railcar lessors

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

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

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

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

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

Trinity Industries sees supportive market for railcar lessors

Like its peers, railcar lessor Trinity Industries expects improving macroeconomic conditions to support the company in 2022. Anticipated higher rail volumes for agricultural products, chemicals and construction materials may support demand for boxcars, gondolas and covered hoppers, Trinity President and CEO Jean Savage told investors during the company’s fourth-quarter 2021 earnings call Thursday.

“Considering both the supportive industry environment and our internal business optimization work,...

https://www.freightwaves.com/news/trinity-industries-sees-supportive-market-for-railcar-lessors

Trinity Industries, GATX anticipate market growth to be ‘nonlinear’

A photograph of a train hauling a variety of railcars.

Railcar lessors Trinity Industries and GATX recenyl reported their third-quarter 2021 financial results:

Trinity eyes ‘stronger underlying leasing dynamics’

Although higher railcar loadings and increased levels of rail traffic are boosting demand for leasing railcars, Trinity Industries expects market growth for railcar leasing to be choppy as supply chain disruptions continue to be a headwind.

“We believe stronger underlying leasing dynamics and higher car pricing should continue to positively...

https://www.freightwaves.com/news/trinity-industries-gatx-anticipate-market-growth-to-be-nonlinear

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