Rail car manufacturer Greenbrier posted gains in its second fiscal quarter net income amid revenue increases for its manufacturing, maintenance and leasing business segments.
Rail car manufacturer FreightCar America is eyeing opportunities to manufacture tank cars that would carry nonflammable materials should its competitors be busy manufacturing DOT-117 tank cars.
Trade groups are supporting the reintroduction of a U.S. House bill to spur the industry to produce new rail cars or modernize existing ones through a tax credit.
Reducing costs and shifting supply chain conditions were among the reasons why rail car manufacturer Greenbrier is ceasing production at its longtime Portland, Oregon, facility.
Trinity Rail Group will supply a mix of 15,000 tank and freight railcars to GATX over a span of six years.
Despite economic headwinds, the rail car manufacturing market will find support in the second half of 2022 amid tight rail car supply and improving rail service metrics, FreightCar America executives said on an earnings call.
A bipartisan group of U.S. representatives is supporting a bill that would encourage companies to replace or modernize older freight railcars via a tax credit.
The U.S. railcar lessor doesn’t expect the war in Ukraine to impact company profits, but the conflict is affecting operations in Poland.
The railcar manufacturer sees elevated scrapping levels and higher leasing rates.
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.
High scrapping rates and aging fleets provide support for railcar manufacturing as the company anticipates 2022 financial results that won’t be “obscured by restructuring activities.”
Railcar orders rose more than 50% in the fourth quarter, according to the Railway Supply Institute.
The three companies have partnered to produce a more sustainable gondola car in anticipation of the eventual retirement of the existing fleet.
Although customers may have pulled back from ordering in the third quarter, that pullback is temporary and customers will still need new railcars eventually, FreightCar America executives said during Monday’s third-quarter earnings call.
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.
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 trends.
Elevated steel prices are driving railcar owners to scrap outdated equipment, according to a Greenbrier manager.
Railcar manufacturer Greenbrier’s Q4 orders total over $530 million, plus U.S. weekly rail volumes dip on an intermodal traffic decline.
Railcar manufacturer Greenbrier sees near-term support for new railcars, as well as longer-term support as companies focus on decarbonizing their operations.
Consulting firm FTR expects railcar orders and deliveries to grow as North American railcar utilization increases amid growing volumes and owners seek to scrap less-utilized cars.
Rising rail traffic and lower numbers of railcars in storage should benefit FreightCar America, as should anticipated market demand to replace an aging railcar fleet, executives said during Monday’s first-quarter earnings call.
Freight car and rail parts manufacturer National Steel Car is extending a suspension of operations at its facility Hamilton, Ontario, amid a local order and COVID-19 cases at the facility.
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, according to industry observations.
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 be reflected in higher inquiry activity.
An anticipated increase in North American rail traffic, coupled with FreightCar America’s move of its manufacturing to Mexico, should provide support to the company in 2021, executives said.
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 2021 as prospective customers take a wait-and-see approach to gauging market demand. “Market uncertainty as it relates to COVID-19 remains the predominant story on the economic and rail industry outlook. […]
FreightCar America makes Terry Rogers its permanent CFO, the Association of American Railroads reports weekly U.S. rail volumes rose 0.3% year-over-year, and The Broe Group updates its progress on a Savannah, Georgia-area industrial park.
Railcar manufacturer Greenbrier is forming a joint venture with transportation asset management firm Longwood to lease railcars.
The railcar manufacturer sustained a net loss of $10 million in its fiscal-year first quarter, but it’s eyeing a market recovery in the second half of 2021.
Market conditions hastened the railcar manufacturer’s decision to move all of its railcar production to Mexico, according to company executives during the third-quarter earnings call.
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 manufacturer sees mid-2021 as a possible time frame for a post-coronavirus economic recovery for the rail industry.
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.
“Depressed railcar demand” and the need to cut costs factored into the manufacturer’s decision.
The Freight RAILCAR Act would provide a tax credit incentive for railcar owners to upgrade or replace railcars to more fuel-efficient models.
Although the order volume for new railcars could be “lumpy” industry-wide, the railcar manufacturer hopes to take advantage of increased inquiries.
As U.S. weekly carloads have trended lower for months, rail industry stakeholders discuss how to relieve the railcar supply glut.
Trinity took a $369 million impairment charge because leasing small cube covered hoppers exposed the railcar lessor to the frac sand market.
These factors are dampening lease rates and renewal activity, the company said during its second-quarter earnings call on Tuesday.
Railcar manufacturer Greenbrier trimmed its output and headcount in its fiscal year third quarter in response to the COVID-19 pandemic.
The drop in North American rail traffic could push railcar leasing rates lower.
Diminished railcar demand and COVID-19 headwinds force railcar maker to halt production and trim staff.
Even with a better-than-expected fiscal second quarter, Greenbrier invokes several measures to protect its workers and the “viability of the enterprise.”
FreightCar America’s fourth-quarter results highlight the weakened railcar demand environment.
Wabtec says the $29 million acquisition of RELCO will expand its freight services offerings.
Railcar manufacturer says deliveries fell off from a record sequential quarter.
Jim Blaze writes about the North American railroads KPIs, and what the railroads need to do to increase railcar use, revenue and shipper loyalty.
FreightCar America sees net loss more than double as it navigates the downside of railcar demand. The company’s cost restructuring remains on track.
Trinity Industries Inc. (NASDAQ: TRN) reported third-quarter net income of $49 million and earnings per share (EPS) of $0.39, compared to net income of $27.9 million, and EPS of $0.19 for the same quarter in 2018. The Dallas, Texas-based transportation company had revenues of $813.6 million for the third quarter of 2019, compared with revenues […]
FreightCar America entered a joint venture to build a new manufacturing facility in Mexico as part of its cost improvement initiative.
The railcar manufacturer says the covered hoppers are shorter but enable faster grain discharges.
Trinity Industries announced that Chief Executive Officer and President Timothy R. Wallace plans to retire as soon as a replacement is found.
With rail traffic lower year-over-year and PSR initiatives in full swing, it’s understandable that soft railcar demand attracted attention at an investor conference.
The railcar manufacturer and lessor has been tinkering with its designs for railcars to expand their volume capacity while also making them lighter.
Greenbrier said the acquisition will enable the company to provide customers not only with direct sales or leasing options but also with after-market services. Customers seeking tank cars and covered hoppers will also benefit from Greenbrier’s expanded geographic footprint as a result of the acquisition.
GBX management explains soft guidance and provides outlook for sequential earnings improvement.
