David Nahass, Railway Age Financial Editor
Commentary

Rail Equipment Finance 2023 Key Takeaways

FINANCIAL EDGE, RAILWAY AGE APRIL 2023 ISSUE: In its 37th iteration, Tony Kruglinski’s Rail Equipment Finance Conference (REF) once again took place at the oasis in the desert: The LaQuinta Resort and

(Shutterstock/ Monton Tiemrak)

25 UNDER 40

RAILWAY AGE, FEBRUARY 2023 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2023.

Commentary

Real-Time Tracking: What Are We Waiting For?

“AEI (Automatic Equipment Identification) technology is 40 years old and tells us where our shipment was. What we need is a technology that tells us where our shipment is, and a more

From Left to Right: PST President and CEO Rushi Patel; MARS Past President Carrie Evans and new MARS President Kathy Bathurst; and Metro Transit Police Chief Ernest Morales III.

People News: PST, MARS, SEPTA, Met Council/Metro Transit

PS Technology (PST) appoints Rushi Patel President and CEO. Also, the Midwest Association of Rail Shippers (MARS) welcomes new officers and executive director; the Southeastern Pennsylvania Transportation Authority (SEPTA) appoints Ronald Keele new Chief Safety Officer; and Minnesota’s Metropolitan Council (Met Council) selects Ernest Morales III as Chief of the Metro Transit Police Department.

RDC, whose companies include Iowa Interstate Railroad and Pop-Up Metro, LLC, has become the eighth member of the RailPulse Coalition.

RDC Joins RailPulse Coalition

RailPulse has an eighth member: Pittsburgh, Penn.-based railway investment and management company Railroad Development Corporation (RDC), which on Oct. 19 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.”

Union Pacific on June 7 joined the RailPulse coalition, which was formed in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”

RailPulse Outlines Three-Phase Pilot

RailPulse is developing a cloud-based telematics platform in an aim “to accelerate the adoption of GPS and other technologies across the North American railcar network.” Late last month, it outlined a three-phase approach to development, which is slated to be complete in second-quarter 2023.

Trinity Lands $1.8B Multi-Year Railcar Order

Trinity Industries on Oct. 3 reported that it will supply a mix of 15,000 newly built tank and freight railcars to GATX through 2028, with GATX having an option to order up to 500 more railcars per year from 2023 to 2028.

Trinity 2Q22: ‘Improvement and Momentum’

Trinity Industries on July 27 reported second-quarter 2022 GAAP and adjusted earnings that “reflect improvement and momentum and reinforce our optimism for the back half of the year,” according to President and CEO Jean Savage.

“The use of technology to increase shipment visibility is critical for ensuring we meet the needs and expectations of our customers who rely upon us for safe and reliable service,” said Kenny Rocker, Executive Vice President-Marketing and Sales for UP, which has joined the RailPulse coalition.

UP Joins RailPulse Coalition

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.”

RailPulse Teams With Railinc (Updated, Blaze)

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.

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