Now On Line: Railway Age’s March 2024 Digital Edition
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.
Finance/Leasing
Commentary
Rail Safety Is Everyone’s Business
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)
‘Continued Improvement’ Expected in 2024, Trinity’s Savage Says
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
People News: SNR, STV, Hanson, Wells Fargo Rail
Sierra Northern Railway (SNR) elevates Brenton A. MacDonald to Vice President and Chief Operating Officer. Also, Claire Brinkley joins STV as Vice President and Strategic Growth Director for the firm’s transportation South/Central group; Anthony Pontone joins Hanson Professional Service Inc.’s Chicago regional office as a civil/railway engineer; and Ryan Miller joins Wells Fargo Rail as Executive Director of Mechanical Operations.
DavRail, McCulloch Group Enter Partnership for Rail Handling and Logistics Equipment
Fort Worth, Texas-based provider of maintenance-of-way equipment and locomotive maintenance solutions DavRail Inc. (DavRail) announced Feb. 8 that it has entered into a strategic partnership with McCulloch Group, granting the company distribution rights for McCulloch’s rail handling and logistics equipment in the U.S., Canada, Mexico and Brazil.
FRA Issues Report on Improving Tank Car Crash Energy Management
The Federal Railroad Administration (FRA) has released a technical report aimed to help improve the puncture resistance of hazardous materials (hazmat) tank cars in the event of an accident or derailment.
25 Under 40: Part 2 of 4
RAILWAY AGE, FEBRUARY 2024 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2024.
Commentary
Pre-Pandemic Rail Is a Thing of the Past
FINANCIAL EDGE, RAILWAY AGE FEBRUARY 2024 ISSUE: Only those people who are capable of being a soulless rake (a rake is a person prone to excess) leading a careless and superfluous life can
Commentary
Rail Equipment Expert Panel Takeaways
Railcar manufacturing inquiries and orders appear to have moderated, but the 2024 build outlook remains stable, modestly above replacement demand. Lease rates are holding up well at elevated levels. While locomotive parkings
CPKC Joins RailPulse™ Coalition
Canadian Pacific Kansas City (CPKC) on Feb. 1 announced that it has joined the RailPulse™ Coalition, becoming the third Class I railroad and the tenth member of the coalition, which was established in late 2020 to “to develop, broaden and accelerate the use of GPS and other telematics technologies on railcars that increase safety, efficiency, and visibility across North America’s freight rail industry.”