Wabtec Generates $124MM in 3Q19

Wabtec Corp. recently reported its 3Q19 results, which include earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03. In addition, Wabtec noted that it generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million.

GATX Sues Georgia Power for Railcar Damage

Unless rail customers own their own railcars, they either use ones owned by the railroad or they lease them. One of the largest freight car and locomotive lessors is GATX Corp., which serves customers in several areas of the world. When a customer leases freight cars, the lessor expects them to be returned in good condition.

Regional Rail Acquires Pinsly Railroad’s Fla. Operations

3i-backed Regional Rail has agreed to acquire Pinsly Railroad Company’s Florida operations, with 208 miles of track across three short line railroads, subject to authorization from the Surface Transportation Board.

Thompson Joins MUL Railcars

Phillip W. Thompson has joined MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Vice President Business Development. Thompson comes to MULR from his most recent role as a Director in the Capital Markets group of Trinity Rail, where during eight years he held various roles in finance, strategy, capital markets and services. In his new role at MULR, Thompson is responsible for investment and services strategy, portfolio management and general management activities.

Weather or Not: ASLRRA Offers Disaster Preparedness Resources

The American Short Line and Regional Railroad Association (ASLRRA) has developed and provided resources designed to proactively assist its members in addressing the challenges of both weather- and non-weather-caused emergency events affecting employees, shippers, infrastructure and operations.

GBRX Ends FY19 With “Positive Momentum”

The Greenbrier Companies, Inc. (GBRX) reported financial results for its fourth fiscal quarter and year ended August 31, 2019. The former includes record revenue of $914.2 million; the latter, record revenue of $3 billion and a record new railcar delivery total of 23,400 units for the year.

Trinity: “Significantly Improved” 3Q19 Results

Trinity Industries, Inc. recently announced earnings results for the third quarter ended September 30, 2019, which include “significantly improved” year-over-year growth in revenue, operating profit and earnings per share.

PSR and PTC: Could They, Should They, Must They Coexist?

Editor’s Note: At an Oct. 8, 2019 presentation before the W.A.R.E.S. (Washington Area Railway Engineering Society) Annual Conference, Steve Ditmeyer, Principal of Transportation Technology and Economics, presented his vision of what he calls “NextGen Train Control,” or “What comes next after Positive Train Control.” Following are excerpts from his talk. The entire presentation can be downloaded from the link following this story. – William C. Vantuono

KCS: Record 3Q19 Revenue

Kansas City Southern (KCS) reported record revenues of $747.7 million, an increase of 7% from third quarter 2018. Overall, carload volumes were flat compared to prior year.

Happy 150th! Wabtec Celebrates Anniversary, New HQ

Wabtec Corp. recently celebrated its 150th anniversary, as well as the grand opening of its new headquarters in Pittsburgh.