News

A flat-bed rail car originating from Fort Cavazos drew national media attention this week, and not for the massive M1A2 Abrams main battle tank perched atop it. The Washington Post and USA Today ...
Ted Baun Most recently, Baun served as CCO for PNW Railcars, overseeing its tank and freight railcar fleet, and directing efforts to maximize new railcar leases and renewals. Prior to that ...
The video explores how each railcar serves a distinct purpose, whether moving cars, containers, steel coils, or even power plant equipment. It also delves into maintenance and non-revenue cars ...
Wells Fargo has decided to exit its industry-leading position in the rail equipment leasing market, agreeing to sell its portfolio of railcars to a new joint venture for $4.4 billion. The joint ...
It expanded further in 2016 by acquiring GE Railcar Services, and it renamed its business Wells Fargo Rail. GATX's Lyons described Wells as "a very experienced, sophisticated lessor with a ...
“As a founding member, TrinityRail has joined other leading companies in the rail industry to pursue a neutral, open-architecture, industry-wide railcar telematics infrastructure. Through RailPulse, ...
Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield Infrastructure Partners and GATX Corp. as the bank continues to refocus on its ...
If GATX achieves full ownership, it would control approximately 25% of the lessor market and 14% of the total railcar market. With a current market capitalization of $5.68 billion and impressive ...
“KAI Commuter has brought in a total of 8 new commuter trains. Each consists of 12 railcar carriages, making a total of 96 carriages,” Leza said in his statement on Friday, as quoted by kompas.co ...
It sagged so far that power-receiving equipment mounted atop a westbound railcar snagged the drooping, non-electric cable. That train-top piece, called a pantograph, tumbled to the ground just ...