rail equipment

American Industrial Transport completes acquisition of SMBC Rail Services’ assets

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American Industrial Transport (AITX), a full-service rail car lessor with offices in St. Charles,...

https://www.freightwaves.com/news/american-industrial-transport-completes-acquisition-of-smbc-rail-services-assets

FRA’s proposed rule on certifying rail car origins earns kudos from trade groups

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A proposed rule to prevent freight rail cars produced by Chinese entities from being used in the...

https://www.freightwaves.com/news/fras-proposed-rule-on-certifying-rail-car-origins-earns-kudos-from-trade-groups

Genesee & Wyoming touts subsidiary’s new contracts

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Jacksonville, Florida-headquartered Rail Link, a rail car switching subsidiary of short-line...

https://www.freightwaves.com/news/genesee-wyoming-touts-subsidiarys-new-contracts

FreightCar America, Trinity Industries take hit from migrant crossings

Freight traffic disruptions at the U.S.-Mexico border due to high numbers of daily migrant crossings — as well as responses by state and federal officials to those crossings — prompted rail car manufacturer FreightCar America and rail car lessor and manufacturer Trinity Industries to lower their 2023 earnings guidance, executives from both companies said during recent earnings calls.

If the disruptions continue, expect impacts to fourth-quarter results as well, according to Trinity Industries...

https://www.freightwaves.com/news/freightcar-america-trinity-industries-take-hit-from-migrant-crossings

Investment firm acquiring SMBC Rail Services

Acquisitions are continuing apace within the U.S. freight rail industry, with an infrastructure investment firm acquiring SMBC Rail Services and CN taking a stake in Atlanta Canada short-line railroad.

ITE Management affiliate to acquire SMBC Rail Services

An affiliate of ITE Management, a transportation and infrastructure investment firm, plans to acquire SMBC Rail Services, a full-service rail car lessor, the companies announced Tuesday.

As part of the acquisition, SMBC Rail Services’ rail cars...

https://www.freightwaves.com/news/investment-firm-acquiring-smbc-rail-services

Macro uncertainties loom for rail equipment manufacturers 

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How to maintain business amid uncertain macroeconomic conditions was one of the prevalent themes...

https://www.freightwaves.com/news/macro-uncertainties-loom-for-rail-equipment-manufacturers

Greenbrier nets most rail car orders ‘in nearly a decade’

Although U.S. rail volumes have been sluggish in 2023, Greenbrier’s orders for new rail cars have been anything but. The manufacturer received orders for 15,300 rail cars with an aggregate value of $1.9 billion in its fourth fiscal quarter, which ended Aug. 31.

These orders, which spanned a range of rail car types and represented a breadth of customers, yielded Greenbrier’s highest quarterly order count “in nearly a decade,” Greenbrier (NYSE: GBX) said in a Thursday news release. The rail car...

https://www.freightwaves.com/news/greenbrier-nets-most-rail-car-orders-in-nearly-a-decade

Progress Rail wants court to order Wabtec to sell GE Transportation

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Progress Rail wants a federal court to order rail equipment provider Wabtec to divest of General...

https://www.freightwaves.com/news/progress-rail-wants-court-to-order-wabtec-to-sell-ge-transportation

Australia-based infrastructure company acquires US railroad contractor

Sydney-headquartered Martinus is planning has make its first North American acquisition — Missouri-based Bottom Line Co., a railroad contractor that specializes in track construction, bridge construction and maintenance.

Terms of the purchase agreement weren’t disclosed but Martinus — a full-service railroad infrastructure construction company founded in 2005 that builds and maintains railways and intermodal facilities in Australia, New Zealand and Chile — had indicated at the start of this year...

https://www.freightwaves.com/news/australia-based-infrastructure-company-acquires-us-railroad-contractor

Pending rail car retirements, high scrap rates tighten equipment market

Despite lingering macroeconomic uncertainties, rail equipment manufacturers are upbeat about the rest of 2023 and early 2024 based on factors that appear to be supporting the market for rail car leasing and the production of rail cars or rail equipment, according to comments from various company executives during the recent second-quarter earnings season.

Those factors include the anticipated retirement of different types of rail cars and high scrapping rates for rail cars. Inquiries to lease...

https://www.freightwaves.com/news/pending-rail-car-retirements-high-scrap-rates-tighten-equipment-market

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