Railcar orders, backlog soar: KeyBanc

Freight car order, delivery and backlog statistics for 2Q18 show that orders increased sequentially to 23,788 cars from 10,348 in 1Q18, the largest quarterly figure since 4Q14. Carbuilders delivered 13,071 units in the quarter, nearly identical to 1Q18’s 13,098. The backlog stands at 65,161 railcars, up 18% from 1Q18’s 55,216 cars; this implies “a net cancellation of 772 railcars, consisting primarily of gondolas and medium-cube covered hoppers,” according to analysis conducted by KeyBanc Capital Markets.

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.”

Tom Simpson Scholarship Railway Supply Institute

Applicants sought for RSI “Simpson Scholarship”

The Railway Supply Institute (RSI) is now accepting 2018/2019 school year applications for its annual RSI undergraduate scholarship, which has been renamed the Thomas D. Simpson Annual Undergraduate Scholarship in honor of RSI’s newly retired president.

O’Malley assumes RSI throttle

Mike O’Malley began his tenure as President of the Railway Supply Institute (RSI) on Feb. 1, 2018 taking over for Tom Simpson, who has retired.

Mike OMalley1

Changing of the guard at RSI

Come Feb. 1, 2018, the Railway Supply Institute (RSI) will have new leadership, as President Tom Simpson, who has spent nearly 30 years at the organization, retires. Mike O’Malley, a transportation policy expert and former Vice President, Procurement and Supply Chain Management with CSX, will succeed Simpson.

RSI numbers: 260, 756, 44, 281

The Railway Supply Institute (RSI) unveiled an analysis of the economic role its 260-plus member companies play in the U.S. economy during Railway Interchange 2017 in Indianapolis. The analysis shows that RSI members represent more than 756 rail supply locations in 44 states in 281 congressional districts.

Financial Edge: Foresight, hindsight at Rail Insights

At Railway Age’s 2017 Rail Insights conference, attendees were treated to updates on a variety of current industry topics, such as the current status of Amtrak’s replacement of the Acela Express train, and a “what’s next” panel on the state of growth in North American rail freight (intermodal or bust?).

Industry committees provide vital services

Each year, hundreds of executives, technical experts, engineers and safety officers from across the railway supplier universe engage in an activity that, while largely unheralded, is enormously important to our industry and the North American economy.

RSI scholarship deadline coming

The deadline for applying for the 2017/2018 school year RSI Undergraduate Scholarship is June 7.

KeyBanc: 18 months of “theoretical production visibility”

The Railway Supply Institute American Railway Car Institute Committee published its railcar industry order, delivery and backlog statistics for 1Q17 on April 25. Orders in the quarter declined sequentially to 4,814 cars from 4,866 cars in 4Q16. The industry delivered 10,042 railcars in the quarter, following last quarter’s delivery figure of 14,914 railcars. The backlog now stands at 60,471 railcars, down 9.3% from the prior quarter’s level of 66,681 cars.

LOAD MORE