While lease rates and utilization improved in first-quarter 2023 for Trinity Industries’ Railcar Leasing and Management Services Group, margins in the Rail Products Group “continue to reflect headwinds,” according to President and CEO Jean Savage, who said during a May 2 financial report that company officials are “optimistic about what Trinity can accomplish in 2023.” TD Cowen weighs in on May 4.
The North American Rail Shippers Association (NARS) will host its annual meeting May 24-26, 2023, in Chicago. This year’s theme is “A New Era in Railroading.”
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
!["[The acquisition] is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation," said Trinity President and CEO Jean Savage.](https://www.railwayage.com/wp-content/uploads/2023/03/Caterpillar_E_Jean_Savage-300x169.jpg)
Trinity Industries, Inc. announced March 9 that it has acquired RSI Logistics, a data-centric provider of proprietary software logistics services and terminal management solutions to the North American rail industry, for $70 million.
At Trinity Industries, the Railcar Leasing and Management Services Group continues to see “lease rate improvement and strong utilization,” and the Rail Products Group “again faced labor and supply chain challenges, impacting deliveries and margins,” President and CEO Jean Savage reported during a fourth-quarter and full-year 2022 earnings announcement on Feb. 21.
Tightness across a wide array of freight cars has continued, and with supply chain challenges limiting the industry’s ability to produce to demand, the lease rate momentum looks sustainable, according to expert panelists at Cowen and Company’s Jan. 19 webinar on the current state and outlook of the rail, locomotive, and railcar leasing and manufacturing markets.
According to Cowen and Company’s recently conducted fourth-quarter 2022 Rail Equipment and Rail Shipper surveys, the demand for railcars remains strong, and rail-shipping pricing expectations ticked up sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.
Karen J. Hedlund has been designated Vice Chairman of the Surface Transportation Board (STB). Also, the League of Railway Women (LRW) named Trinity Industries, Inc. President and CEO Jean Savage 2022 Railway Woman of the Year; and the Intermodal Association of North America (IANA) has installed its 2023 Board of Directors and Officers.
Trinity Industries, Inc., on Jan. 6 reported the acquisition of Holden America, a Montreal, Quebec-based producer of multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail, to support its autorack manufacturing business.
A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.
