Finance/Leasing

Peak season visibility is murky, as some cracks emerge in the macro. Improving rail service offers some respite as volumes tick upward. Rail pricing continues to come above cost pressures.…

The September 2022 issue of Railway Age is now available digitally, with a focus on locomotive rebuild technology and passenger rail in the Windy City—plus the Product Innovations Showcase 2022.

The Greenbrier Companies Chief Operating Officer Manufacturing Operations William (Bill) Krueger has been appointed President of the division, effective Sept. 1, 2022. Reporting to President and CEO Lorie Tekorius, he…

Belgium-based chemical company Solvay announced Aug. 26 that, with Union Pacific (UP), it has invested in a purpose-built railcar fleet to reduce the carbon footprint of every railcar of soda…

Trend Reminder: As always, this column represents Jim Blaze’s independent evaluation of trends and different rail freight vending companies. This column is about rail freight’s evolving software management tools. As…

The North Carolina Railroad Company (NCRR) appoints Joe Stallings Director of Economic Development. Also, the Metropolitan Atlanta Rapid Transit Authority (MARTA) names Josh Rowan Deputy General Manager; Lana Payne is…

J.P. Morgan Global Alternatives Global Transportation Group announced on Aug. 10 that it has acquired freight railcar leasing platform InStar Group, LLC (InStar) from Sightway Capital, a Two Sigma private…

FreightCar America (FCA) posted a strong second-quarter 2022 and raised its revenue and delivery outlook for fiscal year 2022.

The August 2022 issue of Railway Age is now available digitally, with deep dives into telematics, winter preparedness, and Canada’s Metrolinx.

The Greenbrier Companies’ leasing subsidiary has entered into a new term loan to finance the continued growth of its fleet. Also, Wabtec Corporation is celebrating 60 years of locomotive production…

Newly released data from the Railway Supply Institute (RSI) American Railway Car Institute (ARCI) Committee shows second-quarter 2022 orders are down 13% and deliveries are up 20% sequentially. Total backlog…

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…

“Despite ongoing macroeconomic uncertainty, the operating environment remains strong across our global railcar leasing markets,” GATX President and CEO Robert C. Lyons said during a report on second-quarter 2022 financials,…

Our July 12 rail equipment expert call takeaways are consistent with J.B. Hunt Transport’s (JBHT) recent comments on about sub-optimal 2Q22 rail service (below). This solidifies our expectation of an…

While The Greenbrier Companies posted “strong operating results” in the third fiscal-quarter ending May 31, 2022—with lease fleet utilization at 97.5%, deliveries at 5,200 units and a $3.6 billion backlog—the…

Cathcart Rail has completed its acquisition of the railcar repair business of The Andersons, Inc., and welcomes Nuveen, a leading global investment manager with more than $1.2 trillion of assets…

Steel castings (side frames, bolsters, and couplers) are found everywhere on freight railcars and locomotives, and their supply is critical to the ongoing operations of the North American Rail industry.…

According to Cowen and Company’s recently conducted second-quarter 2022 Rail Equipment and Rail Shipper Surveys, the outlook for railcar orders is positive, and rail shipping rates will continue to increase.…

FINANCIAL EDGE, RAILWAY AGE JULY 2022 ISSUE: At Railway Age’s Rail Insights 2022 conference, there was a key set of industry stakeholders talking about the state of North American rail.

The July 2022 issue of Railway Age is available digitally, with a midyear report on the state of the freight rail industry plus the 51st Annual Car & Locomotive Repair…