Railcar builder Greenbrier reshapes leadership roles
The Greenbrier Companies, with an eye on the future. announced new corporate officer assignments and promotions.
Freight Cars
Cowen and Company surveys “generally positive”
Parallel first-quarter 2018 surveys conducted by Cowen and Company with rail shippers, and with shippers who own or lease railcars, indicate that the market is “generally positive” for railroads and railcar manufacturers.
RSI seeks input on Chinese import tariffs
The U.S. Trade Representative (USTR) has published a notice in the Federal Register listing the Trump Administration’s proposed tariffs on Chinese imports because of its investigation into what it calls “China’s unfair trade practices under Section 301 of the Trade Act of 1974.”
Greenbrier meets 2Q railcar order estimates, affirms guidance
The Greenbrier Companies reported new car orders and deliveries that met or were near estimates for the second quarter, along with gains in key financial indicators.
UP’s Fritz to STB: “Stabilize service, reverse downward trend”
Union Pacific has responded to the Surface Transportation Board’s March 16 blanket letter requesting information on Class I railroad 2018 service outlooks.
Ice to STB: “We are prepared”
BNSF is the first U.S. Class I (and the second overall) to respond to the Surface Transportation Board’s March 16 blanket letter requesting information on each railroad’s 2018 service outlook.
Fast Trackers: Railway Age’s 10 under 40
These rising industry stars are making an impact in their respective fields, and represent the “best of the best”.
Railcars a “steel” as tariff looms?
Cowen and Company analysts Matt Elkott and Matthew Frankel are projecting a 20% sequential jump in freight car orders in the first quarter to 10,200 units (up 20% from the fourth quarter’s 8,500 units), since “buyers may preempt an acceleration in the steel price rally.”
CP says grain movement improving
Canadian Pacific Railway reported year-to-date shipments of grain through Week 31 were up 3%, or approximately 400,000 metric tons.
Additional rail labor agreements reached
As ascendancy of jaw-jaw over war-war is making even a partial national rail work stoppage less probable, an agreement this week between the freight railroads and their second largest labor union has further decreased such concern.