Railcar manufacturers expressed five themes in recent earnings calls. Their consensus: There is still much to be upbeat about.
Trinity Rail Group will supply a mix of 15,000 tank and freight railcars to GATX over a span of six years.
Shippers want to move more goods via rail, and they will do so once rail service improves. This will ultimately benefit lessors like Trinity Industries, CEO Jean Savage told investors on a recent earnings call.
Pent-up demand for railcars will support GATX even as rail service clears up.
The U.S. railcar lessor doesn’t expect the war in Ukraine to impact company profits, but the conflict is affecting operations in Poland.
North American rail equipment manufacturers have customers and offices in the region, and they’re assessing what steps to take next as the situation unfolds.
FreightWaves market expert Mike Baudendistel chats with Harris Ligon, co-founder and CEO of a stealth startup, about how recent growth trends for industrial production in North America will affect rail volumes and equipment availability.
Railcar leasing could be on the upswing for a number of car types, executives for railcar lessor Trinity Industries said during the company’s fourth-quarter 2021 earnings call on Thursday.
Railcar orders rose more than 50% in the fourth quarter, according to the Railway Supply Institute.
The railcar leasing market for 2022 feels more solid than past years, executives said Tuesday during GATX’s fourth-quarter 2021 earnings call.
