Wabtec Earnings Fall on Slumping Freight Market
Wabtec Corp., a manufacturer of products for the freight and passenger rail markets, reported Feb. 21 a sharp decline in profits during the previous quarter and year as major freight rail carriers hit a slump.
February 21, 2017Trailer Orders End 2016 on Strong Note, Climbing Above 34,000
Net trailer orders in December were the second-highest of the year, and improved year-over-year as well, but 2016 remained significantly weaker than 2015, ACT Research said.
January 23, 2017Great Western Acquires Quality Trailer Sales
Great Western Leasing and Sales acquired Quality Trailer Sales, expanding its network into the southwest U.S., and adding Heil Trailer to its product line, the company said.
January 20, 2017Railroads Report Better Fourth Quarter, But Shakeup Could Alter Industry in 2017
The fourth quarter marked a turnaround for the railroad companies from the lackluster year, according to earnings released last week, but a potentially major shakeup could result in an interesting 2017 for the industry.
January 19, 2017November Trailer Orders Down 8%; Still Strongest Month of 2016
U.S. trailer orders in November were more than 36,000 and, while the strongest month of the year, they fell just short of the year-earlier volume, analysts said.
January 2, 2017Illinois Department of Transportation Seeks $160 Million to 'Untangle' Freight Rail Congestion
The Illinois Department of Transportation is applying for a $160 million federal grant to help pay for a project that aims to clear up rail congestion around 75th Street in Chicago, cutting delays for Metra, Amtrak and freight railroads.
December 16, 2016Trailer Orders Top 21,000
U.S. trailer orders climbed above 21,000 in October for the second-highest total of the year, as analysts said the cycle is stabilizing after the tremendous surge in orders during the previous two years.
November 28, 2016Shippers Spur Competition Between Trucks, Railroads
Shippers of bulk freight expect prices to rise on railroads next year, but they could have greater control in contract negotiations because of competition from trucking with intermodal rail, according to a Nov. 16 report from RBC Capital Markets.
November 28, 2016Freight Rail Poised for Manufacturing Boom, Norfolk Southern Exec Says
INDIANAPOLIS — A top rail executive sees America’s growing energy independence fueling a manufacturing boom that in coming years will increase freight rail traffic, especially in centrally located states such as Indiana.
November 17, 2016Proposed Chicago Bypass Freight Railroad Could Have Capacity for 110 Trains a Day
A Great Lakes Basin Railroad forecast shows as many as 60 trains riding its rails daily through southern Lake and Porter counties in Indiana by its third year of operations, with that number declining to the low 50s and finally to 22 at the railroad's eastern terminus in LaPorte County.
November 16, 2016