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Freight Cars

Trinity Industries President and CEO Jean Savage

Trinity Set Up for 2H23 Growth, Says Savage

Trinity Industries’ second-quarter 2023 results “reflect a favorable operating environment and significant positive trends in our business,” President and CEO Jean Savage said during an Aug. 1 financial report. “We…
(Photograph by William C. Vantuono)

ARCI: 2Q23 Freight Car Numbers on the Rise

Newly released data by the Railway Supply Institute (RSI) American Railway Car Institute Committee (ARCI) shows increases in railcar orders, deliveries and backlog in 2023’s second quarter—both sequentially and year-over-year.
“Looking ahead, we’re building momentum, and the pace of our commercial activity across segments and regions is growing,” Rafael Santana said July 27 during a second-quarter 2023 financial report.

Wabtec: ‘Strong’ 2Q23 Results, Full-Year Guidance Raised

Wabtec “delivered another strong quarter” for the three months ending June 30, 2023, with double-digit earnings per share growth, said President and CEO Rafael Santana, who noted during a July…

GATX 2Q23: ‘Continued Strong Demand’ (UPDATED July 26, TD Cowen)

“We see continued strong demand globally for the majority of railcar types in our existing fleets,” GATX President and CEO Robert C. Lyons said during a report on second-quarter 2023…

NRHS, Railway Age, RT&S Partner on Historic Preservation Award: Deadline Extended

The National Railway Historical Society recently entered into a new partnership with Railway Age and Railway Track & Structures to present the “Outstanding Railroad Historic Preservation Award,” designed to recognize a railroad for…
​View of the accident scene, courtesy of NTSB.

NTSB Issues MRL Derailment Preliminary Report

The National Transportation Safety Board (NTSB) has released a preliminary report for its investigation of the performance of DOT-111 tank cars in a Montana Rail Link (MRL) train that was…
Commentary

Collaboration for Progress and Growth: Why Trade Associations Matter

As I read the rail trade press and follow the commentary of industry thought leaders, I keep coming back to a very basic premise. There is no dispute on the…

Canada TSB: UDR Led to 2019 CP Train Derailment

The Transportation Safety Board of Canada (TSB) on July 19 released its investigation report into the January 2019 Canadian Pacific (CP) freight train derailment in the Upper Spiral Tunnel, near…

USDOC Issues Chinese Coupler CVD, Antidumping Duty Orders

Based on “affirmative final determinations” by the U.S. Department of Commerce (USDOC) and the U.S. International Trade Commission (USITC), USDOC issued on July 14 a CVD (countervailing duty) order and…

TTX Heading Southeast to North Carolina

TTX Company, the Class I-owned railcar pooling company founded as Trailer Train in 1955 by the Pennsylvania Railroad and a major provider of railcars and related freight car management services…
BNSF’s top score places it among the leading companies dedicated to building diverse and inclusive work environments.

Amtrak, BNSF, CSX and UP Earn Spots on Disability Equality Index

Amtrak, BNSF, CSX and Union Pacific (UP) have each been recognized as a “Best Place to Work for Disability Inclusion” by the American Association of People with Disabilities (AAPD) and…

Reconditioned Bearing Performance Testing

MxV Rail R&D, RAILWAY AGE, JULY 2023 ISSUE: In the North American railroad industry, bearing reconditioning is a common practice that occurs every time a bearing is removed from an…

GATX Modifies Lease Price Index Calculation

GATX will report its Lease Price Index (LPI) based on a modified methodology beginning with second-quarter 2023. Weighing in on the move: David Nahass, Railway Age Financial Editor, and Matt…

USITC: Domestic Suppliers ‘Materially Injured’ by China

On the day that U.S. Treasury Secretary Janet Yellen began talks with the Chinese government over what the Biden Administration claims are “punitive actions” against U.S. firms, the United States…

National Steel Car Workers on Strike

Railcar production at National Steel Car, Hamilton, Ont., has been shut down since June 29 when 1,450 employees belonging to United Steelworkers Local 7135 walked off the job when contract…

PHMSA Seeks ANPR Comments

The Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit feedback on initiatives PHMSA is considering “that may modernize Hazardous Materials…

Railway Age: July 2023 Digital Edition On Line

The July 2023 issue of Railway Age is available digitally, with a midyear report on the state of the freight rail industry, plus the Car & Locomotive Repair Directory, our…
Virginia Railway Express has officially opened its new Lifecycle Overhaul and Upgrade (LOU) Facility in Spotsylvania County, Va. (VRE Photograph)

VRE Opens Lifecycle Overhaul and Upgrade Facility

Virginia Railway Express (VRE) can now perform expanded commuter railcar and locomotive maintenance onsite at its new Lifecycle Overhaul and Upgrade (LOU) facility in Spotsylvania County, Va.
(The Greenbrier Companies Photograph)

Greenbrier Ups Delivery, Revenue Guidance for 2023

The Greenbrier Companies’ third fiscal quarter, ending May 31, 2023, “reflects continued operating momentum and strong commercial activity,” President and CEO Lorie L. Tekorius said June 29 during the Oregon-based…
(Photograph Courtesy of Wabtec)
Commentary

Rail Equipment Expert Panel Takeaways: TD Cowen

While we don’t know definitively, a part of Wabtec Corp.’s pre-owned locomotive order may not have been reflected in its guidance and could mean a mild incremental benefit, according to…
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