Bearing Down on Bearings
The bearing related derailment that occurred in East Palestine Feb. 3, 2023 on a Norfolk Southern line was tragic in many ways. Following months of investigation, the NTSB held a hearing on
The bearing related derailment that occurred in East Palestine Feb. 3, 2023 on a Norfolk Southern line was tragic in many ways. Following months of investigation, the NTSB held a hearing on
The Smokehouse Creek wildfire in Texas, which severed BNSF’s Transcon route on February 27, was the latest in a series of problems that have significantly slowed BNSF’s network and impacted service. After
We spent a day in two Ohio cities with GATX CFO Tom Ellman and Head of Investor Relations Shari Hellerman. Takeaways include: continued strength in North America railcar leasing; growth in India, where GATX constitutes substantially all the private-sector railcar leasing landscape; Europe growth; and a commitment to investing in long-lived, service-intensive assets, an investment grade, and returning excess cash.
The European Commission’s (EC) first-ever in-depth investigation under its new Foreign Subsidies Regulation (FSR) has been heard worldwide. Predictably, this high-profile, anticompetitive case was directed at China. CRRC (China Railway Rolling Stock Corp.),
The FRA recently came out with an interim report in its Long-Distance Rail Study, which was commissioned by Congress in §22214 of the Infrastructure Innovation and Jobs Act (IIJA), also known as
Rail Equipment Finance 2024: Does anyone remember the saying “In Like a Lion—Out Like a Lamb”? Intermodal loadings ended 2023 on a strong note and started out 2024 positive as well. The
I am responding on behalf of Anthony Coscia, Amtrak’s Chairman, to your Feb. 13 letter regarding Amtrak’s long-distance fleet. Since I already addressed many of your assertions (in bold italics below) in
Growth has yet to materialize for the rail industry. What is holding this industry back? Can railroads grow again? If so, how? 2023 saw yet another decline in rail traffic volumes, continuing this industry’s decades-long gradual trend. What philosophy is leading to this outcome?
We hosted a virtual group meeting with Justin Roberts, VP, Corporate Finance & Treasurer, The Greenbrier Companies. Mr. Roberts remains confident in GBX’s long-term operational plan, launched in April at the company’s first-ever investor day. Inquiry and order activity has been solid in recent weeks. He expects stable industry builds at or modestly above replacement for the next few years.
On Feb. 21, I reported on 15 potential long-distance routes that Amtrak could operate someday, in theory, anyway. These routes resulted from a two-year evaluation and selection process sponsored by the Federal