According to Cowen and Company’s recently conducted fourth-quarter 2022 Rail Equipment and Rail Shipper surveys, the demand for railcars remains strong, and rail-shipping pricing expectations ticked up sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.
Karen J. Hedlund has been designated Vice Chairman of the Surface Transportation Board (STB). Also, the League of Railway Women (LRW) named Trinity Industries, Inc. President and CEO Jean Savage 2022 Railway Woman of the Year; and the Intermodal Association of North America (IANA) has installed its 2023 Board of Directors and Officers.
Trinity Industries, Inc., on Jan. 6 reported the acquisition of Holden America, a Montreal, Quebec-based producer of multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail, to support its autorack manufacturing business.
A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.
Topping the list of reasons to attend Railway Age’s inaugural Rail Insights: Women in Rail Conference are headliners Tracy Robinson, President and CEO of CN; Katie Farmer, President and CEO of BNSF; Jenny Bush, President of Cummins Power Systems Business; and Jean Savage, CEO and President of Trinity Industries, Inc. Need more reasons to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET.? Here are five.
Railway Age’s inaugural Rail Insights: Women in Rail Conference will feature Merritt Canfield of Meritus Executive Search Excellence and Laurie Dornan of The Greenbrier Companies, discussing how the railroad and supply sectors find and attract top female talent. Hearing from leading industry women like Canfield and Dornan is just one reason to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET. Need more reasons? Here are five.
![“Despite a volatile macro environment, we continue to identify attractive long-term growth opportunities in our markets in addition to the signing of a new railcar supply agreement in North America [with Trinity Industries],” GATX Corporation President and CEO Robert C. Lyons said on Oct. 25.](https://www.old.railwayage.com/wp-content/uploads/2022/10/GATX3-1-1-315x168.png)
“Demand for railcars remains strong across our global fleets,” GATX Corporation President and CEO Robert C. Lyons said during a third-quarter 2022 financial report on Oct. 25. “Fleet utilization at Rail North America remains high at 99.6% and our renewal success rate was 87.2% during the quarter.”
Trinity Industries on Oct. 25 reported third-quarter 2022 GAAP and adjusted earnings that “show progress and improvement in our business,” according to President and CEO Jean Savage. “We continue to believe we will perform well in the coming years given our robust backlog and the favorable re-pricing environment for lease rates.”
Railway Age’s inaugural Rail Insights: Women in Rail Conference will feature Beth Whited, Union Pacific’s Executive Vice President–Sustainability and Strategy. Hearing from leading industry women like Whited, who will cover lessons learned from the Class I railroad C-Suite, is just one reason to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET. Need more reasons? Here are five.
Trinity Industries on Oct. 3 reported that it will supply a mix of 15,000 newly built tank and freight railcars to GATX through 2028, with GATX having an option to order up to 500 more railcars per year from 2023 to 2028.