integral to the innerworkings of our society. What does tend to catch attention are derailment statistics without context, concerns over safety, and more.
![“We are introducing 2024 EPS annual guidance of $1.30 to $1.50, which reflects improving margins in both our segments [Rail Products Group and Railcar Leasing and Management Services Group],” Trinity Industries President and CEO Jean Savage said on Feb. 22.](https://www.railwayage.com/wp-content/uploads/2024/02/Caterpillar_E_Jean_Savage-315x168.jpg)
Trinity Industries’ closed out 2023 with revenue up 51% over 2022 and a backlog of $3.2 billion, President and CEO Jean Savage said during an Feb. 22 financial report. Rising leasing rates
