For NOPB, Double-Zero Safety

With zero reportable injuries and zero human-factor-caused derailments in 2020, Class III New Orleans Public Belt Railroad (NOPB) set a new safety record, “ the first time reaching this milestone for NOPB and a significant accomplishment in the railroad industry, which holds itself to stringent safety standards,” the railroad said. The record is based on NOPB data from the past 14 years.

Purchasing Cryo-Trans—owner of 2,200 refrigerated and insulated railcars, and manager of 40,000-plus annual rail shipments—will help Lineage provide an “under-one-roof solution” for customers, integrating its warehousing business with transportation.

Lineage Logistics Moves Into Refrigerated Railcar Market

Lineage Logistics, LLC, is expanding its temperature-controlled warehousing business into the refrigerated and insulated railcar market with the acquisition of Cryo-Trans. The move, it said, will create a “seamlessly integrated supply chain solution for food and beverage customers.”

“Greenbrier remains focused on sustaining a high level of liquidity and carefully managing our manufacturing footprint in order to continue to generate operating cash flow,” Chairman and CEO William A. Furman said.

GBX Fiscal 1Q21: ‘Strong Liquidity,’ $2.35B Backlog

The Greenbrier Companies, Inc. (GBX), in its first fiscal quarter ended Nov. 30, 2020, reported a net loss of $10 million, attributable to the company, in what continues to be a “challenging market environment.” GBX noted it has been successful in maintaining cash flow and liquidity—“essential components” of its operating strategy—and its diversified $2.35 billion new railcar backlog of 23,900 units—including orders for 2,900 railcars in the quarter, valued at $260 million—“provides a baseload of activity as we gain greater visibility into customer needs as the year unfolds.”

January Railway Age Digital Edition On Line

Railway Age’s January 2021 issue is now available digitally. It features a cover profile of Canadian Pacific President and CEO Keith Creel—the 58th annual recipient of Railway Age’s Railroader of the Year Award.

BNSF/Wabtec BEL Pilot Under Way

BNSF Railway and Wabtec have begun testing a battery-electric locomotive (BEL) in revenue service between Barstow and Stockton, Calif. The BEL, sandwiched in between two Wabtec Tier 4 diesel-electric locomotives, creates what is described as a “battery-electric hybrid consist.” All three units power the train in main line operations.

Record Grain Moves Continue for CN, CP

Canada’s two Class I railroads continue to set records for grain moves. For December 2020, both CN and Canadian Pacific (CP) reported nearly 3.00 million metric tonnes (MMT) shipped.

Al Reinschmidt Remembered Through Scholarship Fund

Dr. Albert J. Reinschmidt touched the lives of many during his railroading career, which spanned more than 40 years. With his passing on Jan. 5, 2018, the international railway industry lost a great leader and friend. But Al’s memory lives on through the Albert J. Reinschmidt Memorial Scholarship Fund.

2021 Freight Rail and Equipment Market Outlook, with David Nahass, Jason Seidl and Matt Elkott: RAIL GROUP ON AIR PODCAST

Railroad Financial Corp. President and Railway Age Financial Editor David Nahass; Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl; and Cowen and Company Transportation Equipment Analyst

For 2020, 2021, and 2022, we are projecting railcar deliveries of 32.2K, 35.9K and 36.2K units, respectively.

The Cowen Insight: OEM Earnings, Railcar Demand

At Cowen and Company, we are revising our transportation OEM and machinery earnings estimates for fourth-quarter 2020 and 2021, and introducing our 2022 estimates; updating our North American Class 8 production forecast; and fine-tuning our railcar supply demand model. What are we seeing? Gradually improving supply-side dynamics.

Chart Charts Canadian Hydrogen Course

Chart Industries, Inc., a significant player in the rail industry for providing equipment for LNG (liquefied natural gas)-powered locomotives, has made a significant investment in a Canadian supplier of hydrogen fuel cell technology.