Railway Supply Institute

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

Trade groups, unions differ in responses to NTSB report on NS derailment

Responding to the preliminary report and comments from the National Transportation Safety Board (NTSB) about the Feb. 3 derailment of a Norfolk Southern train near East Palestine, Ohio, rail trade groups and unions agreed it’s important not to spread misinformation.

However, there appear to be differences over what the next steps should be, particularly as it pertains to the pace of potential reforms. Statements by the parties illustrate how the discussion surrounding rail safety could shape up...

https://www.freightwaves.com/news/trade-groups-unions-differ-in-responses-to-ntsb-report-on-ns-derailment

Trade groups applaud House bill that encourages rail car scrapping

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The trade associations for rail equipment and component manufacturers are rallying behind a U.S....

https://www.freightwaves.com/news/trade-groups-applaud-house-bill-that-encourages-rail-car-scrapping

Report: Rail supply industry contributed $75B to US economy in 2020

An economic study commissioned by three rail supply trade groups has determined that the U.S. rail supply industry’s impact to the nation’s GDP exceeded $75 billion in 2020.

The report, sponsored by the Railway Supply Institute, the Railway Engineering-Maintenance Suppliers Association and the Railway Tie Association, suggests that the industry’s contributions come from more than $15 billion in tax contributions at the federal, state and local levels, as well as employment impacts of more than...

https://www.freightwaves.com/news/report-rail-supply-industry-contributed-75b-to-us-economy-in-2020

Rail Roundup: Green initiatives, Windy City rehab

A locomotive hauls railcars down the railroad track.Union Pacific, Shell sign agreement on green initiatives

Union Pacific and energy producer Shell have signed a memorandum of understanding that could help both companies reduce greenhouse gas emissions and eventually reach a 2050 goal of net-zero emissions.

UP (NYSE: UNP) also says it is seeking to reduce GHG emissions by 26% by 2030. 

The areas that the two companies plan to work together on include:

  • Increasing biofuel blends and renewable fuel blends in locomotives.
  • Examining renewable energy...

https://www.freightwaves.com/news/rail-roundup-green-initiatives-windy-city-rehab

Congressional leaders push for tax credit for scrapping older railcars

Boxcars whizzing by a blocked rail crossing.

A bipartisan group of congressional leaders is trying once again to push through legislation to provide a tax credit for companies seeking to replace or modernize “inefficient, outdated” freight railcars.

Reps. Bradley Scott Schneider, D-Ill.,and Darin LaHood, R-Ill., introduced the bill, H.R. 7902, the Freight Railcar Act, last Friday. 

It has 29 co-sponsors, all of whom have previously signed on to a similar bill in past legislative sessions.

An iteration of this bill was first introduced in the...

https://www.freightwaves.com/news/congressional-leaders-push-for-tax-credit-for-scrapping-older-railcars

North American rail equipment makers keep close watch on Ukraine-Russia

A photograph of a tank car.

The North American railcar and rail equipment manufacturing industry is keeping its eye on what’s happening in Ukraine and Russia since many companies deal with customers or have facilities in or near the region.

“Historically the railway supply industry has been concentrated in North America, however, many equipment manufacturers have been feeling the effects of broader supply chain challenges that predated this crisis,” said John Hebert, spokesman for the Railway Supply Institute. “We are...

https://www.freightwaves.com/news/north-american-rail-equipment-makers-keep-close-watch-on-ukraine-russia

North American Q4 freight railcar orders up sharply amid improving market

Fourth-quarter 2021 freight railcar orders grew by more than 50% from the third quarter, potentially reflecting a favorable market for U.S. railcar manufacturers. 

North American freight railcar orders rose to 13,477 railcars in the fourth quarter of 2021, compared with third-quarter 2021 orders of 8,607 railcars and fourth-quarter 2020 orders of 3,397 railcars, according to the Railway Supply Institute’s (RSI) American Railway Car Institute Committee. RSI compiles the data from North American...

https://www.freightwaves.com/news/north-american-q4-freight-railcar-orders-up-sharply-amid-improving-market

Rail Roundup: RSI names new president, surveys tout public support for rail

A photograph of railcars parked in a rail yard. There is a city skyline in the distance.Railway Supply Institute names new president

Railway Supply Institute (RSI) has named Patty Long as its president, effective Nov. 29. RSI is a trade association representing railway suppliers. Its 160-plus members support the North American freight and passenger railroads.

Long has over 25 years of executive experience, and she most recently served as interim CEO and chief operating officer at the Plastics Industry Association. Other roles have included vice president of policy research and...

https://www.freightwaves.com/news/rail-roundup-rsi-names-new-president-surveys-tout-public-support-for-rail

Railcar lessors and rail manufacturers eye recovering market in 2021

A photograph of hopper cars on a train track.

The market for freight railcars is showing signs of improvement but data for railcar orders, deliveries and backlogs still reflects current market softness.

Railcar orders rose by 80% to 6,227 railcars in the first quarter of 2021 from the fourth quarter of 2020, although orders are still below pre-pandemic levels, according to the Railway Supply Institute (RSI). 

In comparison to Q1 orders, the quarterly average for 2019 was about 9,300 railcars, RSI said. RSI’s American Railcar Institute...

https://www.freightwaves.com/news/railcar-lessors-and-rail-manufacturers-eye-recovering-market-in-2021

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