Freight Cars

RAILWAY AGE AUGUST 2022 ISSUE: Artificial Intelligence, supported by continuous communications, is rapidly turning “fix it before it fails” into the industry’s mantra.

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…

London, U.K.-based but Russian-owned Evraz Plc, one of the largest suppliers to North American railroads of rail steel and wheels, is looking to depart North America, including ending its ownership…

Howard Edward Tonn, who spent a long and distinguished career in the railway supply industry, has died. Son Matthew Tonn, Chief Commercial Officer at FreightCar America, wrote this tribute to…

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.

Since 2018, the Canadian government, through changes in Section 151.01(1) of Canada Transportation Act, has required Canada’s railroads to publish grain movement plans for the forthcoming crop year. Grain is crucial…

Wabtec Corp. delivered “strong” second-quarter 2022 financial results, with year-over-year growth in total sales (up 1.8%, carried by the Freight segment) and backlog (up 7.9%), despite “rising costs, continued supply…

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

Since 2018, the Canadian government, through changes in the Canadian Transportation Modernization Act, has required Canada’s railroads to publish Grain Plans for the forthcoming crop year. Grain is crucial to…

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…

Transport Canada on July 25 announced new measures to improve rail safety. They address recommendations that the Transportation Safety Board of Canada (TSB) released following Canadian Pacific’s (CP) Feb. 4,…

“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,…

The Railway Supply Institute (RSI) has appointed Sheena Prevette Director of Regulatory and Industry Affairs. Also, Tim Hort is the new Director of Labor Relations for Transdev, a rail and…

The Orange County Transportation Authority (OCTA) names Johnny Dunning Jr. Chief Operating Officer (COO). Also, Matt Mahoney is promoted to Director of Business for Marmon’s Rail & Leasing Group. OCTA…

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.…