railcar leasing Tagged Articles

Rail

A photograph of two parked tank cars inside a building.

Joanna MarshWednesday, April 7, 2021

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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…

Rail

Joanna MarshWednesday, February 24, 2021

328

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…

Rail

A photograph of a worker melding equipment. Sparks of fire are coming from the equipment.

Joanna MarshFriday, February 5, 2021

376

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.

Rail

Joanna MarshWednesday, October 21, 2020

222

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.

Rail

A photograph of a row or Trinity-manufactured tank cars.

Joanna MarshFriday, July 24, 2020

1,040

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.

Rail

A photograph of a train consisting of tank cars imprinted with GATX's name.

Joanna MarshTuesday, July 21, 2020

307

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.

Rail

Joanna MarshMonday, July 13, 2020

450

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.

Rail

Joanna MarshMonday, May 4, 2020

705

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.

Rail