railcar lessor

American Industrial Transport completes acquisition of SMBC Rail Services’ assets

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

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

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 

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-13’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-13’); });

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

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

Ohio presses Biden for disaster relief for East Palestine

The state of Ohio is asking President Joe Biden to declare East Palestine the site of a major disaster or emergency because of uncertainty over how the health of area residents will be impacted in the future.

A Norfolk Southern train derailed in East Palestine on Feb. 3. Several days following the derailment, NS and state and local officials decided to vent a tank car carrying vinyl chloride over concern that the car was in danger of exploding.

Ohio’s request comes as NS (NYSE: NSC) has filed a...

https://www.freightwaves.com/news/ohio-presses-biden-for-disaster-relief-for-east-palestine

Trinity Industries says improved rail service would benefit railcar lessors

A tank car parked at a rail yard.

Executives with railcar lessor and manufacturer Trinity Industries were upbeat about the second half of 2022 despite lingering rail service issues and the Class I railroads’ challenge of hiring more employees to improve network capacity.

“We’re hearing from our shipper customers that there are more originations available than  industry data would suggest,” Trinity President and CEO Jean Savage told investors during Trinity’s second-quarter 2022 earnings call earlier this week. “The railroads...

https://www.freightwaves.com/news/trinity-industries-says-improved-rail-service-would-benefit-railcar-lessors

Tight railcar market benefits lessors like GATX, executives say

A photograph of tank cars parked at a rail yard.

Rail volume growth in 2023 could still benefit railcar manufacturers and lessors because of the pent-up demand for rail service, GATX executives said during an earnings call to discuss second-quarter 2022 financial results. 

“We really feel like there is a lot of freight on the sidelines right now that wants to go by rail, and we feel that ultimately railroad service is holding that back,” Paul Titterton, president of GATX Rail North America, said Thursday. “So, in past situations where we had...

https://www.freightwaves.com/news/tight-railcar-market-benefits-lessors-like-gatx-executives-say

Rising steel costs, Ukraine conflict shape GATX’s view of 2022

A photograph of a GATX tank car next to other tank cars in a rail yard,

The conflict between Ukraine and Russia isn’t likely to affect the North American business of railcar lessor GATX, although the company’s European arm is seeing some operational impact, executives said during GATX’s first-quarter earnings call on Wednesday.

While GATX’s profit from its international segment is unlikely to be affected, the company is exposed operationally. GATX (NYSE: GATX) is the leading railcar lessor in Poland, according to CFO Thomas Ellman. It also has a large railcar...

https://www.freightwaves.com/news/rising-steel-costs-ukraine-conflict-shape-gatxs-view-of-2022

GSCW chat: How the rails might benefit from growing industrial production

FIRESIDE CHAT TOPIC: What rail and truckload data reveal about industrial supply chains.

DETAILS: Industrial production is forecast to grow in the coming years, which will likely lead to higher rail carload volume. It could also lead to congestion and equipment availability issues. In this fireside chat, Harris Ligon, CEO and co-founder of a stealth transportation technology startup, and Mike Baudendistel, a FreightWaves market expert, discuss the outlook for industrial freight on the rails...

https://www.freightwaves.com/news/gscw-chat-how-the-rails-might-benefit-from-growing-industrial-production

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.