FreightCar America sees opportunity in continued high scrapping levels in 2022
The railcar manufacturer sees elevated scrapping levels and higher leasing rates.
The railcar manufacturer sees elevated scrapping levels and higher leasing rates.
Despite a 3% decrease in overall volumes, BNSF’s net income was $1.7 billion for the fourth quarter of 2021.
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.
Adjusted earnings per diluted share increases 20.4% to $1.18.
A Mexican government crackdown has shifted volumes of refined products to truck instead of rail. But KCS hopes for that traffic to return to rail, according to executives.
Any concessions that CP would consider as it seeks federal approval to merge with Kansas City Southern must be “reasonable” and grounded in supporting competition, CP said during its fourth-quarter 2021 earnings call late Thursday.
NS plans to roll out an operations program that will progress beyond precision scheduled railroading, according to executives speaking on NS’ fourth-quarter 2021 earnings call.
Canadian railway CN eyes volume growth from vaccine mandates and grain, and it expects higher volumes in the second half of 2022.
The railcar leasing market for 2022 feels more solid than past years, executives said Tuesday during GATX’s fourth-quarter 2021 earnings call.
CSX has been hiring more aggressively not only to meet anticipated market demand but to safeguard against COVID-19-related absences, according to executives on its fourth-quarter 2021 earnings call Thursday.
UP’s capital expenditures plan for 2022 includes investments to intermodal terminals and intermodal ramps, executives said during the company’s fourth-quarter 2021 earnings call Thursday.
Current Chief Operating Officer Lorie Tekorius will be railcar manufacturer Greenbrier’s next CEO in March 2022. Tekorius and others discussed 2022 market headwinds during Greenbrier’s quarterly earnings call on Tuesday.