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Finance/Leasing

Railway Age’s 2023 ‘Fast Trackers’ 25 Under 40 Honorees

Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Alstom and the Rochester Institute of Technology (RIT) are collaborating “to help advance cybersecurity education, development and research in the transportation industry.” (RIT Photograph)

Supply Side: Alstom, Amsted Digital

Alstom and the Rochester (N.Y.) Institute of Technology sign a three-year Memorandum of Understanding to collaborate on cybersecurity education. Also, Amsted Digital Solutions SAS expands its contract with Ermewa SA,…
Within the 49% of total shippers who are contemplating railcar orders in the next 12 months, 58% said “yes,” they plan to place orders, versus 54% in third-quarter 2022, and 42% said “maybe,” compared with 46% in third-quarter 2022. This could mean an increased level of certainty about ordering within the total shipper group relative to last quarter. Box and tank cars saw demand improvement relative to third-quarter 2022. Hoppers, gondolas and centerbeams declined relative to third-quarter 2022.
Commentary

Cowen Insight: 4Q22 Shipper Surveys Say …

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,…
Images Courtesy of Infinity Transportation
Commentary

North American Rail Craves Stability. A New Year’s Resolution to That Effect Might Be in Order

FINANCIAL EDGE, RAILWAY AGE JANUARY 2023 ISSUE: There is a reason why John Lennon wrote songs and Financial Edge is a column. Perhaps a restatement of what Rolling Stone noted…

Now On Line: January 2023 Railway Age Digital Edition

Railway Age’s January 2023 issue is now available digitally. It features a cover profile BNSF President and CEO Katie Farmer—the recipient of Railway Age’s 2023 Railroader of the Year Award,…
(Autorack Photograph Courtesy of Trinity)

Trinity Acquires Holden America

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…

‘Fast Trackers’ Nominations Due Today, Jan. 9

Railway Age is accepting entries for our 2023 “Fast Trackers” 25 Under 40 awards, in which we will profile 25 individuals under the age of 40 who have made an…
Greenbrier President and CEO Lorie Tekorius

Greenbrier’s Tekorius: ‘Managing Through Near-Term Economic Uncertainty’

“Greenbrier’s business momentum continued in our fiscal first quarter, driven by a strong commercial performance that led to a book-to-bill of 1.2x,” Greenbrier President and CEO Lorie Tekorius reported on…

GBXL Becomes Wholly Owned Greenbrier Subsidiary

The Greenbrier Companies, Inc., on Jan. 3 reported acquiring 100% interest in GBX Leasing (GBXL), its railcar leasing joint venture with The Longwood Group.
Commentary

Get Used to Higher Railcar Prices and Lease Rates

“Rational” and “Disciplined” are words rarely used when talking about freight railcar supply. But perhaps this time is different.
“GATX is sending us a boxcar that’s green—literally. The car will be in use across our network. Keep an eye out and maybe you’ll spot it!” BNSF wrote via LinkedIn earlier this month. (Photograph Courtesy of GATX via LinkedIn)

First Look: ‘Eco-Green’ Boxcar for BNSF

GATX has wrapped and released for delivery the first new 60-foot Plate F “eco-green” boxcar from a 1,500-boxcar deal signed earlier this year with and on lease to BNSF, the…

Telegraph Obtains $10MM Series A Funding

Chicago-based Telegraph, a provider of cloud-based operating systems for railroads, shippers, logistics service providers and railcar leasing companies, has obtained $10.1 million in Series A funding from Crosslink Capital. The…
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.
Commentary

What a Difference a Day Makes

FINANCIAL EDGE, RAILWAY AGE DECEMBER 2022 ISSUE: The editorial staff at Railway Age follows the “old school” code of the postman emblazoned on New York’s City General Post Office. “Neither…

Now On Line: Railway Age December 2022 Digital Edition

Railway Age’s December 2022 issue is now available digitally, featuring a 2023 Outlook that recommends railroads “Proceed with Caution.”
Chinese-made coupler. Source: https://newertrain.en.made-in-china.com/product/ABFJOVWonLrP/China-Railway-Wagon-Coupler-for-Trains-Coupling.html

USITC: U.S. Suppliers ‘Materially Injured’ by China- and Mexico-Sourced Couplers

Following an investigation based on provisions of the Tariff Act of 1930, the United States International Trade Commission (USITC) has determined there is “reasonable indication that an industry in the…
Shutterstock/Manop Boonpeng

WOMEN IN RAIL 2022

RAILWAY AGE, NOVEMBER 2022 ISSUE: Railway Age’s Women in Rail awards program celebrates strong women who excel at leadership, serving the community and contributing to the industry—above and beyond their…

Erica Sander Named LRW Member of the Year

The League of Railway Women (LRW) has selected Erica Sander, LRW Secretary and Aristotle Vice President Government Relations, as Member of the Year for 2022.
Commentary

Clear Supply Chain Pathway? Don’t Hold Your Breath

FINANCIAL EDGE, RAILWAY AGE NOVEMBER 2022 ISSUE: The container ship backlog in Southern California was declared officially “over” by The Wall Street Journal in late October. Its ending was not…

‘Rail Insights: Women in Rail’ Event Set for Nov. 10; Are You Registered?

Topping the list of reasons to attend Railway Age’s inaugural Rail Insights: Women in Rail Conference are headliners Tracy Robinson, President and CEO of CN; Katie Farmer, President and CEO…
FCA said it expected its new Castaños, Mexico, facility to deliver 3,000-3,200 railcars in 2022.

FCA: 3Q22 Financial Results ‘Muted,’ 2022 Outlook ‘Reaffirmed’

While FreightCar America (FCA) “delivered another quarter of strong top-line growth” and produced “another record number of railcars at the Castaños facility,” third-quarter 2022 “financial results were muted by the…
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