Orders for new railcars in 2025’s third quarter amounted to 3,071. We’re not facing a financial crisis, or a COVID lockdown, but orders are behaving as though we’re in a crisis. This
Two years ago, I released an article cautioning the freight rail industry to expect higher railcar prices and lease rates. At the following Rail Equipment Finance conference, the article was met with
During a 2013 GATX earnings call, then-CEO Brian Kenney was asked a question about the staggering number of new railcar orders being placed in response to the crude-by-rail/fracking boom. His response was
Almost 10 years ago, CRRC (China Railway Rolling Stock Company), the world’s largest rail rolling stock and railcar components company, a Chinese Communist Party SOE (State-Owned Enterprise), set forth a grand strategy
The bearing related derailment that occurred in East Palestine Feb. 3, 2023 on a Norfolk Southern line was tragic in many ways. Following months of investigation, the NTSB held a hearing on
RAILWAY AGE, DECEMBER 2023 ISSUE: A railcar and lease rate outlook for 2024 and beyond.
RAILWAY AGE, SEPTEMBER 2023 ISSUE: The California Air Resources Board (CARB) fired a shot across the freight rail industry’s bow to accelerate the drive to lower locomotive emissions to zero by 2035.
My article highlighting China’s strategy to dominate global rail supply and its desire to conquer the North American rail supply market, posted on June 2, 2021, received a lot of attention. This
On March 3, 2023 the U.S. International Trade Commission (USITC) determined that Chinese coupler producers were unfairly selling couplers into the North American market and imposed a duty of 265.99%. On May
“AEI (Automatic Equipment Identification) technology is 40 years old and tells us where our shipment was. What we need is a technology that tells us where our shipment is, and a more
