Meet the Speakers of the 2024 MARS Winter Meeting
The Midwest Association of Rail Shippers (MARS) will host its annual Winter Meeting Jan. 9-11, 2024, in Lombard, Ill., at the Westin Chicago Lombard hotel.
GATX
GATX 3Q23: ‘Consistent With Initial Outlook’
“Consistent with our initial outlook, the railcar leasing environment in North America remains robust,” GATX President and CEO Robert C. Lyons said during a report on third-quarter 2023 financials, which included Rail North America fleet utilization of 99.3% and a renewal success rate of 83.6%.
For STB’s RETAC, Six New Members
The Surface Transportation Board (STB) on Oct. 23 reported appointing six new members to its Rail Energy Transportation Advisory Committee (RETAC).
Bailey, Elkins, Seyfert and Titterton: ‘Reversion to the Mean’
The definition of the financial term “reversion to the mean,” according to Forbes, says that “an event that is not average will be followed by an event that is closer to the
Commentary
TD Cowen: Day 1 Transport Conference Takeaways
We hosted freight industry “fireside chats” and presentations on Day 1 of the TD Cowen 16th Annual Global Transportation Conference, being held Sept. 6-7 in Boston. While we heard that the rail
People News: GATX, IntelliTrans, MBTA
GATX Corporation elevates three senior executives. Also, a new President and CEO takes the throttle at IntelliTrans; and Massachusetts Bay Transportation Authority’s Chief Safety Officer resigns.
GATX 2Q23: ‘Continued Strong Demand’ (UPDATED July 26, TD Cowen)
“We see continued strong demand globally for the majority of railcar types in our existing fleets,” GATX President and CEO Robert C. Lyons said during a report on second-quarter 2023 financials, which included Rail North America fleet utilization of 99.3% and a renewal success rate of 85.3%.
GATX Modifies Lease Price Index Calculation
GATX will report its Lease Price Index (LPI) based on a modified methodology beginning with second-quarter 2023. Weighing in on the move: David Nahass, Railway Age Financial Editor, and Matt Elkott, TD Cowen Transportation OEM Analyst and Vice President Equity Research.
Telematics: Tell-All Tracking
RAILWAY AGE, MAY 2023 ISSUE: Experts say the global rail market could exceed $13 billion in 10 years.
NS, Trinity, GATX Earn Responsible Care® Awards
The American Chemistry Council (ACC) has recognized Norfolk Southern (NS), Trinity Industries and GATX for safety and environmental stewardship as part of its 2023 Responsible Care® Awards program. Also, Nisus Corporation has