railcar leasing
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Company earnings
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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Company earnings
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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Rail
Pandemic, economy and market oversupply weigh on GATX’s 2020 view
These factors are dampening lease rates and renewal activity, the company said during its second-quarter earnings call on Tuesday.
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Rail
Greenbrier scales down and loses weight
Railcar manufacturer Greenbrier trimmed its output and headcount in its fiscal year third quarter in response to the COVID-19 pandemic.
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Company earnings
GATX open to acquiring more railcars
The railcar lessor is looking for further add-ons to its fleet as competitors face pressure from the COVID-19 pandemic and the volatile crude oil market.
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Company earnings
Headwinds put pressure on Trinity’s leasing rates
The drop in North American rail traffic could push railcar leasing rates lower.
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News
Railcar depression evident in FreightCar America’s 4Q results
FreightCar America’s fourth-quarter results highlight the weakened railcar demand environment.
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News
Jet engines bolster earnings at railcar lessor GATX
Spare aircraft engine dispositions stave off weakened demand for railcars in North America.
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News
Trinity Industries names new chief executive officer
The rail equipment manufacturer and lessor has tapped a Caterpillar executive and Trinity board member to head the company.
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News
US rail traffic falls again
The volume drop has created ripple effects, including some lower railcar leasing rates.
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