A report commissioned by railway supply manufacturers suggests that direct and indirect contributions by the industry to U.S. GDP exceeded $75 billion in 2020.
TrinityRail will permanently close a plant in Vidor, Texas, laying off 59 workers by April 30.
Wabtec shares its “30 by 30” strategy for combating climate change. Greenbrier plans to track its emissions and energy intensity in 2021.
The international market for freight rail services and equipment is pulling ahead of the North American market, but that should catch up eventually, Wabtec said during its third-quarter earnings call.
The railcar lessor has developed a new strategy that will focus on providing rail-related services and products as part of a broader effort to boost its profitability.
Gregg Mitchell promoted to new role after serving as chairman for Trinity’s highway products and logistics group.
The rail equipment and technology manufacturer sees international opportunities as an area for business to grow.
The rail equipment manufacturer said it delivered record railcar deliveries in the quarter.
The rail equipment manufacturer sees high utilization rate but says economy faces uncertainty.
Railcar manufacturer Greenbrier will invest $16 million in an American Railcar Industries facility that produces tank cars.
Train products manufacturer and supplier Wabtec lowered its sales guidance for 2019 but kept its projections for how much profit it expects to make from its operations.
Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.
The Greenbrier Companies (NYSE: GBX) is planning to buy the manufacturing arm of American Railcar Industries as a way to increase its North American presence.
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