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.
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.
Pent-up demand for railcars will support GATX even as rail service clears up.
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.
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.”
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Elevated steel prices are driving railcar owners to scrap outdated equipment, according to a Greenbrier manager.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.
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.
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.
Acquisitions and record Canadian grain loadings round out rail news
The railcar manufacturer sees mid-2021 as a possible time frame for a post-coronavirus economic recovery for the rail industry.
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.
