Finance/Leasing

Downers Grove, Ill.-based rail transport management and consulting firm AllTranstek LLC recently announced that Steve Kuz has been promoted to Account Manager.

Chicago-based GATX Corp. has reported fourth-quarter 2023 net income of $66.0 million, or $1.81 per diluted share, compared with fourth-quarter 2022’s $48.4 million, or $1.36 per diluted share. For full-year…

Despite the below-freezing inclement weather, a respectable number of hearty Midwest railroaders gathered at the Union League Club of Chicago to attend the January meeting of the Western Railway Club.…

Wabtec’s Trip Optimizer energy-management software tops 1 billion miles of operation. Also, Rail Vision Ltd. lands a switch-yard systems contract from a U.S.-based rail and leasing services company.

Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.

Our Fourth-Quarter 2023 Rail and Rail Equipment Surveys generated a positive read-through for the rail group, albeit with a mild negative for railcar manufacturing. 4Q23 Rail Survey Expected rate increases…

Former Kansas City Southern (KCS) President and CEO Patrick J. Ottensmeyer joins the Board of Directors at J.B. Hunt Transport Services. Also, Chec Morrow has been elevated to Director of…

The Midwest Association of Rail Shippers (MARS) at its 2024 Winter Meeting at the Westin Chicago Lombard celebrated its 100-year anniversary with an attendance of 940, exceeding last year’s record-setting…

ZTR and GATX have signed a strategic agreement to install PIVOT™, ZTR’s new railcar remote monitoring telematics solution, on GATX’s North American railcar fleet. It will interface, the companies say,…

OptiFuel Systems (OptiFuel) announced Jan. 11 that it will begin testing a 5600 hp Total-Zero™ Renewable Natural Gas (RNG) Line Haul Locomotive and 2500 hp Total-Zero™ Powered Tender with 7,500…

Railway Age’s January 2024 issue is now available digitally. It features a profile of CN President and CEO Tracy Robinson—the recipient of Railway Age’s 2024 Railroader of the Year Award,…

The Greenbrier Companies, Inc. on Jan. 8 formally launched its new organizational structure supporting the company’s “Better Together” strategy unveiled at its April 2023 Investor Day. The new structure reorganizes…

FINANCIAL EDGE, RAILWAY AGE JANUARY 2024 ISSUE: The marketing genius that was P.T. Barnum coined the oft repeated phrase “There is no such thing as bad publicity.” One only needs…

Railway Age is now accepting entries for our 2024 “Fast Trackers” 25 Under 40 awards, in which we will profile 25 individuals under the age of 40 who have made…

The Greenbrier Companies’ new railcar backlog “remains robust,” said President and CEO Lorie Tekorius during a report on the manufacturer’s first fiscal quarter ended Nov. 30, 2023. “Our backlog, combined…

Forsyth, Mont.-based freight railcar owner/lessor and rail transportation solutions company Tealinc LLC (Tealinc) announced Jan. 2 that Nate Chilton has been appointed to Director: Railcar Leasing & Sales. He will…

The North Carolina Technology Association (NC TECH) recently presented TransmetriQ, a Railinc® brand that provides rail management software, with an award “for advancing technology in the supply chain.”

We spent two days in three Southeast cities with Trinity Industries CFO Eric Marchetto and head of Investor Relations Leigh Anne Mann. Management articulated what is arguably a railcar paradigm…

The acquisition of certain railcar assets and operations formerly owned by SMBC Rail Services LLC has been completed by American Industrial Transport, Inc. (AITX), a railcar leasing and repair and…

As supply chain, labor and border challenges ease, Trinity Industries’ (TRN) year-to-date choppy execution, despite a backdrop of decidedly favorable supply dynamics, should improve leading to 14% 2024 production growth…