Freight Cars

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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 Matt Elkott.

containers-and-trailers-fuel-modest-overall-midsummer-gains-for-us-carloads
Intermodal shipments sparked U.S. rail traffic for the week ending July 15 as freight totaled 540,005 carloads and intermodal units, up 3.8% compared to the prior-year period. Traffic totaled 262,869 carloads, up 0.3%, while intermodal volume was 277,136 containers and trailers,...
rio-tinto-going-driverless-down-under
Global mining conglomerate Rio Tinto says AutoHaul®—the US$518 million automation of its Western Australia Pilbara iron ore heavy-haul rail network—is progressing well, with about 20% of all train-miles now operating in autonomous mode, albeit with on board locomotive engineers managing...
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...
allowing-market-forces-to-improve-rail-safety
Legislation to improve rail safety through amplified use of the free-market forces of competition and innovation has been introduced in the Senate by Surface Transportation Subcommittee Chairman Deb Fischer (R-Neb.). The Railroad Advancement of Innovation and Leadership with Safety (RAILS) Act,...
european-intermodal-freight-shows-slim-growth-in-2016-17
The International Union for Road-Rail Combined Transport (UIRR) said combined road-rail transport in Europe reported growth in 2016-17 for only the second time since the global financial crisis, albeit only minor growth, with the total number of consignments increasing by...
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...
union-pacific-honors-safe-chem-shippers
Union Pacific Railroad honored 56 companies as safe chemical shippers with its annual Pinnacle Award. The award recognizes customers for implementing release prevention protocols, corrective action plans and having zero non-accident releases (NARs) of regulated hazardous materials shipments. The winners are...

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