railcar manufacturing
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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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News
FreightCar America closing Alabama facility, consolidating operations to Mexico
“Depressed railcar demand” and the need to cut costs factored into the manufacturer’s decision.
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News
Bipartisan legislators unveil bill aimed at helping railcar manufacturers
The Freight RAILCAR Act would provide a tax credit incentive for railcar owners to upgrade or replace railcars to more fuel-efficient models.
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Company earnings
FreightCar America sees ‘pockets of opportunity’
Although the order volume for new railcars could be “lumpy” industry-wide, the railcar manufacturer hopes to take advantage of increased inquiries.
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News
Rail stakeholders consider pressing for tax subsidies to scrap railcars
As U.S. weekly carloads have trended lower for months, rail industry stakeholders discuss how to relieve the railcar supply glut.
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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
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
Idled production, layoffs continue at Greenbrier
Diminished railcar demand and COVID-19 headwinds force railcar maker to halt production and trim staff.
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