Freight Cars

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.

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…

For Norfolk Southern (NS), fourth-quarter 2022 railway operating revenue was $3.2 billion, up 13%, or $385 million, compared with fourth-quarter 2021, a “fourth-quarter record” driven by a 15% increase in…

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…

Watco Executive Vice President and Chief Commercial Officer Stefan Loeb has been appointed to the Railroad-Shipper Transportation Advisory Council (RSTAC). Also, AITX welcomes Timothy Jones as Plant Manager of AITX…

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…

Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.

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,…

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,…

Karen J. Hedlund has been designated Vice Chairman of the Surface Transportation Board (STB). Also, the League of Railway Women (LRW) named Trinity Industries, Inc. President and CEO Jean Savage…

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…

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’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…

The Federal Railroad Administration (FRA) has released a safety bulletin to remind employees to conduct visual inspections prior to pulling cars.

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

The Federal Railroad Administration (FRA) on Dec. 29 issued a safety advisory to make the rail industry aware “of a recent issue encountered by a train crew that experienced an…