High Expectations, Hot Market
RAILWAY AGE, MARCH 2025 ISSUE: In terms of freight car types, the North American covered hopper car interchange fleet, at 570,000 units, is the largest. Within the next eight years, approximately 53,000
National Steel Car
CSS Acquires 100 Steel Coil Cars
The Greenbrier Companies and National Steel Car have delivered 100 new purpose-built steel coil railcars (50 units each) to Anacostia Rail Holdings (ARH) subsidiary Chicago South Shore & South Bend Railroad (CSS).
National Steel Car Exonerated in NS Derailment, Investigation Closed (Updated Oct. 18 with additional NTSB Information)
Train consist makeup, not defective wheelsets, caused the March 4, 2023 derailment of a Norfolk Southern train in Springfield, Ohio. The Association of American Railroads (AAR) on April 14 cancelled EI (Equipment
National Steel Car Strike Over
All 1,475 workers at National Steel Car, Hamilton, Ont. who belong to Local 7135 of the United Steelworkers Union (USW) have returned to work following a strike that lasted 41 days. Workers ratified
National Steel Car Workers on Strike
Railcar production at National Steel Car, Hamilton, Ont., has been shut down since June 29 when 1,450 employees belonging to United Steelworkers Local 7135 walked off the job when contract negotiations stalled.
Richardson to Expand Eight Elevators on CPKC Network
Richardson International Limited (Richardson) and Canadian Pacific Kansas City (CPKC) announced June 26 that the agribusiness plans to expand eight CPKC-served elevators in Western Canada, allowing future trains to be moved from
Commentary
Rail Equipment Finance 2023 Key Takeaways
FINANCIAL EDGE, RAILWAY AGE APRIL 2023 ISSUE: In its 37th iteration, Tony Kruglinski’s Rail Equipment Finance Conference (REF) once again took place at the oasis in the desert: The LaQuinta Resort and
Commentary
Counting on Rail Congestion as a Rail Equipment Demand Driver is Not a Sustainable Long-Term Strategy
Our July 12 rail equipment expert call takeaways are consistent with J.B. Hunt Transport’s (JBHT) recent comments on about sub-optimal 2Q22 rail service (below). This solidifies our expectation of an eighth consecutive lease rate improvement for GATX, which reports on July 21. We continue to favor the shares into the print as detailed in our July 7 machinery and transportation OEM preview, “Revisions Into the Print.”
Commentary
Cowen: 2Q22 Shipper Surveys Say …
According to Cowen and Company’s recently conducted second-quarter 2022 Rail Equipment and Rail Shipper Surveys, the outlook for railcar orders is positive, and rail shipping rates will continue to increase. Details follow, plus insights on the Class I railroads, ahead of earnings.
TrinityRail: 1,000 Grain Hoppers for CN
CN reported May 7 it will purchase 1,000 high-capacity hopper cars from TrinityRail, a move that follows 14 consecutive months of record grain hauls as demand continues to grow in Canada and abroad.