Freight Cars

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.

Report: Vertex Railcar Owes Nearly $45.4MM

WilmingtonBiz.com reports that CRRC Yangtze Co. Ltd., owner of 22% of Vertex, claims nearly all of the $45.4 million in debt listed in the petition filed in U.S. Bankruptcy Court in Delaware. Two other Chinese companies—Wuhan Kemai Machinery Manufacturing Co. Ltd. and Wuhan Flying Free Logistics Co. Ltd.—list debts of $92,561 and $373,273, respectively.