RailPulse has a seventh member: Union Pacific, which on June 7 joined the coalition established in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”
Railinc will develop, maintain and operate RailPulse’s technology platform for monitoring railcar location, condition and health under a 10-year agreement, RailPulse reported on May 31.
David Shannon has been selected as the first General Manager of RailPulse, a coalition of railcar owners, builders and operators whose aim is to “facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar network to significantly increase visibility, efficiency and safety.”
Cowen and Company transportation analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliott Alper recently conducted their first-quarter 2022 rail equipment and shipper surveys. Following are the results, plus insights on The Greenbrier Companies Inc. (GBX), Trinity Industries Inc. (TRN), GATX Corporation, and the Class I railroads, ahead of earnings.
The Greenbrier Companies, Inc. President and CEO Lorie Tekorius has been elected to the company’s Board of Directors. Also, Cando Rail & Terminals has elevated Lisa Smith to Assistant Vice President of Safety, Environmental and Regulatory.
Greenbrier President and Chief Operating Officer Lorie Tekorius on March 1 will become the company’s next CEO and President, succeeding Co-founder, Chairman and CEO William A. Furman; Furman will serve as Executive Chair, retaining responsibility for certain line functions until Aug. 31, 2022, the end of Greenbrier’s fiscal year.
The Greenbrier Companies, Inc. has completed the first offering of railcar asset-backed securities and long-term financing for GBX Leasing, its joint venture with The Longwood Group. Also, Railroad Software and Automated Rail have formed a strategic partnership.
The Greenbrier Companies, Inc., received orders for 2,900 new railcars, valued at $345 million, in December and January, the first two months of its second fiscal quarter that began Dec. 1, 2021; this follows first fiscal quarter orders for 6,300 cars.
United States Steel Corp. reported on Jan. 11 that it will build a $3 billion steel mill in Osceola, Ark., to be served by BNSF.
“During the first fiscal quarter of 2022, Greenbrier achieved its fourth consecutive quarter with a book-to-bill ratio exceeding 1.0x amid the strengthening demand environment,” Chairman and CEO William A. Furman reported on Jan. 7; net earnings came in at $11 million, or $0.32 per diluted share, on revenue of $551 million.
