Finance / Leasing

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Financial Edge: Foresight, hindsight at Rail Insights At Railway Age’s 2017 Rail Insights conference, attendees were treated to updates on a variety of current industry topics, such as the current status of Amtrak’s replacement of the Acela Express train, and a “what’s next” panel on the state of growth in North American rail freight (intermodal or bust?).

new-railcar-acquisitions-a-“yes”-or-“maybe”-cowen-survey
Based on responses to Cowen and Company’s Second Quarter 2017 Rail Equipment Survey, the percentage of shippers who will or may order railcars is flat compared to 1Q2017, “but the conviction level about ordering rose meaningfully,” says analyst Matt Elkott. “On...
aar-certifies-vertex-for-tank-car-construction
Vertex Railcar Corp. is now officially certified to manufacture and supply tank cars to the North American market. The company, based in Wilmington, N.C., received the Association of American Railroads’ M-1002 Initial Certification in early July. The certification covers new, general service...
financial-edge-foresight-hindsight-at-rail-insights
At Railway Age’s 2017 Rail Insights conference, attendees were treated to updates on a variety of current industry topics, such as the current status of Amtrak’s replacement of the Acela Express train, and a “what’s next” panel on the state...
rising-railcar-demand-prompts-aggressive-pricing-matt-elkott
Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst...
greenbrier-q3-orders-rise-but-earnings-off-on-weaker-new-car-deliveries
Railcar builder Greenbrier Cos. reported weaker revenue and earnings in the fiscal third quarter from a year ago amid “challenging” markets that are expected to continue into 2018. The company, based in Lake Oswego, Ore., said earnings for the quarter ended...

vip-selects-railcarrx-for-repair-billing
Vidal Street Industrial Park Inc (VIP) announced the implementation of RailcarRx’s Repair Management System (RailcarRx RMS™), a cloud-based solution to manage their Car Repair Billing process and shop operation. A storage, repair and transloading facility located in Sarnia, Ontario, the system...
car-builder-vertex-launches-updated-website
Vertex Railcar Corp. has officially launched its updated website, at www.vertexrail.com. The site adds additional features including a category of specialty cars, videos of special unload designs, and new pictures. The site launch complements the new 500,000-square-foot manufacturing facility on 68 acres...
siemens-marks-500th-vectron-order
European Locomotive Leasing, a provider of full-service leasing of electric locomotives, has ordered an additional eight Vectron locomotives from Siemens. The units will in turn be leased to Czech railway České Dráhy for passenger service on the Prague-Berlin route, Siemens said. The...
vtg-rail-acquires-redwood-rail-fleet
VTG Rail Inc., the U.S. subsidiary of VTG AG, has acquired the fleet of U.S. railcar leasing company Redwood Rail LLC. The transaction, which adds 1,135 railcars to VTG’s fleet, enlarging it to about 5,200 units, includes the leases associated...
siemens-acquires-mrx-technologies
Siemens has acquired MRX Technologies Group, headquartered in Perth, Australia, a provider of condition monitoring for rolling stock and rail Infrastructure, and inspection systems for rail networks. MRX will operate in the Mobility Division as an independent affiliate of Siemens AG,...

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