railcar leasing
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Rail
GATX CEO Kenney retiring in April; EVP to succeed him
GATX President and CEO Brian Kenney is retiring, and EVP Bob Lyons will succeed him.
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Rail
Trinity Industries, GATX anticipate market growth to be ‘nonlinear’
Although macroeconomic factors and lower train speeds support railcar leasing, the growth trend might be choppy as the COVID-19 pandemic and supply chain disruptions still…
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Rail
How railcar order backlogs reflect market dynamics
Railcar order backlogs can help the freight rail industry understand where the railcar market is in the supply-and-demand cycle, according to this AskWaves article.
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Rail
Why is the number of railcars in storage important?
AskWaves answers why rail industry observers like to keep track of the number of railcars in storage. Hint: It has to do with broader economic…
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Rail
Railcar lessors and rail manufacturers eye recovering market in 2021
A market recovery is underway for railcar lessors and equipment manufacturers, but the market also has a ways to go before it bounces back completely,…
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Rail
Greenbrier optimistic for back-half recovery
Railcar manufacturer Greenbrier expects economic conditions and the rail market to improve in the second half of the year and that optimism is starting to…
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Rail
Trinity Industries eyes better market conditions in second half of 2021
Although market conditions are improving for Trinity Industries (NYSE: TRN), the railcar lessor and rail equipment manufacturer anticipates persistent headwinds through the first half of…
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Rail
Greenbrier forges railcar leasing joint venture with Longwood
Railcar manufacturer Greenbrier is forming a joint venture with transportation asset management firm Longwood to lease railcars.
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Rail
GATX third-quarter net profit increases on international businesses
Revenue growth in the railcar lessor’s international segment and in its portfolio management program affiliated with Rolls-Royce helped offset losses for its North American segment.
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Rail
Frac sand losses hit Trinity’s bottom line
Trinity took a $369 million impairment charge because leasing small cube covered hoppers exposed the railcar lessor to the frac sand market.
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