Finance/Leasing

GATX has taken advantage of low interest rates over the past few years to improve its debt profile, which is currently 90% fixed, with an average maturity of 10 years.…

The Petition for Rulemaking that would update the demurrage and accessorial rules governing the railroads’ use and handling of privately owned freight cars “is a step in the right direction,”…

American Industrial Transport, Inc. (AITX) has expanded its repair and maintenance network across the U.S. Northeast and Midwest with facilities in Milton, Pa. and Clinton, Ind. Both facilities are currently…

At Railway Age’s Eighth Annual Rail Insights Conference, to be held virtually June 23, GATX Executive Vice President and President, Rail North America Paul Titterton and Railway Age Financial Editor…

Tealinc, Ltd. has announced the recipients of its 2022 scholarship program. Also, STV has signed the Equity in Infrastructure Project (EIP) pledge.

RAILWAY AGE, JUNE 2022 ISSUE: Car shopping has become one of the more unpleasant pandemic chores.

At Procor, we recognize the importance of delivering the best products and services to the many stakeholders who depend on us. Our railcars transport products that are essential to our…

Railway Age’s June 2022 issue is now available digitally, featuring the annual Guide to Equipment Leasing.

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…

On May 31, we held a discussion with five expert panelists who provided insights into the current state and outlook of the rail, locomotive and railcar leasing and manufacturing markets.…

The League of Railway Women (LRW) is now accepting applications for a pair of scholarships—the Connie Sumara Memorial Scholarship and the Future of Railroading Scholarship—for the 2022-23 school year.

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.

We hosted virtual investor meetings and a group call with Justin Roberts, Greenbrier’s Vice President Corporate Finance and Treasurer. North American demand remains solid, and the production ramp-up appears set…

At Railway Age’s Eighth Annual Rail Insights Conference, to be held virtually June 23, Surface Transportation Board Chair Martin J. Oberman will cover freight railroad service, reciprocal switching, supply chain…

We hosted another Suds with Seidl event featuring leaders across the railroad industry. Rail service continues to be severely challenged, although there have been some slight improvements in recent weeks.…

FreightCar America closed first-quarter 2022 with “significantly improved results” in spite of “persistent inflationary and supply chain challenges,” President and CEO Jim Meyer said during a May 10 earnings report…

The May 2022 issue of Railway Age is available digitally, showcasing the honorees of our third-annual Readers’ Influential Leaders poll and covering signal failure avoidance, North American locomotive fleet stats,…

Newly released data from the Railway Supply Insitute American Railway Car Institute Committee (ARCI) shows orders and deliveries remaining steady in Q122. The total backlog grew by approximately 7.4%, to 46,208,…

Columbus, Ohio-based Cathcart Rail has signed an agreement to purchase The Andersons’ railcar repair business. The deal is expected to close this summer; terms were not disclosed.

David Shannon has been selected as the first General Manager of RailPulse, a coalition of railcar owners, builders and operators whose aim is to “facilitate and accelerate the adoption of…