Freight Cars

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Greenbrier 1Q: 2018 guidance reaffirmed In reporting results for its first fiscal quarter (Sept. 1-Nov. 30, 2017), The Greenbrier Cos. reaffirmed its Fiscal Year 2018 guidance. The company expects revenue of $2.4 -$2.6 billion and diluted EPS of $4.00, based on deliveries of 20,000-22,000 units.

greenbrier-1q-2018-guidance-reaffirmed
In reporting results for its first fiscal quarter (Sept. 1-Nov. 30, 2017), The Greenbrier Cos. reaffirmed its Fiscal Year 2018 guidance. The company expects revenue of $2.4 -$2.6 billion and diluted EPS of $4.00, based on deliveries of 20,000-22,000 units. Net...
600-plus-so-far-headed-to-mars
More than 600 people have registered for the 250th meeting of the Midwest Association of Rail Shippers (MARS) that will be held January 16–18, 2018 in Lombard, Ill. The theme for the meeting is “Can Rail Pick Up Transportation Capacity...
loco-connection-stucki-acquires-magnus
Stone Canyon Industries, LLC announced the acquisition through its subsidiary, A. Stucki Company, of Magnus, LLC, a global supplier of bronze traction motor support bearings to the locomotive aftermarket. Stucki, based in Moon Township, Pa., is a global manufacturer and supplier...
ontario-northland-through-timber-to-tidewater
Some Railway Age readers will be surprised to learn that GO Transit, launched in 1967, was not the first venture of the Province of Ontario into the railway business; that event actually occurred some 60 years earlier. The honor actually...
ok-gets-federal-nod-for-freight-plan
Calling freight movement “vitally important” to Oklahoma’s and the nation’s economy, the Oklahoma Department of Transportation said it received federal approval for its five-year Freight Transportation Plan, to accommodate expected increases in the 800 million tons of freight valued at...

short-line-tax-credit-added-to-reform-bill
President Trump isn’t expected to sign tax reform legislation into law until 2018, but the bill already will assure short line railroads of a happy New Year. Just hours after the House of Representatives completed voting on the bill Wednesday, Sens....
schumer-a-thorn-in-thune’s-side—again
On. Dec. 21, U.S. Sen. John Thune (R-S.Dak.), Chairman of the Senate Committee on Commerce, Science, and Transportation, took to the Senate floor to voice his support and call on his colleagues for unanimous consent to confirm the nomination of...
trinity-forming-new-infrastructure-company
Railcar builder Trinity Industries announced it would sell its infrastructure-related business to shareholders as part of a strategy for future growth, and spend $500 million to buy back shares. The spin-off, which was approved by Dallas-based Trinity’s Board of Directors, creates...
labor-agrees-to-rail-freight-contract
Major U.S. freight railroads have reached a tentative contract agreement with the second of three coalitions representing unionized employees. The National Railway Labor Conference representing employers announced that it had reached agreement with Brotherhood Railway Carmen (BRC), the International Association of...
united-industries-fined-for-unneeded-repairs
A unit of Progress Rail Services has agreed to pay a criminal fine of $5 million after it admitted to performing unnecessary repairs on railcars, dumping brake shoes and other parts into the ocean to conceal evidence. United Industries LLC, part...

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