GLG News by Rail Car Leasing Experts

For 41 weeks, the AAR has reported that the weekly railroad carload totals were less than they were in the same week one year ago, and for most of that time, that railroad ton miles were less than the same week in 2006. The story actually began on January 12thof this year when the weekly totals turned...

The railcar builders association, the ARCI, reported that in the third quarter, only 8,121 new railcars were ordered, bringing the total orders for the year to roughly 31,000 cars. Moreover, deliveries decreased to 15,032, bringing the year to date total to 48,296. At Rail Theory Forecasts, we had predicted...

Greenbrier’s surprise announcement that it will build new tank cars in the future for GE Rail Services was a bold and badly needed development for that railcar builder, but don’t anticipate much profit growth in the near future from this new venture. Demand for Greenbrier’s main car types, double-stack...

For most of this year, the week to week comparisons of carload and intermodal traffic in 2006 have been negative; but for the week ending September 27, 2007, the number of carloads reported was slightly higher than those reported for the same period in 2006. While the weekly comparisons have varied...

A Senate bill involving railroad regulatory matters, S.772 introduced on March 6, 2007, was recently approved by the Judiciary Committee and sent to the full Senate for consideration. Ostensibly, the bill would give other government agencies some regulatory control over railroad mergers, which would...

The new intermodal terminal on Canada’s West Coast will begin operation this fall, and CN hopes that traffic will be diverted from other West Coast ports to its less congested facility and rail lines. It sounds good in theory, but there are several other West Coast ports with good highway and rail connections...

CP Rail announced that they will purchase the DM&E railroad for $1.5 billion, plus an additional $1.0 billion in the future if an extension is completed into the Powder River Basin coal area by 2025. The DM&E is a conglomerate of a number of bankrupt and abandoned rail lines that was assembled...

BNSF recently thanked the trucking companies and their drivers for diverting trailer and container traffic from their highway corridors across the West to BNSF rail lines. This partnership between BNSF and the trucking industry began in 1989 with an agreement between J. B. Hunt, a Midwest Trucking company,...

A recent Bank of America survey of railroad shippers revealed that 66% of them were contemplating diverting some of their railroad traffic to other modes of transportation. In reporting the results of the study, a bank analyst commented that railroads that are “pulling too hard on the pricing lever”...

Although they had record revenues and railcar delivery totals, American Railcar was not able to increase their profits much above the same period in 2006 when they shipped 18% fewer railcars. Management explained that their production facility at Paragould Arkansas, which produces covered hopper railcars,...