Vertex sees tank, aggregate hopper car orders
Vertex Railcar Corp. said it has received an order for more than 130 2,480-cubic-foot open-top aggregate hoppers with automatic bottom gates and 60-degree side slopes.
Trinity Rail
Trinity quarterly results decline on weaker car deliveries
Car builder Trinity Industries on Tuesday said revenue and profits declined on “significantly lower” railcar deliveries in the first quarter of 2017 compared to the year-ago quarter.
Takeaways from REF 2017: Matt Elkott
Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially more business-friendly policies and an infrastructure bill. We also noticed a rise in the number of international investors. We continue to believe a material pickup in railcar demand and lease rates is unlikely before late 2017/early 2018.”
For Miner, twice is nice from TrinityRail
For the second consecutive year, TrinityRail has awarded Miner Enterprises, Inc. a Premier Supplier Award. Trinity selected Miner as one of 13 standard component suppliers deserving special recognition based on product quality, pricing, and reliable on-time delivery.
Keybanc’s Barger: Railcar builders in a relatively good place
Steve Barger of KeyBanc Capital Markets attended the Midwest Association of Rail Shippers Conference, where, in conversations with railcar OEMs, lessors and shippers, he came to the general conclusion that, though 2016 will be a difficult year for the railcar industry, it is in a good position to withstand a period of weaker orders, chiefly due to a large backlog.
Trinity Rail presents Miner Enterprises with Premier Supplier Award
Miner Enterprises, Inc., an Illinois-based supplier of railcar components, announced that it has earned a Premier Supplier Award from railcar manufacturer Trinity Rail, the company announced June 16, 2015. Miner received the award based on its track record of providing high quality products, on time delivery, and superior customer service.