Finance/Leasing

Netskrt Systems and BAI Communications (BAI) team up to offer streaming to railway operators in the UK, Europe and North America. Also, TransmetriQ enables detailed railcar lease, health and location…

The Greenbrier Companies on March 22 reported receiving orders for 4,500 new railcars during the fiscal second quarter ended Feb. 28, 2023, for which it provided preliminary results, including deliveries…

Three days with hundreds of rail equipment industry participants at Rail Equipment Finance 2023 reveal a railcar market that is healthier than we’ve feared into 2023 (lease rate inflation overwhelming…

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,…

Quebec City has selected Alstom as preferred bidder to design, build and maintain the fleet of low-floor LRVs for the city’s $C 3.9 million ($US 2.9 million) light rail project.

The March 2023 issue of Railway Age is available digitally, showcasing our Short Line and Regional Railroads of the Year as well as deep dives into next-gen motive power.

Railway Age is calling on subscribers to submit their nominations by April 10 for the fourth-annual 10 Most Influential Industry Leaders poll.

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…

RailPulse’s cloud-based telematic platform is slated to be complete in the second half of 2023. Also, IntelliTrans partners with AllTranstek, LLC to improve railcar maintenance tracking.

The Railway Supply Institute (RSI), Railway Engineering-Maintenance Suppliers Association (REMSA) and Railway Tie Association (RTA) have issued Rail Supply Industry: Manufacturing and Services Keeping the American Economy on Track, their latest…

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

FINANCIAL EDGE, RAILWAY AGE FEBRUARY 2023 ISSUE: January is always an unusual month. Holiday coziness is quickly exchanged for the realities of credit card bills, a “don’t talk to me…

“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…

The February 2023 issue of Railway Age is now available digitally, showcasing our 25 Under 40 “Fast Tracker” honorees.

Savage joins Cyclyx 10 to 90® program to help reduce plastic waste. Also, GATX Corporation (GATX) announces BBB+ Long-Term Issuer Default Rating (IDR) from Fitch Ratings, Inc. (Fitch).

JA Mitsui Leasing Ltd. (JAML), through its subsidiary JAML MRC Holding, Inc., and Mitsui & Co., Ltd. (Mitsui) have entered into a definitive agreement for JAML to take full ownership…

Overall freight railcar deliveries in 2022’s fourth quarter increased by approximately 13% over 3Q22, but orders fell 57%. The backlog fell slightly, by 4%, the Railway Supply Insitute (RSI) American…

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…

Chicago-based GATX Corp. has reported fourth-quarter 2022 net income from continuing operations of $48.4 million, or $1.36 per diluted share, compared with fourth-quarter 2021’s $61.0 million, or $1.69 per diluted…

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…