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 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

Pictured (left to right): Chad Raube, IntelliTrans; Ken Sherman, IntelliTrans; Kevin J. Hillesland, GATX; Geoffrey D. Phillips, GATX; John M. Sbragia, GATX; and Ron Ester, MBTA.

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.

TTX has begun installing Nexxiot GPS devices on its new-build TBOX high-capacity boxcar fleet. The company expects as many as 1,700 boxcars to be equipped in 2023, and will also be equipping several hundred multi-level autoracks (pictured).

Telematics: Tell-All Tracking

RAILWAY AGE, MAY 2023 ISSUE: Experts say the global rail market could exceed $13 billion in 10 years.

Norfolk Southern has received an American Chemistry Council award for it LEED® Gold-certified headquarters building in Atlanta, Ga.

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

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